(Reuters) – A research by governing physique UEFA confirmed the COVID-19 pandemic value European golf equipment seven billion euros ($7.91 billion) throughout two seasons at the same time as participant wages at high sides rose by 2% to 11.9 billion euros ($13.45 billion) throughout the interval.
High-flight golf equipment suffered losses value 4 billion euros ($4.52 billion) in 2021, up from three billion euros ($3.39 billion) the earlier yr.
Nearly all of losses got here because of empty stadiums, with revenues from ticket gross sales falling by 88% in 2020-21. Switch revenues additionally took a tumble, dropping by 40%.
British media mentioned the report, which included 724 golf equipment throughout 54 high divisions in Europe, added that 900 million euros ($1.02 billion) was given in rebates to broadcasters, whereas sponsorship income plummeted by 1.7 billion euros ($1.92 billion).
UEFA President Aleksander Ceferin, nonetheless, mentioned there was cause for optimism with followers returning to stadiums.
“One lesson of the final two years has been that it is just by exhibiting solidarity and dealing collectively that European soccer can overcome existential challenges such because the pandemic,” he mentioned.
“This report supplies sobering particulars of the post-pandemic challenges that await us. However whether or not the pandemic stays or goes, European soccer will keep robust, secure and united in 2022.”
($1 = 0.8850 euros)
(Reporting by Dhruv Munjal in Bengaluru; Modifying by Peter Rutherford)
Supply: KFGO
