Description
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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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...