Rising incomes but persistent challenges: The state of European football's economy in 2022/23
IMAGO | Olympique Lyon are a good example of a club with growth in turnover and rising wages
Clubs of various sizes across different countries have released their annual accounts for 2022/23, providing an opportunity to assess the financial health of the European football industry.
The situation is evident: Clubs are returning to income growth, yet they continue to rely on a business model where profitability hinges on player sales.
Why it matters: Following years of financial impact due to Covid-19 on football clubs globally, the 2022/23 season marks the first anticipated return to normalcy.
The perspective: Financial sustainability was a major topic of discussion during the pandemic. However, following such a significant impact, the question remains: when will football evolve into a consistently profitable industry?
20 December 2023 - 1:02 PM
Last season marked the first time that European clubs were unaffected by the Covid-19 pandemic in any aspect. Over 40 clubs, ranging from major to smaller and mid-sized, from Off The Pitch’s financial database have shared their 2022/23 financial reports, offering insights into the financial status of European football.
In summary, clubs are once again experiencing an increase in income, although expenses are also rising. Let's delve deeper to examine the most significant trends.
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