Median income of first division clubs was €2.5m in 2012

European first division clubs had a combined revenue of €14.1bn in the 2011-2012 season (or 2012 in the championships that take place during the calendar year), according to the 6^th Club Licensing Benchmarking Report published by UEFA (Union of European Football Associations) on 17/04/2014.

This figure excludes capital gains from the sale of players and financial income, and represents an increase of 7% compared to the previous financial year (the figure was €13.2bn in 2011). From 2008 to 2012 (the five previous financial years studied by UEFA), the combined revenue of the 53 European top divisions increased by 42% (Gibraltar, the 54^th UEFA federation member, only joined the European body on 24/05/2013).

Within the European Top 5 (England, Germany, Spain, Italy and France), the Premier League clubs have seen their turnover increase by 53% in the last five years, while Liga BBVA increased by 43% and Bundesliga by 42%. They were followed by clubs in Serie A (+33%) and Ligue 1 (+19%).

Of the 728 clubs studied by UEFA, 32 had a turnover of more than €100m from sales in 2011-12, and 269…