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European Soccer Clubs’ Losses Widen to $2.1 Billion in 2010

Top-level European soccer clubs’ losses widened by 36 percent to 1.6 billion euros ($2.1 billion) in the 2010 fiscal year, according to an audit of 665 teams by the sport’s regional governing body.

Sales rose 6.6 percent to 12.8 billion euros during the period and costs surged 1 billion euros to 14.4 billion euros, with 56 percent of clubs making a loss, Nyon, Switzerland-based UEFA told reporters today. The teams had debts of 8.4 billion euros, the group said.