England-Italy, final worth 12 billion, impact for 0.7% of GDP at stake

England-Italy, final worth 12 billion, impact for 0.7% of GDP at stake

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England-Italy, final worth 12 billion, impact for 0.7% of GDP at stake

Here we are, it is the day of Italy-England, it is the day of the final of the 2021 European Championships, or rather 2020 European Championships. With the Azzurri trying to play a lok trick on the English in their Wembley stadium, in front of Boris Johnson and Queen Elizabeth. “The full stadium is wonderful news for football lovers. It will be a good day to play a game like this. We’ll see how it goes”. Roberto Mancini, Italy’s coach, said this on the eve of the Euro 2020 final against England at Wembley. Then on the impact of the home fans on the match he adds: “During the match we have to think about scoring goals, defending well and creating chances. We hope to hear from the fans only at the end.”

Italy-England, two 12 billion euro powers in comparison

But the final is not just a sporting challenge, it contains important economic elements. According to Il Sole 24 Ore, this is a game that sets in motion two industries with about 12 billion in annual revenues. Serie A would stop at € 5 billion, with the English Premier League at around € 7 billion. A small delay that hopefully does not affect the field at Wembley.

Italy-England, in the event of victory, effects for 0.7% of GDP

Also because there are consequences on growth at stake. According to Simona Caricasulo, professor of Business Economics of Sport at Luiss ‘Guido Carli’ in Rome interviewed by the Qn, “the conquest of Europeans would constitute an extraordinary driving force for our economy and for the country system. Not surprisingly, all the major researches estimate the impact of great football victories in 0.7% of GDP. “So about 12 billion.” There is really a lot at stake, because the victory effect would drag on to the following years. winner takes all, say the British. A phenomenon that would unfold both in the domestic market and in exports. After the triumph at the 2006 World Cup, Italian exports registered + 10% “.

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