The huge cost to clubs if they fail to complete Premier League season

mawspurs

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Premier League executives have reportedly been told that they will owe £762million in broadcast revenue if the season cannot be completed due to the coronavirus outbreak.

Source: Football London
 

JimmyG2

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What a nonsense.
They are being forced to close down in a national emergency.
You'll get your pound of flesh eventually
 

sebo_sek

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This could be the best thing to happen to football in decades. After the market collapses, it will be back to academy players and a very level playing field for everyone.
 

Tucker

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This could be the best thing to happen to football in decades. After the market collapses, it will be back to academy players and a very level playing field for everyone.
The richest clubs and the ones with sugar daddy’s will just hoover up all the youngsters and star players. Football going bankrupt isn’t going to be a great leveller that people think it will be.
 

sebo_sek

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The richest clubs and the ones with sugar daddy’s will just hoover up all the youngsters and star players. Football going bankrupt isn’t going to be a great leveller that people think it will be.
With the world economy about to hit the mincer, I'm not sure pumping huge resources into a dying industry is going to be the biggest of their worries. These sugar daddies are predominantly focused around oil the prices of which have been hit massively.
 

Dr Know

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I don't get this, it seems every other organisation is understanding that this was an unexpected issue. People are losing their jobs left right and centre but the broadcasting companies want their cash? Maybe I'm reading this wrong but how the hell can there be no contingency plan for emergencies? Football will eventually resume and they will make the millions that they alway have by charging extortionate fees for their broadcast services. With the interests rates cut (correct me if I'm wrong as I know nothing about financing) the club's repayments for loans must be massively lower than before the pandemic.
 
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Locotoro

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Surely we should be scolding the broadcasters like sky as well as the football clubs if this were true?

In reality they are not showing any football because no football is being played. This is a force majeure situation that would be covered by insurance companies
 

Spurs 1961

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Sounds to me like the EPL is saying all the right things relating to honouring contracts though it is likely that they won't be able owing to events they can't control
 

Dannyspur

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Presumably all of that £762million will find its way back to the TV customers who have paid it to watch.
 

N-T-G

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Presumably all of that £762million will find its way back to the TV customers who have paid it to watch.
you can currently pause your Sky Sports subscription, the channels continue but you don’t pay until live sport is available again.
 
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