According to the U.E.F.A report of 2008. The 18 clubs in the E.P.L. made the most losses among the Europen clubs, the second most highest looser was Spain. The country that made the most profit in europe that year was the german Bundesliga . The E.P.L loss was 3.5 billion pounds or 4 billion euros. Please note only 18 clubs were counted as both Porsmouth and west Ham did not have a licence that year from U.E.F.A due to their financial loss.
There are atotal of 714 clubs under U.E.F.A. The E.P.L made 11 percent profit mainly from television . But at the same time they were in 18 percent loss due to the very high wages paid to the players, and they want more take Joe Cole Chelsea arewilling to pay him in the new contract from 80,000 pounds a week to to 100,000 pounds, but he wants 120,000 punds and so has not sighned a new contract. Manchester United and Liverpool owners have taken huge loans to buy these clubs, a grand total of 1 billion pounds , between them. Both the American owners like us never saw the long recession comming as well.
47 percent of the clubs in Eorope have made a loss. And do not for get 2009 and 2010 report is left to come, which is not going to be any better either.
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