Last Update 11:25
Friday, 20 September 2019

Italian football lost 428m euros in 2010/2011

Italian football lost 428 million euros last season, according to a report produced by the Italian Football Federation, alongside Pricewaterhousecoopers and Arel

AFP, Thursday 29 Mar 2012
Italian
Juventus' Mirko Vucinic (L) fights for the ball with Inter Milan's Andrea Poli during their Serie A soccer match at the Juventus stadium in Turin March 25, 2012. (Photo: Reuters)
Share/Bookmark
Views: 339
Share/Bookmark
Views: 339

It was an 80 million euro, or 23 per cent, increase on the previous season's loss.

Only 19 of the 107 clubs across the top four divisions surveyed made a profit.

Football as a whole was in decline as it generated 2.5 billion euros, a 1.2 per cent decrease on the previous campaign.

Serie A, unsurprisingly, accounted for the majority of that (82 per cent) although that was 2 per cent less than its share in 2009/2010.

Production costs increased by 1.5 per cent to 2.9 million, which created the 428 million euro loss.

However, it was noted that the rate of increase in production costs reduced significantly from 6.8 per cent in 2009/10 and 6.4 percent in 2008/09 to just 1.5 per cent this time around.

Part of the increased loss can be explained by a drop in attendances of 4 per cent across the four divisions.

There were 13.3 million people passing through the turnstiles in 2010/11.

The drops increase the lower the division with Serie A seeing only a 2.4 per cent reduction while the fourth division saw an almost 20 per cent drop.

That resulted in a 22.4 million euro fall in gate receipts in professional football from 275.4 million euros to 253 million euros.

Gate receipts amount to only 10 per cent of Italian clubs' revenue.

Stadiums were on average 56 per cent full with the Champions League matches performing best at 67 per cent of capacity, followed by Serie A with 59 per cent.

Fourth division games record only 20 per cent turnouts.

(For more sports news and updates, follow Ahram Online Sports on Twitter: @AO Sports)

Search Keywords:
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.