LONDON, May 6: The transfer value of players in 10 of Europe�s top leagues could plummet by up to 10 billion euros due to the economic crash caused by coronavirus, a study from accounting firm KPMG said on Wednesday.
Transfer spending is expected to fall dramatically, with clubs across the continent facing huge losses as a result of football�s shutdown. The top divisions in England, Germany, Italy and Spain remain committed to trying to finish the 2019/20 seasons so they can honour huge TV contracts and minimise the financial hit.
KPMG estimates that Europe�s top five leagues, including France, where the season has ended, could lose four billion euros ($4.3 billion) if the campaigns cannot be completed. Those leagues are also the main drivers of the European transfer market. � AFP
