European clubs face €575m TV rebate from coronavirus shutdown

Champions League competitors like Bayern Munich and Chelsea look set to receive reduced prize money due to the coronavirus crisis (Sven Hoppe/DPA Pool/PA)

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 €575m of prize money will not now be distributed to clubs due to the disruption caused by the Covid-19 outbreak.