Serie A - Italian top flight debt hits €1.5bn

Serie A clubs increased revenue last season by eight per cent, but also spending by four per cent, with total debt set at €1.5bn.

FootballItalia
Serie A - Italian top flight debt hits €1.5bn
.

View photo

Stadio Giuseppe Meazza, Inter Milan Stadium, Milan

The Gazzetta dello Sport have followed up a recent report on the state of the Italian top-flight clubs’ accounts, which revealed earlier this month that only six teams ran a profit during 2012-13.

A more in-depth look at the accounts of the 20 clubs has produced overall figures for the League and shows that total revenue has increased on 2011-12’s figures by eight per cent, to €1.772bn, whilst total spending increased four per cent to €2.365bn, resulting in a loss of an aggregate figure for last season between the clubs of €203m.

Total debt remains at €1.572bn between Serie A’s sides, with every club posting a debt, Fiorentina with the lowest at €5.1m and Inter the worst at €293m. League leaders Juventus hold a debt of €227.1m whilst Milan owe a total of €221.6m.

Roma with €136.3m and Lazio with €102m are the only two other clubs with debt into nine figures.

Read the original article on Football Italia - The ultimate website for English-speaking fans of Italian football

View Comments (1)
Fantasy Premier League