Ranking: Who has accumulated the highest profit and loss since 2015/16?

24 September 2021

AC Milan
Photo: Alamy AC Milan CEO Ivan Gazidis and technical director Paolo Maldini during a Serie A match. Since 2015/16 the club have recorded an accumulated loss of €574 million.

The last couple of seasons have been rough for many clubs, with the pandemic hampering revenue streams and the transfer market slowing down. However, even before the impact of the pandemic, running a football club profitably has proved to be difficult.

Off The Pitch has analysed 217 clubs’ net income for the last five years to see which clubs have accumulated the biggest profits and losses during the period. 

In total, the 217 clubs have a combined loss of almost €3.8 billion since 2015/16. But which clubs have the largest loss? And which have managed to accumulate a profit?

Emil Hauge, analyst hauge@offthepitch.com

Running a football club is far from a profitable business, and less than half of 217 European clubs posted accumulated positive net income over the last five years. 

Looking at the 20 clubs with the biggest accumulated losses, AC Milan tops the list with a total deficit of €574 million. The former Italian powerhouse has not come close to the Scudetto for almost a decade, and its financial performance off the pitch has not been great either - just last year the club recorded a €194.6 million loss.

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