Third-party owned stadiums standing in the way of Italian clubs' growth
15 June 2020
Just three out of 20 Serie A clubs own their stadiums, driving an increasing gap between the Italian top flight and the rest of Europe's major leagues.
As most venues are municipality-owned, local bureaucracy and political infighting make it difficult for clubs to get planning permission for modernisation or building new venues.
Clubs need to start investing in infrastructure rather than starting over again every year through the transfer market, according to KPMG.
KPMG's latest annual club valuation report revealed a worrying trend for Italian clubs. They are falling behind the rest of Europe. For the first time since recording started five years ago, no Serie A club were among the ten most valuable on the continent - as Juventus dropped out to make way for PSG.
One major factor driving the divide, according to manager at KPMG's Sports Advisory Practice Antonio Di Cianni, is the fact that just three out of 20 clubs own their stadiums.
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