Guest Editor’s Note: The Financial Crisis in European Football: Proceedings of the Conference on Football and Finance, pp. 27

Bernd Frick

The revenues of professional football clubs in Europe have increased enormously over the last decades. The big five European leagues (England, France, Germany, Italy, and Spain) in 2007-08 generated revenues of almost €10 billion, of which €3 billion have to be attributed to the English Premier League and €1.8 billion each to the Spanish “La Liga,” the Italian “Serie A,” and the German “Bundesliga.”