Friday briefing: FIGC report: Serie A clubs’ losses fell 37 per cent to €864 million in 2022/23

Serie A clubs reduced their combined losses to €864 million in the 2022/23 financial year, down 37 per cent from €1.4 billion in 2021/22, according to the latest financial report from the Italian Football Federation (FIGC).

The aggregate deficit was eased thanks to record total revenues of €3.5 billion, up 16 per cent on the €3 billion earned the previous year. The 2022/23 figure beat the previous highest amount of €3.4 billion generated in 2018/19.

The report highlighted the impa