The champions league, european footballs many profitable club tournament, is set to restart in august, offering additional relief towards continents top groups as they negotiate a coronavirus-induced cash crisis.

Uefa, european footballs governing human body, on wednesday said its flagship competition, which makes approximately 2.5bn in broadcasting and sponsorship revenues yearly, is held amongst the qualifying clubsas just one match knockout event in lisbon.

Aleksander eferin, president of uefa, said football has experienced huge problems after suits were suspended due to the pandemic. though it is probable the games will take location without followers in attendance, mr eferin said he had been confident they'd come back to stadiums sooner rather than later.

He informed a digital hit conference that whilst the scenario had been altering rapidly, uefa would decide whether spectators will be able to attend suits by mid-july.

The truth that the champions league goes forward will likely to be welcome development to groups inside competition. this past year, uefa handed 111.1m to champions league champions liverpool, up through the 88.7m premium to spains real madrid in 2018. although the europa league is less valuable, londons chelsea, the newest champions associated with the europa league, had been paid 46.4m.

Had the function already been terminated, these costs has been in jeopardy. many groups are scrambling to shore up their particular funds after pandemic lockdowns halted play, with broadcasters pursuing rebates on legal rights contracts and gate receipts impossible while arenas stay out of bounds for spectators.

The europa league in addition to womens champions league will also go ahead in august, with uefa having made the womens game a strategic concern.

Specifically using womens champions league, mr eferin said, it was vital that you deliver a solid sign that it is feasible to perform this season, in an occasion in which womens activities have actually suffered substantially.

The competitions was suspended in march due to the pandemic.

Although uefa is confident of resuming play, the governing human body set out many formatting changes towards the tournaments, with matches in addition set-to be played at alternate venues.

Istanbul, which have been as a result of host the champions league last, will now host the event in 2021, aided by the estdio do sport lisboa e benfica in portugal to serve as this many years venue on august 23. cologne rather than gdask will host the europa league final on august 21.

Both tournaments must finish the remaining 16 second-leg knockout suits which were delayed due to the pandemic. the quarter and semi-finals would be played as one off knockout matches versus over two games, an important differ from the original structure.