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Nottingham Post
Nottingham Post
Sport
James Pallatt

'A disaster' - Owner reveals stark financial impact of coronavirus on Nottingham Forest's rivals Leeds United

The owner of one of Nottingham Forest's Championship promotion rivals, Leeds United, has given a stark insight into the financial impact of coronavirus.

Andrea Radrizzani feels the impact of the coronavirus pandemic will prove an economic "disaster" for Leeds - but remains hopeful of securing promotion to the Premier League on the pitch.

The professional game in England remains suspended due to the escalating Covid-19 situation.

No games will take place until at least April 30.

When the season was halted, Leeds sat a point clear of West Brom at the top of the Championship and seven clear of third-placed Fulham with six matches left to play - with Forest currently in the play-offs places.

In a live interview with Italian journalist Gianluca Di Marzio, the Leeds owner reflected on the implications of an unexpected sudden loss of revenue brought about by the pandemic.

"A disaster unfortunately (for the economic implications of world football)" Radrizzani said.

"To be competitive, a club like ours loses £8million to £10m every year and nobody wants to keep a business that loses money every year.

"This situation aggravates the budget. Not having five home games, we will lose about £2.5m, which are the only source of revenues since such figures do not come from TV rights.

"This epidemic aggravates this situation, which is already normally complicated."

Asked if there could be a salary cut at the club, Radrizzani replied: "Our management is carrying out two conversations, one with the federation and another with our players."

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