European clubs face half a billion pounds TV rebate from coronavirus shutdown

Bayern Munich v Chelsea – UEFA Champions League – Round of 16 – Second Leg – Allianz Arena
(Image credit: Sven Hoppe via DPA)

European clubs are set to miss out on half a billion pounds of revenue because of a UEFA rebate to broadcasters amid the coronavirus pandemic.

The chairman of the European Club Association Andrea Agnelli revealed 575 million euros (just over £520m) of prize money will not now be distributed to clubs due to the disruption caused by the Covid-19 outbreak.

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