Financial crisis in Italian football has deepened it seems as only 6 of the top flight clubs have recorded profit in the last financial year.
A study conducted by Italian sports daily LaAi??GazzettaAi??delloAi??Sport found only sixAi??SerieAi??A clubs ran at a profit last year, while Inter lost ai??i??82.7m.
The newspaper published the results of its investigation today into the finances of clubs in the 2012-13 campaign.
They found only six sides avoided a deficit, while there are still huge debts all around the League.
UdineseAi??is the best run club in Italy, making a profit of ai??i??32.3m in 2012-13, followed by Napoli with ai??i??8.1m.
The only other clubs to run at a profit wereAi??ChievoAi??(ai??i??1.5m),Ai??PescaraAi??(ai??i??1.3m before their relegation),Ai??FiorentinaAi??(ai??i??1.2m) andAi??CataniaAi??(ai??i??0.1m).
Inter hold the record for the worst accounts, as they ran at a loss of ai??i??82.7m in 2012-13. Itai??i??s still an improvement on the
ai??i??89.8m losses from the previous season.
JuventusAi??have the highest revenue, mainly thanks to owning their own stadium, with ai??i??274.8m, but also the second highest expenditure at ai??i??286.8m.
It means theAi??BianconeriAi??still ran at a loss of ai??i??15.9m last season. Of the other top clubs, Milan ran at a loss of ai??i??6.9m and had the most expenses at ai??i??324m,Ai??LazioAi??lost ai??i??5.9m and Roma ai??i??40.1m. In terms of outstanding debts, Inter lead the way with ai??i??293m, followed byJuventusAi??on ai??i??227.1m and Milan ai??i??221.6m.
More seriously, from the broadcasters’ point of view, the game’s top level has fallen sharply since the glory days of the 1990s, when Serie A was a byword for footballing glamour and attracted the cream of the world’s playing talent.
Italy’s deep recession has hit spending on luxuries like television football subscriptions hard, but broadcasters have also been worried by a slide in matchday attendances and the now standard backdrop of empty seats in half-filled stadiums.
Swedish attacker Zlatan Ibrahimovic, perhaps the last genuine world class star to play in Italy, moved to Qatar-backed Paris Saint Germain in 2012, and though in 2010 Inter Milan won the UEFA Champions League, Italian clubs overall have slipped behind their rivals in Spain, Germany and England.
In the past individual clubs competing in the league had the rights to sell their broadcast rights to specific channels inAi??Italy, unlike in most other European countries. The three broadcasters in Italy are the satellite broadcasterAi??SKY Italia, along with terrestrial broadcastersAi??Mediaset PremiumAi??andAi??Dahlia TVAi??for their own pay television networks;Ai??RAIAi??is allowed to broadcast only highlights (in exclusive from 13:30 to 22:30Ai??CET).
For the 2010ai??i??11 and 2011ai??i??12 seasons, Serie A clubs negotiating club TV rights collectively rather than individually for the first time since 1998ai??i??99. The domestic rights for those two seasons were sold for ai??i??1.149bn toAi??Sky Italia.
The club with the lowest debt in Serie A isAi??FiorentinaAi??on just ai??i??5.1m.
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