Losses worsen at Europe’s top football clubs

Losses at Europe’s top football clubs have worsened by 36% in 2010, prompting Uefa to issue a 'last wake-up call' to their owners if they are to avoid sanctions for breaching the governing body’s new financial fiar play rules.

Publishing its annual benchmark report on the football finances of more than 650 Europan clubs in January 2012, Uefa said losses at top clubs reached €1.6bn in 2010, compared with €1.2bn the previous year.

ESO: Background information: Football clubs ‘ignore’ cost constraints http://www.europeansources.info/record/football-clubs-ignore-cost-constraints/

UEFA: Financial Fair Play http://www.uefa.com/uefa/footballfirst/protectingthegame/financialfairplay/index.html

UEFA: Press Release, 25.1.12: Club licensing benchmarking report released http://www.uefa.com/uefa/footballfirst/protectingthegame/clublicensing/news/newsid=1744182.html

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