Analyzing the Effects of the COVID-19 Pandemic on the Economies of Major European Sports Clubs in 2020

Authors : Issam Layadi, Samir Ben Sayah

Pages : 300-309

Doi:10.38021/asbid.1476400

View : 75 | Download : 63

Publication Date : 2024-06-28

Article Type : Research Paper

Abstract :We aim to investigate the impact of the COVID-19 crisis on the economies of major European sports clubs, including those in England, Spain, Germany, Italy, and France.This study identifies the repercussions of the suspension of numerous professional sports leagues worldwide, putting hundreds of thousands of jobs at risk and affecting the revenues of the sports industry due to the COVID-19 pandemic.This study utilized data obtained from European football leagues for the year 2020 to examine the impact of the COVID-19 situation on major European clubs. Through analysis, we described the effects of the pandemic on these clubs.Key findings include the suspension of numerous professional sports leagues worldwide due to the COVID-19 pandemic, posing a risk to hundreds of thousands of jobs. Additionally, the pandemic had a significant impact on sports industry revenues globally in 2020. Specifically, it was observed that English Premier League clubs\' sports companies were particularly affected, experiencing losses ranging between 1.15 and 1.25 billion euros.The COVID-19 pandemic has significantly impacted the economy of major world clubs\' sports companies, leading to a decline exacerbated by increased indebtedness. With competitions suspended and revenue sources such as match tickets, advertising, and television rights diminished, clubs faced economic strain, lacking the subsidies necessary to cover their financial burdens.
Keywords : Covid 19 pandemic, sports companies, sports clubs