Italian football may be aware of the financial crisis in the sport but debt in the game continues to rise.
An investigation by the ‘La Repubblica’ newspaper claims that debt affecting Serie A clubs has risen by 14 per cent in the last year – now totalling a massive £360m.
Only the top-flight duo of Reggina and Bologna have actually made a profit in the last 12 months.
The newspaper has calculated that clubs on average are spending almost double the amount of their income.
Although the cost of player wages has decreased slightly, TV revenue has stayed the same, while running costs have increased by eight per cent.
Player salaries are thought to cost clubs a total of £600m a year, with the Italian giants logically shelling out the majority of that figure.
Especially when you take into account that Inter’s Christian Vieri nets a reported £4m, while Messina’s total wage bill is just £5m.
It was also calculated that Livorno would have to spend 21 years in the top-flight to earn as much as Juventus do in one season.
However, the amount of debt varies dramatically amongst Serie A’s big boys. Juve are alleged to be around £12m in the red, while Inter are an enormous £70m.
An investigation by the ‘La Repubblica’ newspaper claims that debt affecting Serie A clubs has risen by 14 per cent in the last year – now totalling a massive £360m.
Only the top-flight duo of Reggina and Bologna have actually made a profit in the last 12 months.
The newspaper has calculated that clubs on average are spending almost double the amount of their income.
Although the cost of player wages has decreased slightly, TV revenue has stayed the same, while running costs have increased by eight per cent.
Player salaries are thought to cost clubs a total of £600m a year, with the Italian giants logically shelling out the majority of that figure.
Especially when you take into account that Inter’s Christian Vieri nets a reported £4m, while Messina’s total wage bill is just £5m.
It was also calculated that Livorno would have to spend 21 years in the top-flight to earn as much as Juventus do in one season.
However, the amount of debt varies dramatically amongst Serie A’s big boys. Juve are alleged to be around £12m in the red, while Inter are an enormous £70m.
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