Italian football has not really recovered after the years of crisis. For the 2024-2025 financial year, the accounts of Serie A clubs remain generally in deficit, with a total of around 360 million euros in losses. A figure all the more striking as the championship has, at the same time, broken a record, that of capital gains made on the transfer market.
The problem is that this oxygen balloon does not compensate for another curve, much more worrying, that of expenses. Salaries are reaching an unprecedented level, while “characteristic” revenues are stagnating, according to club-by-club financial data. As a result, 13 teams out of 20 still finished the season in negative territory, proof of a model that is struggling to improve despite the increase in player sales.
Another point of tension, the weight of liabilities. The debt continues to weigh like a “macigno” on part of the championship, limiting the sporting room for maneuver and making each summer more dependent on capital gains.
In the detail of the balance sheets, certain cases stand out strongly, Como posts the biggest loss in the league, Atalanta continues to pile up profits, and Inter even signs the first profit in its history. Exceptions, in a landscape which remains largely under pressure.
