"Breaking the ceiling": European club football on the verge of 30 billion euros in revenue, costs remain a key challenge

European club football continues its financial growth and in 2025 could exceed 30 billion euros in total revenue for the first time, according to data from UEFA's latest report on finance and investment in European club football.

However, revenue growth does not automatically lead to profitability growth, as operating costs remain high.

According to the European Club Finance and Investment Landscape report, revenues in 2025 are expected to surpass the record €28,6 billion in 2024, continuing a growth trend that has lasted for more than a decade. The document analyses key financial indicators, clubs' adaptation to market changes, as well as the challenges that come with the further globalization of football.

Since 2015, European club revenues have increased by more than €13 billion, thanks to increased revenues from UEFA competitions, television rights, commercial contracts and ticket sales. In the same period, transfer revenues increased by 211%, confirming the strong international demand for players from European leagues.

"The report provides a clear overview of the current financial state of European club football, but also the broader context of the development of the game over the last ten years," said UEFA President Aleksander Čeferin.

"After a challenging period, European football has entered a phase of stability, with realistic foundations for further development."

Costs remain a major challenge

Despite strong revenue growth, the report indicates that the financial picture remains complex. Operating costs continue to rise, especially in the non-playing staff salary segment. Technical, administrative, commercial and operational staff costs increased by 42% between 2021 and 2024, while other operating costs are estimated to account for around 36% of total revenue in 2025.

At the same time, player wage growth has slowed and stabilized at 2-3% per year, partly thanks to the introduction of team spending rules. Clubs have also improved contract management, reducing the number of players leaving the club without transfer compensation.

Return of operating profit, but with caution

The 2024 financial year saw top-flight clubs return to operating profitability for the first time in five years, largely thanks to a recovery in revenues and record transfer revenues. However, overall pre-tax losses still stood at €1,1 billion, indicating continued financial pressure on some clubs.

Investor interest remains strong. Although the number of ownership changes has stabilized at pre-pandemic levels, 2025 saw a record number of investment transactions - 123, including both men's and women's clubs.

Sustainable growth as a priority

Forecasts point to further growth in revenue, commercial activity and investment, but the report highlights that cost control, balanced growth and transparent governance are key factors for the long-term financial stability of European club football.