Monday, September 04, 2006

Italian Football Saga hit's the pockets

Italy's match-fixing scandal will cost the Serie A one quarter of its income this season, according to a study published Monday in the financial daily il Sole-24 Ore.

The Serie A is predicted to lose Ç300 million ($386 million) and drop from the second- to the third-richest European league, with projected receipts of Ç1.2 billion (US$1.54 billion) in 2006-07.

The Bundesliga will profit from Germany's successful World Cup and rise to second with Ç1.35 billion ($1.73 billion) expected, according to a study by the Stageup sports business research firm.

England's Premier League will remain the richest European league with Ç2 billion (US$2.56 billion) in projected receipts - Ç340 million (US$435.78 million) from merchandising alone.

The Spanish league is fourth with Ç1.1 billion (US$1.41 billion), while the French is fifth with Ç980 million (US$1.25 billion).

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