UEFA: €600m reduction (36%) of net aggregate losses of European clubs in 2012 (report)

"I am pleased to report that after some difficult years there are some encouraging signs that club owners are taking their responsibilities seriously with the first improvement in club profitability reported for many years as the final requirements of FFP (Financial Fair Play) enter into force," said Michel Platini, President of UEFA (Union of European Football Associations), in the preamble of the 2013/14 benchmarking report, approved by the executive committee of the European body, on the 20/09/2013.

The benchmarking report presents financial and sporting data on competitions organised by UEFA and the clubs involved. Its findings include the 237 clubs in the Champions League and Europa League in 2013/14 and their financial results for the 2012 fiscal year.

"Despite very severe economic conditions affecting European markets for more than four years, football revenues have continued to grow. The aggregate revenue of the 237 competing clubs attained the level of €8.1bn, or 57% of the total €14.1bn reported in 2012 by the 700+ clubs competing in the top tier domestic competitions,…