The Premier League is facing a potential loss of £1.2billion if they cannot complete the 2019/20 season.
Money will be owed to broadcasters if the games cannot be aired due to the coronavirus pandemic, with senior officials in the game unsure if they will be covered by insurance against the potential losses.
A failure to complete the season would constitute a breach in contract terms agreed for both domestic and international television rights.
The head of Germany’s Bundesliga Christian Seifart recently stated that no league is currently covered by insurance against pandemics, and that payments for any such cover would be “impossibly high”.
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football.londonexclusively revealed that the Premier League, FA and English Football League held a call with the government on Saturday, with the current plans set on finishing the season behind closed doors over a four-to-six week period in July.
That would ensure that losses to clubs are kept to a minimum, television rights for the second half of the season already paid to clubs in February.
Sports sponsorship analyst Dr Peter Rohlmann states that total losses for the Premier League and 20 current clubs combined could reach £1.2billion if the season is not finished.
If the clubs can fulfill the rest of their fixtures, however, this would fall to around £170million, with the bulk of that figure consisting of loss of ticketing and match day revenue.
Clubs across Europe could be set to miss out on £4.5billion in total if the seasons are cancelled, while UEFA could lose around £565million due to the postponement of Euro 2020 and cancellation of the Champions League and Europa League.