The UEFA Champions League, the most popular club football competition, has been growing in global popularity over the past few years.
Despite the rise in global awareness of the competition, Europe s top football club s, who are regular participants in the Champions League, having been losing money faster than Usain Bolt can run 100 meters.
According to UEFA s 2010 club licensing report, which has just been released, Europe s top clubs lost about €1.6 billion in 2010.
“Net losses have increased in European football every year since 2006, said UEFA general secretary Gianni Infantino.
Income has grown but so have losses.
“In two years from 2008 to 2010 net losses have increased by €1bn. In 2006 losses were just €216m.
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