COVID-19: We have lost two-thirds of our revenue – Hearts CEO
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The Managing Director of Accra Hearts of Oak, Frederick Moore has disclosed that the COVID-19 pandemic has taken a severe toll on the financial standing of the club as the club has suffered two-third reduction of its income or revenue.
According to him, the club has lost much revenue after comparing with the expected revenue.
He noted on Happy FM program titled; ‘Effects of COVID-19 on Football Clubs in Ghana.’ The sports administrator said, “we’ve lost about two-thirds of the revenue projection we made for this football season and it’s quite a scare.”
He also indicated that the deadly COVID-19 pandemic has made it clear to clubs that it cannot flourish with only internally generated revenues.
“For ghana football to really do well and compete internationally, we need support from corporate Ghana and the government.”
The government of Ghana placed a ban on all social gatherings, including sporting activities after the COVID-19 pandemic hit the shores of Ghana.
This ban has taken a huge toll on the game we all love best as a country, football.
Culled : Happyghana.com
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