FIFA estimates COVID-19 will cost Global Football $11 Billion

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ISLAMABAD:    FIFA put the cost of COVID-19 on Football around the world at $11 billion in lost revenue. The pandemic has already led to over 150 football associations to seek financial help from the $1.5 billion emergency relief fund set up by football’s governing body. Olli Rehn, chairman of FIFA’s coronavirus steering committee, laid bare for the first time the true financial impact the virus has had on the game through fixture list chaos, empty stadiums and loss of TV rights revenue. “It’s a huge number and it covers the football economy in its entirety, including all youth academies,” Rehn, a Finnish politician and governor of the Bank of Finland

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