Every football club in the world is doing everything they can to keep their club afloat. Due to the outbreak of Coronavirus all the sports entertainment around the world is stopped abruptly without any further notice. The biggest concern for all the clubs is that the remaining date of all the football tournaments is unknown.
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The first football tournament to come under this hammer is the Chinese Super League. After which Serie A and every other league have come to a stop. Few leagues like Bundesliga tried to conduct their tournaments in the closed stadium but taking the player safety into consideration they too stopped their leagues.
Football clubs get income only if their team played in the league and other sports events. If those things were stopped then there is no income for clubs. To overcome this crisis teams like Juventus, Barcelona and others have accepted a 70% pay cut which will help the club to run smoothly for the time being.
BREAKING: Burnley warn of £50m loss, point to £100m shortfall for other clubs amid coronavirus crisis: Despite being one of the better-run sides in the top flight, the Clarets face "significant challenges" in terms of revenue ceded if 2019/20… #BurnleyFc Via @globalbreaking_— GLOBAL BREAKING NEWS ⭕️ (@globalbreaking_) April 4, 2020
However the same cannot be said to every club in the premier league. One of the clubs that are on the verge of bankruptcy is Burnley. The midlevel club Burnley is at the 10th place in the points table with solid 12 points separating them from the relegation zone. With a few good games, They could have even tried to enter the top 4. But by current condition, nothing is certain anymore. This has left the Burnley Chairman is huge despair over the money crisis.
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In a statement on their website Burnley FC have said that they stand to lose up to 50 million pounds ($61.30 million) in revenue if the Premier League was not completed #BurnleyFC pic.twitter.com/ZZ5LN3HahR— PakPassion Sport (@PakPassionSport) April 4, 2020