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�Transfer spending expected to fall�

By The Assam Tribune
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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

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�Transfer spending expected to fall�

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

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