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 La Gazzetta dello Sport found only six Serie A clubs ran at a profit last year, while Inter lost €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.
Udinese is the best run club in Italy, making a profit of €32.3m in 2012-13, followed by Napoli with €8.1m.
The only other clubs to run at a profit were Chievo (€1.5m), Pescara (€1.3m before their relegation), Fiorentina (€1.2m) and Catania (€0.1m).
Inter hold the record for the worst accounts, as they ran at a loss of €82.7m in 2012-13. It’s still an improvement on the
€89.8m losses from the previous season.
Juventus have the highest revenue, mainly thanks to owning their own stadium, with €274.8m, but also the second highest expenditure at €286.8m.
It means the Bianconeri still ran at a loss of €15.9m last season. Of the other top clubs, Milan ran at a loss of €6.9m and had the most expenses at €324m, Lazio lost €5.9m and Roma €40.1m. In terms of outstanding debts, Inter lead the way with €293m, followed byJuventus on €227.1m and Milan €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 in Italy, unlike in most other European countries. The three broadcasters in Italy are the satellite broadcaster SKY Italia, along with terrestrial broadcasters Mediaset Premium and Dahlia TV for their own pay television networks; RAI is allowed to broadcast only highlights (in exclusive from 13:30 to 22:30 CET).
For the 2010–11 and 2011–12 seasons, Serie A clubs negotiating club TV rights collectively rather than individually for the first time since 1998–99. The domestic rights for those two seasons were sold for €1.149bn to Sky Italia.
The club with the lowest debt in Serie A is Fiorentina on just €5.1m.