Don't look now, but European football is edging towards a break-even point. And we're talking the European game as a whole, more than 700 clubs across UEFA's 55 member nations and not just the top echelon we keep hearing about.
According to UEFA's eighth annual benchmarking report -- basically, a fine-tooth study of the club game -- losses in 2015 amounted to around $360 million. In 2011, they stood at $2,314 million -- or $2.3 billion with a "B." In other words, the past four years have seen an annual drop in losses and a cumulative decline of 84 percent.