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FIFA reveals how much COVID-19 pandemic cost football this year

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FIFA reveals how much COVID-19 pandemic cost football this year

A prime FIFA official, Olli Rehn, on Wednesday, stated that the COVID-19 pandemic is prone to price membership soccer 14 billion {dollars} (about N5.4 trillion) this yr worldwide.

Rehn, who at the moment heads the FIFA committee set as much as deal with the consequences of COVID-19 pandemic, acknowledged that the fee is round one-third of its worth, NAN stories.

He added that FIFA, together with monetary consultants, had estimated the membership recreation to be value between 40 billion {dollars} and 45 billion {dollars} worldwide.

Rehn stated the determine of 14 billion {dollars} was primarily based on the present state of affairs, the place soccer is slowly restarting after a 3-month break earlier this yr.

The previous EU commissioner, who’s now governor of the Financial institution of Finland, stated it could be a “completely different ball recreation” if the pandemic didn’t let up.

“Soccer has been hit very arduous by the coronavirus [COVID-19] pandemic,” Rehn stated.

“It has created loads of turmoil at completely different ranges with some skilled golf equipment dealing with very critical difficulties.

“I’m additionally very involved about youth academies and decrease division golf equipment.”

Rehn disclosed that soccer in South America had been particularly arduous hit, whereas Africa and Asia had been additionally a priority.

He stated: “It’s an actual hazard that the great work that has been finished growing soccer in Asia and Africa could possibly be ruined. So, we wish to soften the blow and keep the event that has been finished.”

FIFA has allotted 1.5 billion {dollars} to assist deal with the consequences of the pandemic, and Rehn stated 150 of the 211 member-associations had up to now utilized for funds.

He stated that, whereas soccer was slowly re-awakening, one other downturn couldn’t be dominated out.

Rehn stated: “The essential factor will probably be whether or not a vaccine will probably be developed and can be utilized, and that we have now medical and different means to totally include and tame the pandemic, and that’s unsure.

“We can not rule out worse developments, and that might be one other ball recreation if the pandemic had been to proceed in a extreme type subsequent yr. Now we’re engaged on the premise of the present state of affairs.”

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