Expected Economic and Financial Impacts Of COVID 19 Discussion

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What will be economic and financial impacts of chosen topic (topics in paper) from previous season for the future of it's league, teams, and stakeholders? Choose from following leagues. CHOOSE ONLY 1

NBA - 2019-2020 season

MLB - 2020 season

Minor League Baseball - canceled

NHL - 2019 - 2020

EPL - 2019 - 2020

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Research Paper: Pandemic in Sports (Spring 2021) Write a double spaced 2-3 page research paper on one of the following topics. Your sources should be properly cited using APA formatting. Driving question: What will be the economic and financial impacts of (your chosen topic)’s previous season for the future of the league, its teams, and its stakeholders (players, fans, coaches)? Topics – choose one of the following leagues: You will research and analyze their previous season that occurred during the pandemic. • • • • • NBA – 2019-2020 season MLB – 2020 season Minor League Baseball (cancelled) 2020 season NHL – 2019-2020 season EPL – 2019-20 season Each paper should include the following: - Introduction with summary and details of the season (dates, locations, stoppages, etc) Changes in Revenue or Cost compared to a “normal” season Potential future financial ramifications from this season “Unexpected” outcomes from these situations – meaning what are some other not directly related things that may be affected (could be positive or negative) Conclusion that looks at overall health of the league and possible next steps for the organization moving forward Rubric – 50 points total Points earned will be based on providing pertinent, well-researched information to address the topics and show understanding of the material. Topic Summary Points Possible 5 Revenue/Costs 15 Financial Ramifications 15 Unexpected Outcomes 10 Conclusion and next steps Total 5 50
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Outline
Title: Expected economic and financial impacts of COVID-19 on English Premier League (EPL)
Thesis: This paper describes the expected economic and financial impacts of COVID-19 on
EPL.
I.

Introduction
A. Argument: COVID-19 had a financial and economic impact on the season as it
caused it to be halted for about two months.
B. Thesis

II.

Revenue/Costs
A. Sponsors will potentially receive substantial rebates
B. Most of the Agreements that EPL has with sponsors are likely to end
C. Significant decrease in player salaries, transfer expenses, and market values
1) 20.4% to -9.5% (player salaries)
2) -26.7% to -12.4% (player market values)
3) £-14.1M to £-6.4M (transfer expenses)

III.

Financial Ramifications
A. Clubs could not refund advance payments of £762M to broadcasters
1) Media houses still deal the EPL clubs with financial ramifications
B. The league is also penalized with £330M for being unable to fulfill its contractual
obligation.
C. Decreased value of variables such as the squad markets, net transfer expenses, and
team wage bills.

IV.

Unexpected Outcomes

A. Most players in other European football clubs have agreed to take voluntary pay-cuts
B. Most EPL players have rejected any salary deductions
C. Introduction of new player clauses entitling clubs to cut wages in the event of another
unanticipated pandemic or similar occurrence
V.

Conclusion
A. The COVID-19 induced economic and financial consequences on European football
sports, especially EPL, is not yet largely explored. However, analysts' projects and
theoretical data and information reveal that the EPL's big-6 clubs are likely to
experience a decline in their player salaries than the rest of the 14 teams.


Running head: IMPACTS OF COVID-19 ON EPL

Expected economic and financial impacts of COVID-19 on the English Premier League (EPL)
Student's Name
Institutional Affiliation

1

IMPACTS OF COVID-19 ON EPL

2

Expected economic and financial impacts of COVID-19 on the English Premier League
(EPL...


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