European clubs lose €1.6billion
EUROPE'S top-flight clubs have reported annual losses totalling a jaw-dropping €1.6billion, UEFA’s latest club licensing report has revealed.
The latest figures, for 2010, show overall losses from the leading leagues around the continent are up from €1.2billion the year before – a 36% rise.
UEFA said there were some positive changes including a 6.6% rise in overall income, a small drop in the proportion of clubs’ revenue going on players’ wages, and an increase in the number of home-grown players in the Champions League.
The European governing body said the findings of the club licensing benchmarking report will take on “an increasing significance” with the financial fair play rules starting to be measured from this season and implemented for European competitions in the 2013/14 season.
Portsmouth, meanwhile, are once again facing an uncertain future after the British Revenue issued a winding-up petition against the club over an unpaid tax bill. Sources confirmed last night that the petition over the unpaid bill, which the club’s administrator says is for the amount of £1.6million, had been sent to the troubled Championship club.
Bohemians mourn loss of CrowtherTHE Dublin football community is today morning the loss of Donal Crowther, a long-serving official of Bohemians and the League of Ireland, who was also a long-standing employee of Independent Newspapers.
Donal was a lifelong Bohemians supporter and he served as secretary of the Dublin club for almost a decade, while also working full time in the print works here in Independent Newspapers. After retiring from our offices in Abbey Street, he was brought into FAI circles as Executive Secretary of the League of Ireland – then called the National League – in 1998 and retired in 2002. Donal will be sadly missed by his many friends, not just in Dalymount Park but across the game.