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Gravina: Serie A could lose € 700 million

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Gravina: Serie A could lose € 700 million

If preparations to revive the league does not actually happen, Serie A could lose more than € 700 million (£628m/$769 m) of income, according to Italian Football Federation president Gabriele Gravina.

“The federation’s task is to get football going again and avoid the economic recession irreparably destroying Italian passion for sport,” Gravina told the Italian magazine Riparte l’Italia.

“We worked with dedication to ensure Italy as a country gets back on its feet, including sport, which is a significant working field that includes about 100,000 workers and produces income for the state.”

“We have worked unceasingly with Minister of Sport Vincenzo Spadafora, Minister of Economy and Finance Roberto Gualtieri and Minister of Health Roberto Speranza to establish appropriate conditions for the resumption of professional football.”

“This is because we can only stop the collapse of revenue by returning to the pitch which would otherwise be more than €700 m in the short term. Due to the COVID-19 pandemic lockdown, we have already lost more than €500m.”

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