About 360 clubs (in Europe) will need cash injections, whether it’s debt or equity within those two years, for an amount of €6 billion ($7.2 billion).

Andrea Agnelli

When I look at the best information I’ve had so far, we’re looking at a bottom-line loss for the industry in the region of €6.5 billion ($7.9 billion) to €8.5 billion ($10.3 billion) for the combined two years.