Who scored in the Balance Sheet?
The 2023–2024 Serie A season represented a key moment for Italian football clubs financially, marked by solid revenue growth across the league. The collective revenue for the 20 Serie A clubs reached a record €3.8 billion, up from €3.5 billion (+8,6%) in the previous season. This shows that the league is continuing to grow and recover strongly after the pandemic.
Revenue Streams Breakdown:
- Broadcasting rights: The main source of income was still broadcasting rights, which brought in about €1.48 billion. This amount stayed steady compared to the 2022–2023 season, showing that Serie A remains strong in the media market.
- Commercial revenues: Commercial revenues rose by 8% to €814 million, thanks to enhanced sponsorship deals, increased merchandise sales, and the growing global visibility of clubs through international partnerships and marketing campaigns. This growth underscores the clubs’ enhanced marketing strategies and expanded sponsorship deals.
- Matchday revenues: Income from ticket sales and stadium attendance remained steady at €411.2 million, highlighting a return to normalcy in fan engagement post-COVID19 restrictions.
Financial Performance of Top Clubs by Revenue:
AC Milan, Juventus, Inter Milan and Napoli are the most successful and internationally recognized Italian clubs, and their financial decisions have a significant impact on the overall economic landscape of Serie A.
| Club | Revenue(€ million) | Net Profit / (Loss)(€ million) | Key Notes |
| Inter Milan | 473.2 | –35.7 | Highest revenue in Serie A; strong commercial income; losses reduced via Oaktree capital boost |
| AC Milan | 456.9 | +4.1 | Second consecutive profit; boosted by Tonali transfer and commercial growth |
| Juventus | 394.6 | –199.2 | Heaviest loss; absence from European cups impacted revenue; still leads in commercial income |
| Napoli | 328.2 | +63.0 | Highest net profit in the league; strong cost control |
Overall Financial Health:
The aggregate net loss for Serie A clubs in the 2023-2024 season was €369.4 million, an improvement from the €441 million loss in the previous season. Seven clubs reported profits: Napoli led with a profit of €63.029 million, followed by Lazio (€38.494 million) and Lecce (€13.983 million).
The increase in revenues is a positive indicator, but the persistent high costs, particularly player wages and transfer fees, continue to challenge the financial sustainability of many clubs. The ongoing efforts to balance expenditure with income will be crucial for the long-term economic health of the Serie A League.
by Maddalena Loro
Data sourced from: calcioefinanza.it
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