Previous Chapter Chapter 12: Financial Fair Play in European Football Next Chapter
Chapter 12: Financial Fair Play in European Football
According to the UEFA Benchmarking Report for the financial year 2011, the revenues of 700+ European top division clubs had grown by an average yearly rate of 5.6% in the preceding five years to a record total of €13.2bn. The 26 European top divisions with the biggest aggregate revenues had grown by 42% in five years (UEFA, 2013). While club revenues fluctuate more in the 27 mid and smaller top divisions, their aggregate revenues still increased by 29% in the same period, 2007 to 2011. The football industry was booming everywhere in Europe despite the challenging economic climate.
In the same ...