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Close to 200 clubs could go bankrupt due to COVID-19 crisis

There are fears that close to 200 football clubs could go into bankruptcy due to the coronavirus pandemic, a leading club director has stated. Significantly reduced activities in the multi-billion pound transfer market as well as possible payment defaults with regards to player deals that were made before the shutdown could contribute to this. These concerns were raised in a debate that was hosted by a FIFA-back research center. These were the concerns of Locomotiva Zagreb director Dennis Gudasic. He said: “I think the biggest threat to club football in the coming six months is going to be the survival of smaller clubs,” He went on to warn of a “drastic situation whereby we have maybe 100, or 200 clubs go bankrupt in September or October” if challenges facing smaller clubs were...