Atletico Madrid

10 December 2021 - 1:30 PM



Analysis: Which of the big five European leagues is the most financially sustainable?

  • LaLiga’s economic controls appear to have had a substantial impact on financial sustainability, with Spanish clubs outperforming the other big five leagues on profitability metrics by miles. 
  • In the Premier League only four clubs had a positive EBIT-margin compared to 17 clubs in LaLiga in 2020.
  • The Premier League, Ligue 1 and Serie A in total accumulated a loss after tax of €2.1 billion in 2016/17 to 2019/20, while LaLiga and the Bundesliga made a combined profit of €870 million in the same period.
  • Smaller Spanish clubs in particular, such as Leganes, Getafe and Mallorca, seem to be very sustainable businesses displaying financial resilience despite critical shortages in income.

In 2013 the Spanish government and the Liga de Futbol Profesional (LFP) agreed to introduce a new set of financial fair play rules for Spanish football with the goal of ensuring long-term financial sustainability for the Spanish clubs. A group of analysts review the finances of all the clubs and, on the basis of that, establish a squad cost limit budget.

A look at the financials of recent years suggests LaLiga clubs have been more sustainable than their counterparts from the other b

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