UEFA report lays bare growing wealth gap in European football

first_img However, Deloitte’s report also showed that the Spanish champions generate almost six times the revenue of the fifth-biggest earning La Liga club, thanks to the success of their commercial operations. Even within the “Big Five” leagues, the Premier League is far ahead of the rest – it’s combined revenue of 5.4 billion euros in 2018 compares with 3.2 billion euros in the second-ranked German Bundesliga. France’s Ligue 1 is fifth with 1.7 billion euros of combined revenue in 2018, but champions PSG’s income alone reached almost a third of that figure. The report comes following a year in which radical changes to the format of the UEFA Champions League have been proposed by the European Club Association, and less than two months after Real president Florentino Perez became president of the new World Club Football Association. It has been reported that the WCFA has held talks with private equity partners over the formation of a global league. Read Also: UEFA removed Chelsea star from Team of the Year to fit in Ronaldo However, Ceferin added: “The report also shows that European club football is strong, united and resilient, and I am certain that European football can and will overcome these challenges and others just as successfully as it dealt with the threat of spiralling losses in the recent past.” The increased profits contrast with 2011, before UEFA’s introduction of the current Financial Fair Play system, when clubs reported an overall loss of 1.7 billion euros. FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentThe Network’s Greatest Shows On HBOThis 1982 Movie Is Better Than Any Other Blockbuster Up Today6 Ridiculous Health Myths That Are Actually True7 Netflix Shows Cancelled Because They Don’t Get The RatingsBirds Enjoy Living In A Gallery Space Created For ThemLil Nas X Is About To Beat A World Record!7 Of The Wealthiest Universities In The WorldBest & Worst Celebrity Endorsed Games Ever MadeCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Unusual Facts About Bollywood, Pollywood And Tollywood5 Of The World’s Most Unique Theme ParksWe’re Getting More Game Of Thrones: Enter House Of The Dragon! Europe’s top-division clubs generated a combined profit for the second successive year in 2018, but the gap between the wealthiest sides and the rest continues to grow, according to a new report published by UEFA. The annual “benchmarking” report from European football’s governing body calculates that the combined profit of the 700 top-tier clubs across the continent was 140 million euros ($156 million) with total revenues up to 21 billion euros, an increase of one billion euros. UEFA president Aleksander Ceferin admits that a new report “highlights a number of threats” to European football However, 75 percent of all revenues were generated by the so-called “Big Five” leagues of England, Spain, Italy, Germany and France. In addition, more than half of all top-division revenues for 2019 will be generated by just the top 30 clubs, according to preliminary reporting for the year. That underlines the power wielded by the continent’s very biggest sides, notably England’s so-called “Big Six” and the likes of Real Madrid, Barcelona, Juventus, Bayern Munich and Paris Saint-Germain. However, UEFA also highlight concerns about growing polarisation, both between the biggest leagues and the rest and between leading clubs in smaller leagues and those below them. “Despite a general improvement over time, TV distributions within many leagues are heavily skewed in favour of the biggest/most successful clubs, thereby widening the revenue gap between the big clubs and the others,” the report says. UEFA president Aleksander Ceferin said in the foreword to the report: “The report highlights a number of threats to continued European football stability and success. “These include the risks of globalisation-fuelled revenue polarisation, of a fragmenting media landscape, and of cases of over-dependence on transfer activity revenue.” The latest Deloitte Football Money League, published this week, ranked Barcelona the top club for 2018⁄19, ahead of Madrid, becoming the first to break the 800 million-euro barrier in revenue.last_img