EconomicsItalyTier 1

The money in Serie A

What it takes to play in Serie A, what it pays, and how its clubs do.

↓ Serie B Clubs and owners in Serie A

Division revenue: €3.17bn; all clubs, 2023-24
Division net result: −€369.0m; all clubs, 2023-24
Average staff costs: €98.9m; wages and social charges, league total over all 20 clubs
Typical club revenue: €72.9m; median of 23 clubs' latest accounts at this tier
Typical club result: −€13.1m; median of 23 clubs' latest accounts at this tier

What it takes to play here

The 2026-27 rules from the league’s and federation’s own regulations, sorted by when they cost money.

Conditions, pay, squad, ground and reporting rules 4

Conditions

Requirements, not payments, though some can force an owner to put in money.

Multi-club ownershipno person may control, directly or indirectly, more than one professional clubart. 16 bis NOIF. Source: FIGC
Ownership approvala buyer of 10% or more must satisfy FIGC's integrity and financial-solidity requirementsart. 20 bis NOIF. Source: FIGC

Squad

Non-EU players2 non-EU professionals signed from abroad in the seasonclubs with more than two non-EU professionals at 30 June. Source: Lega Pro (Lega Serie C)

Ground

Stadium capacity12,000 seatsSource: Lega Pro (Lega Serie C)

Money in from the league and federation

Central payments to the division’s clubs, the latest season first. A maximum is the most a club can get, not what it received.

TV moneyreported€887.0m in all2025-26, paid by Lega Serie A. Legge Melandri: 50% equal shares; the rest by ranking and points, results over five seasons, history, TV audience and paying spectators (weights revised from 2024-25).Earlier: 2024-25 €900.0m in all.Sources: Calcio e Finanza, Calcio e Finanza

The division’s accounts

Every club in the division added together, from the league’s or federation’s annual report, season by season. The latest season is the brighter column.

Revenue, all clubs€3.17bn2023-24

TV money, all clubs€1.47bn2023-24

Staff costs, all clubs€1.98bn2023-24

Net result, all clubs−€369.0m2023-24

Clubs in profit35%2023-24

Average attendance31,1722023-24

Every line, season by season

All clubs together	2023-24	2022-23	2021-22	2020-21	2019-20
Revenue	€3.17bn	€2.96bn	€2.39bn	€2.72bn	€2.20bn
Value of production	€3.84bn	€3.62bn	€2.93bn	€3.13bn	€2.93bn
TV money	€1.47bn	€1.47bn	€1.21bn	€1.70bn	€1.17bn
Matchday	€414.0m	€410.7m	€218.0m	€21.1m	€229.5m
Commercial	€827.5m	€769.4m	€575.5m	€625.2m	€532.5m
Player sales	€670.5m	€656.0m	€541.3m	€408.7m	€725.4m
Staff costs	€1.98bn	€1.89bn	€1.92bn	€2.10bn	€1.62bn
Total spending	€3.09bn	€2.92bn	€2.84bn	€2.97bn	€2.46bn
Operating result	−€203.0m	−€252.0m	−€882.0m	−€995.0m	−€630.0m
Net result	−€369.0m	−€434.0m	−€1.00bn	−€1.11bn	−€746.0m
Equity	€559.0m	€401.0m	€472.0m	€622.0m	€603.0m
Liabilities	€4.73bn	€4.73bn	€4.92bn	€4.87bn	€4.77bn
Clubs in profit	35%
Average attendance	31,172	29,371	17,991	115	17,337

Source: FIGC (Centro Studi, with PwC and AREL)

A typical club here

Each club’s latest published figures, one dot a club, the white mark the median. Only clubs that publish are counted, so the sample may lean towards larger or better-run clubs.

What Serie A clubs earn and spend

Every figure a club or its league publishes, on one scale: what comes in, what goes out on staff, and the caps that limit it. Each lane says what its amounts are; a cap is not money spent.

Money in
Money out
A limit, not money spent

Revenueaccounts · 3 clubs

Value of productionaccounts · 17 clubs

Staff costsaccounts · 18 clubs

Contracted paycontracted · 7 clubs

Read as a table

Club	Revenue	Value of production	Staff costs	Contracted pay
Atalanta		€320.8m (2024-25)	€123.2m (2024-25)
Bologna		€224.2m (2024-25)	€84.1m (2024-25)
Cagliari		€70.8m (2024-25)	€39.0m (2024-25)
Como		€55.4m (2024-25)	€85.6m (2024-25)	€22.5m (2023-24)
Fiorentina		€198.6m (2024-25)	€94.7m (2024-25)
Frosinone	€46.3m (2018-19)			€10.6m (2025-26)
Genoa		€128.0m (2024-25)	€63.7m (2024-25)
Inter		€518.0m (2025-26)
Juventus	€474.7m (2025-26)		€235.1m (2025-26)
Lazio	€134.5m (2025-26)		€104.6m (2025-26)
Lecce		€107.9m (2024-25)	€42.1m (2024-25)	€11.6m (2021-22)
Milan		€494.5m (2024-25)	€188.7m (2024-25)
Monza		€72.5m (2025-26)	€53.2m (2025-26)	€32.7m (2025-26)
Napoli		€290.9m (2024-25)	€142.1m (2024-25)
Parma		€125.6m (2025-26)	€61.2m (2025-26)	€23.2m (2023-24)
Roma		€270.2m (2024-25)	€152.7m (2024-25)
Sassuolo		€70.7m (2025-26)	€59.1m (2025-26)	€33.4m (2024-25)
Torino		€122.5m (2025-26)	€68.9m (2025-26)
Udinese		€141.7m (2024-25)	€42.1m (2024-25)
Venezia		€51.8m (2024-25)	€48.6m (2024-25)	€28.3m (2025-26)