Who will be hit hardest by the coronavirus crisis in LaLiga Santander? LaLiga Santander Real Madrid among best to adapt

The coronavirus crisis has affected some clubs more than others in LaLiga Santander.

Spain's most popular clubs have lost a significant portion of their revenue with ticket sales, merchandise sales, stadium tours and museum visits now virtually non-existent.

Then there is the question of TV money, with clubs and leagues desperate to complete the season in order to limit their losses in this department.

Two scenarios

In Spain, the situation is clear: complete the season or not.

Once we know the answer to this, we'll be able to calculate with more certainty the financial implications on the clubs involved.

If the season is completed behind closed doors, clubs will receive TV money but will still lose most other sources of income like ticket sales.

Who does this affect the most?

In short, Barcelona.

The Catalan club have the most expensive squad in LaLiga Santander, which is why they've ensured that wage cuts are in place for their players.

For now, they're managing the situation well and, once this is all over, few clubs have the resources to bounce back that Barcelona boast.

Who are the best prepared?

Real Madrid are perhaps more prepared for a crisis like this than anyone else.

They've spent the last few seasons trying to save money for a rainy day and, although they wouldn't have expected it to come like this, it'll stand them in good stead.

However, if both the LaLiga Santander and Champions League competitions can't be completed, they'll be hit as hard as everyone else.

Clubs like Eibar, Celta Vigo and Leganes are also financially more secure than others. They have a modest budget and both buy and sell during transfer windows.

Elsewhere, Athletic Club, Villarreal, Sevilla and Real Sociedad are all run very well in the financial aspect and they, along with Real Mallorca and Osasuna, are expected to be able to deal with this crisis without major problems.

The healthy middle class

Getafe, Real Betis, Granada, Levante, Alaves and Real Valladolid Will take considerable hits from the crisis but have plans in place to confront it.

They would've received 100 million euros if the season had ended as normal and now they've planned pay cuts for their players if matches cannot be played.

Bringing up the rear

Barcelona, Atletico Madrid, Valencia and Espanyol have the most problems - some because of a costly playing squad and others because of big debts.

None of them are in danger of going under, but they have major debts that won't be balanced out by revenues they have lost.

They are doing what every other business is at the moment: reorganising their accounts, regulating their debts but, unlike other businesses, they have the guarantee of revenue in the future.

Barcelona have taken into consideration the revenue they expect to receive once their stadium renovations are completed.

What happens if the season cannot be completed?

Clubs that are hugely dependent on TV income, like Osasuna, Mallorca, Villarreal, Sevilla and Real Sociedad, will feel the effects of an unfinished season more than others.

Alaves and Valladolid, who also have larger debts, would be among the hardest hit in the case of an incomplete season.

The size, savings and squads of Betis, Getafe, Granada and Levante should see them through this crisis, even in the event of the remaining fixtures being cancelled.

What about LaLiga Smartbank?

This is the opposite to what you're thinking.

Clubs in Spain's second tier won't be as affected by the pandemic as those in the division above them, in general.

The majority of them have low-cost squads and don't depend as much on TV money, but they will still lose plenty from ticket and merchandise sales.

There are measures in place, such as ERTEs, to help smaller businesses through the crisis and none of the clubs in LaLiga Smartbank are in danger of going under.

Not even Malaga, who continue to cut costs in their squad. It could've been much worse for them if this crisis had happened in previous years.