A recent study shows that operating revenue across Europe's 700 top-division football clubs grew significantly from €11.6 billion in the 2008/09 season to €28.6 billion in 2023/24.
Europe's wealthiest clubs have increasingly relied on commercial income, which now generates almost half of their total earnings. This heavy commercial reliance has helped underpin an expanding financial elite while widening the overall financial divide among clubs across the continent.
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