Federazione Italiana Guioco Calcio (FIGC) president Gabriele Gravina is providing further detail on the economic losses in Serie A over the past two seasons.
Like every other football league in Europe, Serie A has been heavily impacted by the ongoing coronavirus pandemic. Last season, Serie A joined every other European league in suspending play for multiple months due to the pandemic.
This season, Serie A has carried on without any interruptions, but teams across the league are being hit hard by losses in revenue, such as with the absence of fans in stadiums.
Gravina (via La Lazio Siamo Noi) is now providing figures as to how much the league will lose in total over these two seasons.
The economic loss for the 2019-2020 season and only the Serie A teams will be of over €200 million euros, for the most part, due to the closure of the stadiums and obviously the interruption of the championship for Covid.
For the current one, however, the losses are estimated at €400 million for the Serie A teams and is added to the more serious closure of the amateur and youth leagues, which did not resume activities except for a short period.
For Gravina and Serie A, there are preliminary plans that are being considered that would help the league recover from the heavy economic losses over the past year.
In the first place, we must focus on the youth sector, with an action of innovation of the training methods and the structure of the championships.
A more sustainable strategic management will be possible by promoting the growth of team profitability, simplifying access to new sources of income – such as income from betting – and introducing functional tools for a more balanced economic-financial management, such as the identification of “typical” budgets for club purchasing campaigns or the introduction of a salary cap for sports management, to help teams determine their spending targets.
Serie A will continue to take gradual steps as it looks to recover from the economic impact of the coronavirus pandemic.