Date: 2 months ago   Category: Sport

The annual loss of UEFA was reduced by 25% — to €5 million — Rambler News Service


Net loss of the Union of European Football Associations following the results of a season 2017/18 made €5 million, having reduced in annual terms by 25.3%, follows from the annual reporting of UEFA. Consolidated revenues for the reporting period decreased by 1.6% to €2.78 billion. Income from broadcastings decreased by 2.5% to €2.26 billion. At the same time proceeds from sales of the rights for broadcast of the Champions League and the European Super Cup grew by 1% to €1.72 billion, and the Europa League — for 1.2% to €323.9 million. Proceeds from sales of the commercial rights — for 1% to €453.8 million. Sales of tickets made €23.4 million, having increased in annual terms by 16%, the Hospitality program brought UEFA of €14.8 million that is 17% less than a last year's indicator. Other revenue doubled and was €34.7 million. According to the program of distribution of revenues of UEFA the European football clubs received €2.06 billion that is 2.7% lower than a season 2016/17. Expenses on holding actions increased by 1.9% to €180 million. Payments to arbitrators grew by 4% to €33.7 million. Payments of salaries to the staff of UEFA were reduced by 0.03% to €83 million. The solidary payments to clubs directed selectively for development of soccer for children and young people increased by 1.7% to €273 million.

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