The latest report by Financial Times says Uefa, European football’s governing body, will on Tuesday postpone this summer’s Euro 2020 Championships as the flagship tournament becomes the latest casualty of the coronavirus outbreak that has upended the global sporting calendar.
The tournament will be delayed in an effort to allow the continent’s domestic leagues to finish their seasons and avoid multibillion-euro hits to their businesses, said multiple people familiar with the matter.
Its organizers will meet on Tuesday with representatives of national football governing bodies, clubs, and leagues and players across the continent to plot their response to the crisis. Almost every football division in Europe has suspended matches or started playing matches in empty stadiums in response to the pandemic.
Consultancy KPMG predicted the “Big Five” football leagues in England, Spain, Germany, France and Italy face a hit of almost €4bn from lost match day, broadcasting and sponsorship revenues if the remaining games in their seasons are not completed.