A LEAGUE One chairman fears losing more than £2.5million during the coronavirus pandemic.

Wycombe Wanderers chief Rob Couhig has told his furloughed staff to look for alternative employment once the Government scheme ends.

But Couhig revealed the Chairboys have already been hit hard financially.

“The club has essentially been without revenue since the beginning of March and our loss of revenue even with the utilisation of the furlough plan has exceeded £1million through the end of May,” said Couhig.

“On a going-forward basis, we anticipate our loss of revenue will continue at the rate of £350,000 a month.

“While no one really knows for sure when we will be able to return to playing in front of crowds, it seems reasonably certain that it will not happen until at least September and many speculate not until at least December.

“It is apparent that the club’s losses as a result of the Covid-19 outbreak may exceed £2.5m. If we are required to play games behind closed doors, whether to try to complete the season or in play-offs, these costs will go up.”

But Couhig is keen to help his staff.

“We have informed all our non-football staff presently on furlough that their pay will be limited to that which we receive from the furlough plan,” said Couhig.

“Going forward, these furloughed employees will receive 80 per cent of their salary with a maximum payment of £2,500 per month. We are also recommending that they begin the search for alternative employment once furlough ends.”