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Economic crisis from virus pandemic begins to bite in European football


BERLIN: Europe may be the financial powerhouse of global football, but the economic impact from the coronavirus pandemic is already beginning to hit and the consequences could be disastrous for clubs across the continent.

When players at Bayern Munich, one of the world's richest clubs, have reportedly agreed to take pay cuts, it is not difficult to imagine the troubles in store for the sport as a whole.

Many clubs lack sufficient cash reserves to get them through a sustained period without revenue coming in. For example in Scotland, where clubs rely heavily on gate receipts, the situation is ...


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