(Reuters) - UEFA president Aleksander Ceferin warned that many European clubs are 'compromising their economic sustainability' due to ever-increasing player wages which have risen on average by 16% compared to pre-pandemic levels.
FILE PHOTO: Soccer Football - 2030 World Cup bid - Portugal, Spain and Ukraine Press Conference - UEFA headquarters, Nyon, Switzerland - October 5, 2022 UEFA president Aleksander Ceferin and general secretary Theodore Theodoridis during the press conference REUTERS/Denis Balibouse
The report said revenue across nearly 150 clubs is up by an average of 4.6% while sponsor and commercial revenue was 13% higher than pre-pandemic levels after they missed out on seven billion euros during the pandemic. The report showed a 108% increase in player wages over the last 10 years and they have continued to rise since 2019 despite the revenue decreases during the pandemic.
"A combination of the start of the new uplifted English TV deal, new club investors and a balanced bottom half of Premier League table, appear to have fuelled record English club January window activity," UEFA's report said.
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