Series A: Clubs pile up historical debt mountain
In Serie A, the clubs are still on the debt spiral. For the first time a historical limit is crossed.
For the first time in 17 years, the 20 Italian Serie A football clubs have closed a season with a financial plus, but the mountain of debt exceeded the two billion euro mark (2.1) for the first time. This is the result of an analysis published by Gazzetta dello Sport of the clubs’ balances for the 2016/17 season.
After the previous season, the mark was still 1.87 billion euros. The two Milan clubs alone are to blame for debts of around 100 million euros. AC Milan made the biggest drop of all clubs with €74.9 million, Inter contributed a further €24.6 million. The Champions League quarter-finalist AS Rome was also clearly in the red with 41.7 million euros.
Thanks in part to flowing TV funds, the turnover of Serie A clubs climbed from 2.042 billion euros to 2.267 billion euros. The club with the highest turnover is record champion Juventus Turin, who reported revenues of €422.4 million but is also heavily in debt. The debt of the Turin club, listed on the Milan Stock Exchange, amounts to 524 million euros. Inter Milan ranked second in the ranking of the most indebted clubs with a debt mountain of 472.3 million euros.