How Professional Football Clubs can survive in COVID situation?
Updated: Apr 3, 2021
Later City News: Corona crisis caused existence-threatening liquidity issues and stressed the financial management of many Professional Football Clubs (PFCs), including premier league teams.
Professional sport organizations calculate in general only small profits and the sector is highly vulnerable to crises, a combination that makes professional football unstable and fragile.
A research done by a group of researchers from Finland, Sweden and Italy confirms that the unexpected adverse shocks that lead to a revenue reduction, like the COVID-19 pandemic, have the potential to financially collapse the industry, emphasized by interviews' participants who reported that without playing most of the clubs would not have survived longer.