"With the glamour and opportunity also comes responsibility." Michel Platini
Category: Matt Scott
Published on Monday, 21 October 2013 23:37
Those were the words with which UEFA's president introduced its interim club-licensing benchmarking report. It is a study that makes for fascinating reading and, to a certain extent, Europe's top clubs have demonstrated they recognise the Platini creed.
Despite the ongoing economic crisis that has seized the global financial system since 2008, club revenues grew almost 7% year on year between 2011 and 2012, to €8.1 billion. It means that the combined incomes of the 237 UEFA-licensed clubs studied in the report have, on a compound basis, risen almost exactly a third - by 33.28% - since the financial crisis struck five years ago.
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