Report: Serie A clubs bring in €2.77bn during 2018/19

Report: Serie A clubs bring in €2.77bn during 2018/19
Clubs in Italian soccer’s top flight, Serie A, saw their revenue grow by 13.5 per cent during the 2018/19 season to €2.77 billion (US$3.05 billion), according to Gazzetta dello Sport.

The Italian sports outlet’s annual review of the clubs’ finances reveals that growth is largely down to TV rights revenues, which also include the cup competitions organised by the league, which went from €1.3 billion to €1.44 billion.

According to the report, the clubs collectively also saw a year-on-year increase of €100 million (US$110 million) in their commercial revenues, up to €650 million (US$717 million), while matchday income remained stable at €285 million (US$314 million). Other assorted revenue sources brought in around €350 million (US$386 million), according to Gazzetta. 

Serie A’s five major clubs - Juventus, Inter Milan, Roma, AC Milan and Napoli - are responsible for more than 57 per cent of the league’s total revenues, bringing in €1.5 billion (US$1.65 billion). The revenue table does illustrate the picture of a league where the top clubs operate in a very different financial playing field to those at the bottom. According to Gazetta, Juventus, the reigning champions, brought in €494 million (US$545 million) of revenues last season which is more than ten times the turnover of Empoli who sit bottom of rankings.

However, whilst revenues were up, the clubs’ costs also rose at a pace that still leaves the league in the red overall. Serie A’s collective outgoings are reportedly up by more than €500 million (US$552 million) year-on-year to €3.54 billion (US$3.9 billion). According to the report, most of that was in increased wage costs, up €300 million to €1.75 billion.

 

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