Serie A club financial health paints a mixed picture
A financial report of last year’s Serie A clubs provides a mixed picture of fiscal health because while the overall revenue of the 20 clubs increased by €1.77 billion, spending also increased by €2.37 billion leaving overall club debt at a staggering €1.5 billion.
Additionally, only six of the clubs operated in the black with Udinese netting a profit of €32.3 million followed by Napoli with an €8.1 million positive balance sheet. Meanwhile, Inter and Juventus ran up the largest deficits with losses of €82.7 and €15.9 million respectively.
La Gazzetta Dello Sport released its detailed findings of clubs’ finances and determined that while overall club debt remains high, the figure was reduced by €68 million from the same period last year.
Title favourites Juventus unsurprisingly notched the highest revenue at almost €275 million, thanks to their ownership of Juventus stadium, and correspondingly have the second highest expenditure at €286.8 million, trailing only Milan with expenses totalling €324 million.
The two capital clubs are the only sides with nine-figure debt amounts with Roma at €136 million and Lazio at €102 million in overall debt.