British sport faces devastating £700m black hole from Covid-19 pandemic

MPs told of huge impact on football, rugby and cricketECB warns of £380m loss; RFU £107m; EFL £200mThe devastating financial effect of coronavirus on British sport was laid bare on Tuesday with the Football League, the Rugby Football Union and the England and Wales Cricket Board revealing they could lose more than £700m between them in the next year.With Premier League clubs also facing a potential £750m TV shortfall if the football season does not resume this summer, the financial damage to sport from Covid-19 is likely to run into billions. Related: EFL chief says parachute payments are 'an …