Coronavirus and economic crisis, a bad recipe for Serie A

Behind the weekly spectacle of Cristiano Ronaldo, the arrogance of Zlatan Ibrahimovic and the resurgence of Hirving Lozano, Italian soccer has weak foundations for the future. As has happened on other occasions, the problem is not on the pitch, but in the way they manage their teams, added to the global health crisis that has driven the public away from the stadiums and the uncertainty of when a life will exist again ‘normal’.

The figures are challenging and alarming, according to the KPMG Football report, on the account statements of the main five teams in Serie A in the 2019-2020 season, which was suspended in March, which ended late and without fans. in stadiums.

Among the most important clubs in Calcio, the team that loses the most is Roma, whose report revealed a drop of 204 million euros (mde), followed by AC Milan, leader of the competition and who lost 194.6 million. Inter also reported red numbers per 100m, Juventus minus 89.7m and Lazio minus 15.9m.

The figures, evidently hit by the global economic crisis, are not a new aspect in the imaginary of Italian football, nor is it the exclusive fault of the Covid-19 pandemic, which is estimated to have generated losses of 250 million euros. Even less is limited to just the five most powerful teams in Serie A.

A few months ago, the Italian newspaper ‘La Gazzetta dello Sport’ published that Serie A was on the verge of financial collapse because the different teams added a debt of 2.5 billion euros. In that report there was only one club that had favorable numbers, it was the surprising Atalanta, whose account statements were favored by its good performance in the Champions League, where he advanced to the quarterfinals.

Paolo dal Pino, president of the league, asked the Italian government for help of 600 million euros due to the coronavirus crisis, arguing that the league “is on the verge of collapse”; but the authorities rejected that request.

Next year will be the renewal of the television rights of Serie A, a hope for Italian clubs that hope to have a good economic boost because, according to the KPMG report, this competition is the one that has grown the least in the value of their television broadcasts in the last five years, with 23%, compared to the best five flirt in Europe: England (35%), Spain (40%), France (129%) and Germany (59%).

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