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EconomicsItalyTier 3

The money in Serie C

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

Fees every season
€60k
for a club already here
Guarantee every season
€350k
posted, not spent
Extra on arrival
€700k
guarantee and 2 more
Wage floor
€28.9k
gross a season, from age 24
Division revenue
€218.0m
all clubs, 2023-24
Division net result
−€124.0m
all clubs, 2023-24
Estimated staff costs
≈€4.22m
per club, estimated from the league's figures for all 46 clubs
Average value of production
€4.74m
league total over all 46 clubs, player sales included

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.

Paid every season

By every club in the league, whether it has just arrived or been here for years.

Guarantees, every season

Collateral posted each season. Not spent unless called; the cost is the bank's fee or the cash tied up.

  • Guarantee€350kSource: Lega Pro (Lega Serie C)
  • Supplementary guarantee: pay ceiling€1.00m gross pay a seasonSource: FIGC
  • Supplementary guarantee: share of pay above the ceiling40%Source: FIGC

Once, on arrival

Paid in the season a club joins, and again each time it comes back.

When a club goes up from here

Owed by a club promoted out of this league.

  • Payback on promotion€775k a season for three seasonsclubs promoted to Serie B through the play-offs. Source: Lega Pro (Lega Serie C)
  • Payback on promotion€516k a season for three seasonsclubs promoted to Serie B as girone winners. Source: Lega Pro (Lega Serie C)

When someone buys a stake

Put up by the buyer at the time of the purchase.

  • Guaranteebank guarantee proportional to the stake bought, covering the club's overdue sporting debts for the seasonbuyers of 10% or more of a club. art. 20 bis NOIF. Source: FIGC
  • Guaranteebank guarantee proportional to the stake, covering pay owed to players and staff to the end of the seasonbuyers of a majority (including relative majority) stake. art. 20 bis NOIF. Source: FIGC
Conditions, pay, squad, ground and reporting rules 14

Conditions

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

  • Liquidity test: exemption from the supplementary guarantee1 ratioSource: FIGC
  • Liquidity test0.8 ratioSource: Lega Pro (Lega Serie C)
  • Legal formsocietà di capitali (S.p.A. or S.r.l.)clubs admitted from Serie D. Source: Lega Pro (Lega Serie C)
  • 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

Pay and spending

Squad

Ground

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.

Youth developmentreported€4.00m in all2025-26, paid by FIGC. For Serie C clubs' academies (Riforma Zola). Source: TuttoC (reporting Italpress)
Mutualitàreported€27.0m in all2023-24, paid by Lega Serie A. For Lega Pro, which distributes part of it by young players' minutes (regolamento minutaggio). Source: 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.

Value of production, all clubs€218.0m2023-24
Staff costs, all clubs€194.0m2023-24, estimate
Net result, all clubs−€124.0m2023-24
Clubs in profit15%2023-24
Average attendance2,6942023-24
Every line, season by season
All clubs together2023-242022-232021-222020-212019-20
Value of production€218.0m€177.0m€148.0m€125.0m€147.0m
Matchday€23.0m€22.0m€19.0m€7.00m€21.0m
Commercial€87.0m€74.0m€64.0m€43.0m€44.0m
Player sales€26.0m€11.0m€6.00m€11.0m€6.00m
Staff costs€194.0m€159.3m€139.1m€130.0m€129.4m
Total spending€313.0m€263.0m€228.0m€215.0m€220.0m
Operating result−€119.0m−€104.0m−€95.0m−€100.0m−€97.0m
Net result−€124.0m−€100.0m−€92.0m−€99.0m−€97.0m
Equity−€2.00m−€5.00m−€4.00m€14.0m€8.00m
Liabilities€185.0m€158.0m€161.0m€124.0m€176.0m
Clubs in profit15%
Average attendance2,6942,0401,726222,580

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 C 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
Contracted paycontracted · 48 clubs

The scale is logarithmic: each step to the right is ten times the one before. Lanes with fewer than six clubs show their dots but no median.

Read as a table
ClubContracted pay
AlbinoLeffe€2.44m (2025-26)
Alcione€1.68m (2025-26)
Altamura€1.77m (2025-26)
Arzignano Valchiampo€1.24m (2025-26)
Audace Cerignola€3.69m (2025-26)
AZ Picerno€1.30m (2025-26)
Bari€12.9m (2025-26)
Campobasso€3.91m (2025-26)
Carpi€879k (2025-26)
Casarano€3.35m (2025-26)
Casertana€3.07m (2025-26)
Catania€14.2m (2025-26)
Cavese€1.96m (2025-26)
Cittadella€4.50m (2025-26)
Cosenza€4.99m (2025-26)
Crotone€5.17m (2025-26)
Dolomiti Bellunesi€2.09m (2025-26)
Foggia€2.74m (2025-26)
Forlì€1.32m (2025-26)
Giana Erminio€947k (2025-26)
Giugliano€2.25m (2025-26)
Gubbio€2.07m (2025-26)
Guidonia Montecelio€3.41m (2025-26)
Latina€2.01m (2025-26)
Lecco€3.82m (2025-26)
Livorno€2.60m (2025-26)
Lumezzane€2.32m (2025-26)
Monopoli€3.05m (2025-26)
Novara€4.10m (2025-26)
Ospitaletto€664k (2025-26)
Pergolettese€1.28m (2025-26)
Perugia€4.60m (2025-26)
Pescara€6.33m (2025-26)
Pianese€1.19m (2025-26)
Pineto€2.00m (2025-26)
Potenza€4.04m (2025-26)
Pro Vercelli€2.94m (2025-26)
Ravenna€4.66m (2025-26)
Reggiana€8.94m (2025-26)
Renate€1.66m (2025-26)
Salernitana€10.7m (2025-26)
Sambenedettese€1.80m (2025-26)
Sorrento€3.14m (2025-26)
Spezia€23.6m (2025-26)
Torres€3.16m (2025-26)
Trento€2.05m (2025-26)
Union Brescia€6.57m (2025-26)
Vis Pesaro€2.69m (2025-26)

7 of 7 clubs here lost money in their latest accounts

Each club's net result, profit to the right of zero and loss to the left.

  • Lost money
  • Broke even or made a profit
Net result7 clubs

Serie C against the tiers around it

Each club's revenue in its latest accounts, at the tier it played that season. Serie C is marked; the tiers above and below are shown for comparison.

Serie ATier 1 · 19 clubs
Serie BTier 2 · 4 clubs

The scale is logarithmic. Revenue excludes player sales.

Club by club

Each club’s latest published figures, largest first, with the season they cover. Figures compare only within the tier a club played in that season.

  • Contracted pay (contracted)

Going up or down

What the first season after a move did to clubs’ accounts, and how many returned to their previous tier or failed. Every move in Italy

  • Money in
  • Money out
  • Net result better
  • Net result worse

Serie B to Serie C

The first season after the move, on average per club (15 clubs, 2019-20 to 2023-24):

Value of production−€6.70m
Total spending−€6.90m
Net result+€1.30m
Source: FIGC (Centro Studi, with PwC and AREL)

Serie C to Serie B

The first season after the move, on average per club (21 clubs, 2019-20 to 2023-24):

Value of production+€8.20m
TV money+€1.80m
League and federation distributions+€3.60m
Matchday+€700k
Staff costs+€5.00m
Total spending+€6.20m
Net result−€200k
Source: FIGC (Centro Studi, with PwC and AREL)

Serie C to Serie D

37%failed afterwards100 clubs, 2010-11 to 2023-24

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

Serie D to Serie C

The first season after the move, on average per club (46 clubs, 2019-20 to 2023-24):

Value of production+€1.30m
League and federation distributions+€300k
Matchday+€100k
Staff costs+€1.20m
Total spending+€2.30m
Net result−€1.00m
Source: FIGC (Centro Studi, with PwC and AREL)