Sports

Projections show PSG faces shortfall of 300M due to the coronavirus


Paris Saint-Germain is one of the few clubs in world football that can overcome the financial impact of the coronavirus but they’re not completely immune.

In a report from Le Parisien, the French publication revealed that the pandemic could have “frightening economic consequences” with internal projections putting the shortfall at around €300 million.

Now, that’s a little less than the total amount PSG paid for Kylian Mbappé and Neymar Jr., so don’t shed too many tears about that loss but it does underline the financial implications the coronavirus will have on clubs.

Sure, PSG can overcome these losses but not every Ligue 1 and Ligue 2 team will be able to. The biggest hit to clubs in France is the lack of revenue from broadcasters Canal Plus and beIN Sports, who are both withholding payments to the Ligue de Football Professionnel because of the lack of games to show to their subscribers.

To help soften the impact of the coronavirus, players from France’s two top leagues agreed to a salary reduction during the month of April. Players earning €100,000 or more, which includes Neymar, will see their wages reduced by 50 percent, while those earning less than €10,000 will not see a reduction.

Samuel Louis

Samuel Louis

Samuel Louis is a young Haitian student that loves to write and learn. He’s passionate about people and culture and finds comfort in knowledge. As a writer for Haitian Times, he looks forward to opening his horizons about journalism, while doing what he loves.
Samuel Louis
Apr. 10, 2020

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