UEFA says clubs show record losses
February 4, 2013
By Associated Press
A report shows losses by top division clubs tripled over five years to a record $2.3 billion, and the cost of paying players leapt 40 percent to $11.2 billion.
But in the 2011 financial year, UEFA found the total debt of the 654 clubs' accounts analyzed dropped by around 10 percent to $10.5 billion.
However, 62 percent ...