National League

In the worst-case scenario, EV Zug will close the 2020-21 season with a loss of CHF 7.5 million, as savings amounting to 5 million have already been made.

Ghost games are one of the causes of financial losses.
Robert Hradil / RvS.Media

For the current season, the club has calculated losses of CHF 12.5 million caused by the measures ordered by the authorities against the Covid-19 pandemic. This figure includes the reclaim claims from sponsoring and advertising contracts, as well as from season ticket holders, the loss of all sales from individual tickets, and losses related to catering.

«We feel it is no more than right that the state provides financial support to the affected companies»
Patrick Lengwiler, CEO of EV Zug

By mid-January, the EVZ had already been able to save 5.1 million Swiss francs through various measures. This amount includes general savings compared to the budget, the salary waiver of all employees, short-time work compensation, waivers agreed by sponsors and business partners, waivers of reclaims from season ticket holders, and a partial waiver of rent by the city of Zug.

In order to further reduce losses, Patrick Lengwiler, CEO of EV Zug, reveals that they have applied for the federal contributions, although they expect a revision of the conditions: "We were a very healthy company before the pandemic. We generated our own revenue and have closed with a profit seven times in the last ten years. We got into this difficult situation through no fault of our own and only because of the orders issued by the authorities. We, therefore, feel it is no more than right that the state should also provide financial support to the affected companies."

( 21 January 2021 | lle* | Report an error )

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