Lent.az
UEFA's annual report provides information on the financial sustainability of European clubs. According to the report, the overall pre-tax revenue of clubs in the top leagues was negative in 2025, even though their total revenue approached €30 billion for the first time in history.
According to Lent.az, citing foreign media, UEFA states that the main growth factors are the increase in revenue from sponsorships, transfers, and rewards related to participation in European competitions.
However, operating expenses have also increased in parallel with revenues. Player salaries increased by 4.8%, while non-salary operating expenses accounted for 36% of total revenue, reaching their highest level in the last 15 years.
Despite the increase in total revenue, the overall losses of the leagues still remain significant. The report includes data on some championships: losses for clubs in La Liga amounted to €296 million, Serie A losses were €255 million, France had €112 million, and Greece €92 million.
At the same time, the large losses of a small number of clubs hide the fact that approximately two-thirds of the teams submitting reports ended the year with a profit. UEFA also recorded 29 deals related to changes in club ownership in 2025, a third consecutive decline in this indicator. The organization attributes this decrease to private investors switching to buying minority stakes, structured capital, and private loans.
