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    Stock Market News: Volatility Up 14% As Markets Fall

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AFL, players clash over pay cuts as coronavirus shutdown bites By Reuters

Trade News by Trade News
March 25, 2020
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https://www.investing.com/

By Ian Ransom

MELBOURNE (Reuters) – The Australian government’s call for sacrifice and solidarity in the face of the coronavirus shutdown has gone unheeded in the country’s most popular sporting competition with Australian Rules footballers at loggerheads with officials over pay cuts.

The coronavirus outbreak, like it has done to the broader economy, has taken a wrecking ball to the nation’s professional sports, idling hundreds of players and staff in Australian Rules football, along with hundreds more in rugby league and soccer.

With no product to sell and no revenue coming in, leagues stand to lose tens of millions of dollars every week they remain suspended, raising warnings they could fold before long.

Austerity measures have already hit the Australian Football League (AFL), the top flight of Australian Rules, which shut down on Sunday after only one round of championship matches.

With the season suspended until at least the end of…



Source investing.com

Tags: AFLbitesclashcoronaviruscutspayplayersReutersshutdown
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Belgium Will Open Bars and Borders as Virus Infections Fall By Bloomberg
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© Bloomberg. Bicyclists ride near the Berlaymont building in Brussels, Belgium. Photographer: Olivier Matthys/Bloomberg (Bloomberg) --Belgium will reopen bars...

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