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Coronavirus And Sports Borussia Dortmund Expect E45 Million In Losses Sports German Football And Major International Sports News

icc cricket retting
icc cricket retting

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Icc Cricket Retting

The UK government’s Sports Technology Innovation Group (STIG) has made it a priority to see if Germany’s approach for getting fans back into stadiums can be used in English sport, according to The Times.

Tens of thousands of supporters have been permitted to attend German soccer’s Bundesliga in the past two weeks, provided the surrounding area does not have a high number of Covid-19 cases.

In contrast, no fans across the UK have been allowed at any professional sports matches after the government scrapped further pilot events with spectators this month following a tightening of restrictions to limit the spread of coronavirus.

German soccer giants Borussia Dortmund are expecting losses of around €45 million (US$50.5 million) as a result of the coronavirus pandemic.

The club are anticipating earnings before interest, taxes, depreciation and amortisation (EBITDA) to hit €62 million (US$69.6 million) for the 2019/20 financial period. But with Covid-19 suspending the Bundesliga campaign for more than two months, before resuming on 16th May behind closed doors, the empty Signal Iduna Park stadium has seen Dortmund’s revenues dry up, with advertising, hospitality and other matchday income affected.

According to Kicker, Dortmund’s five remaining home games this season at the deserted 81,000 venue saw the team miss out on €15 million (US$16.8 million) in earnings, with the sports news outlet also reporting a decline in TV money and merchandising.

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