Record result for European soccer clubs with 1st-time profit

GENEVA (AP) — In a record result for European soccer, top-tier clubs combined to make a first-time profit of 600 million euros ($694 million) last year.

UEFA says its research of 711 clubs’ financial accounts ending in 2017 showed they turned around a 300-million euro loss ($347 million) the previous year.

Their total revenue of 20.1 billion euros ($23.2 billion) extended a trend of annual rises at around 10 percent.

UEFA says 27 of 54 top-tier divisions were profitable, up from eight in 2011 when it began monitoring accounts of all clubs entering the Champions League and Europa League.

UEFA President Aleksander Ceferin says: “Thanks to Financial Fair Play, European football is healthier than ever before.

Ceferin says monitoring “provided the platform for clubs to control their costs and pay their debts.”

___

More AP soccer: https://apnews.com/tag/apf-Soccer and https://twitter.com/AP_Sports

adwpadmin

adwpadmin

More News

STORMTRACKER 18 WEATHER
Osseo
62°
Menomonie
63°
Chetek
59°
Durand
66°
Ladysmith
Neillsville
60°
Rice Lake
New Richmond
58°
Black River Falls
Medford
56°
River Falls
59°
Duluth
55°
Green Bay
60°
La Crosse
66°
Madison
61°
Milwaukee
64°
Twin Cities
60°
Weather Outlook: Heavy rain and severe storms possible Thursday

Weather Outlook: Heavy rain and severe storms possible Thursday

A warm front lifts through the region tonight and tomorrow, bringing heavy rain. South of the front, there will be

Connect With WQOW
Top Stories

UPDATE: 4 from Loyal, including 3 kids, killed in Apostle Island kayak incident

Sheriff Michael Brennan said Erik Fryman, 39, and his kids 3, 6 and 9-years-old died. The mom, Cari Mews, 29,

NEW: Missing Mondovi man found dead Wednesday afternoon

According to Mondovi Police Chief Colin Severson, the department is looking or Nathan D. Kummer who was reported missing by

UPDATE: Gas leak contained in Boyd

Boyd's fire chief told News 18 crews were digging up a leaking water line at Double D's Saloon and workers

Sex offender faces new charges in Eau Claire

A convicted sex offender living in Eau Claire is charged with two counts of first degree sexual assault of a

UPDATE: Middleton shooter was employee of business where he opened fire

The Middlelton Police department sent a phone message to residents about an active shooter.

Scroll to top
Skip to content