Abandoning the 2019/2020 Premier League season could cost West Ham as much as £40m in lost revenue.
The loss of nine Premier League games would lead to a massive reduction in TV money from the broadcasters for every Premier League club and would be added to potential cost of refunds to ticket holders and sponsors if games are permanently cancelled.
Club retail is also likely to be hit.
West Ham believes their total losses through the Coronavirus outbreak disruption could add up to more than £40m.
With an existing £40m hole in the West Ham finances for this season that could lead to total losses of over £80m without factoring in any relegation figures if the Premier League were to restart.
Club insiders say West Ham – like every club – is having to concentrate on keeping the club solvent during these unprecedented times while continuing to pay out huge contracted player wages with West Ham’s annual salary bill topping £138.5m last season.
Why in the world don’t these clubs have some type of insurance covering this? Not a virus outbreak specifically, but the cancellation of matches for ‘Acts of God’….I’m fairly certain that concert promoters/artist entertainers carry insurance to cover the cancellation of concerts and festivals due to unforeseen circumstances.
I guess clubs will look into this type of insurance coverage going forward.
Acts of God aren’t covered by insurance, you just answered your own question. Nobody is to blame in this situation and nobody is liable, therefor everybody loses out. Clubs lose revenue, TV companies lose revenue, food stands and pubs lose revenue etc etc.
Don’t mention refunds, too soon
And how much would getting relegated cost us. A bit more than 40 million I think.
Relegation would cost a similar amount as players wages reduce by 50% but also many of them would leave and be sold
And how much revenue would we lose if we were relegated ? Probably more than that and then how much more if We don’t get promoted at the first attempt ?
Similar figure except players like Rice, Anderson, Haller would be sold after their wages dropped. Their sale would plug to revenue drop most likley