Wages Up And Losses Down In Europe

[Folami David]

Footballers' wages have continued to rise in Europe although clubs are losing less money than before, European soccer's governing body Uefa said on Friday.
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Secretary general Gianni Infantino said that the figures were the latest sign that Uefa's financial fair play policy, intended to force clubs to rein in spending, is having an effect.
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Infantino said that players' wages had gone up by an average of 6.5 percent in the latest financial year while clubs' revenue had increased by 6.9 percent.
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"In this climate in Europe, a business which has increased by seven per cent in one year is impressive and wages have increased less than revenue,". Infantino told a news conference.
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He said that Uefa's latest report, to be published next month, will show that the total overdue payments among the 237 clubs in European competition has been cut from 57 million euros ($75.38 million) in 2011 to 9 million euros this year.
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He said that clubs were also losing less money. In the last financial year, Europe's 725 first division clubs lost 1.066 billion euros between them, compared to 1.7 billion on the previous year.
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"This represents a 36 percent decrease of the losses in one year," he said. "The clubs are getting the message."
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Under the financial fair play rules, clubs must not spend more than they generate through revenue such as television rights, tickets and sponsorship.
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The measures are intended to stop clubs spending their way to oblivion and also prevent cash injections from rich owners at some clubs from distorting the market.
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Clubs who do not comply could be kicked out of European competition, starting from next season.
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"This year is the first year that break-even result will be examined in detail, so the majority of clubs have really paid attention and are moving in the right direction," said Infantino.

[Shola Sholaz]

Well that will surely happen once in a while so i'm very much used to it. Let's just see how they'll fare now..