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Debt mountain in Italy grows and grows

International: Debt mountain in Italy grows and grows

The mountain of debt in Italian football continues to grow and amounts to 3.9 billion euros after the 2017/18 season, which is 7.1 percent more than after the 2016/17 season.

Compared to the 2015/16 championship, debt even climbed by 18.2 percent. This was announced by the Italian Football Association in a report published in Rome on Tuesday entitled ReportCalcio.

In the 2017/18 season, the sales of the 20 first division clubs climbed by 6 percent to a record high of 3.5 billion Euro compared to the 2016/17 season. However, the difference between large and small Series A clubs is considered problematic.

Five top clubs – Juventus Turin, Inter Milan, AS Rome, AC Milan and SSC Naples – alone generated 54 percent of Series A sales. The five smallest clubs, on the other hand, accounted for only 7 per cent of championship turnover.

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