Previous
Barcelona
Celtic
3
1
FT
Game Details
Galatasaray
Manchester United
2
5
FT
Game Details
New York City FC
Colorado Rapids
5
1
FT
Game Details
Real Madrid
Chelsea
3
2
FT
Game Details
Internazionale
Bayern Munich
1
4
FT
Game Details
Liverpool
AC Milan
2
0
FT
Game Details
Paris Saint-Germain
Leicester City
4
0
FT
Game Details
Next
LiverpoolLiverpool
AC MilanAC Milan
2
0
FT
Game Details

UEFA says clubs show record losses

LONDON -- UEFA says losses across European soccer clubs are ballooning as player salaries soar, despite the economic crisis engulfing the continent.

A report shows losses by top division clubs tripled over five years to a record $2.3 billion, and the cost of paying players leapt 40 percent to $11.2 billion.

But in the 2011 financial year, UEFA found the total debt of the 654 clubs' accounts analyzed dropped by around 10 percent to $10.5 billion.

However, 62 percent of clubs breached at least one of the UEFA rules designed to safeguard soccer's financial future.

And 139 of the 220 clubs playing in the Champions League or Europa League this season breached at least one of the Financial Fair Play rules.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.