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7% to €29.5bn
- The European football market saw revenues grow by 7% to €29.5bn in the 2021/22 season (€27.6bn in 2020/21), according to the 32nd Annual Review of Football Finance published by Deloitte’s Sports Business Group.
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Jun 15, 2023 · The European football market grew revenues by 7% in 2021/22 to €29.5bn with the full return of fans to stadia; The ‘big five’ European leagues grew by 10% to €17.2bn, outperforming the pre-pandemic benchmark of €17bn in 2018/19; Wage costs across the ‘big five’ rose by 15% from 2018/19 to €12.3bn in 2021/22, causing aggregate ...
The European football market grew combined revenues by 10% (€2.4bn) in 2020/21 to €27.6bn - despite an almost complete absence of fans from stadia during the season – with the uplift largely driven by deferred broadcast revenues from the previous year and the success of the postponed UEFA EURO 2020 tournament.
- b) Basis of preparation of the financial statements
- c) Basis of consolidation
- d) Foreign currencies
- f) Revenue recognition
- g) Expenses
- h) Employee salaries and benefits
- i) Leases
- Solidarity
- Donations
- k) Financial income and costs
- l) Hedging activities
- m) Taxes
- n) Cash and cash equivalents
- o) Financial assets
- Long-term securities
- p) Property and equipment and intangible assets
- q) Payables
- r) Provisions
- Designated reserves
- t) Risk management
- Foreign currency risk
- COVID-19
- Foreign exchange policy
- 10. Information and communications technology
- 11. Employee salaries and benefits
- 12. Other expenses
- 14. Financial income
- 15. Financial costs
- 21. Property and equipment and intangible assets
- 22. Payables
- 23. Accrued expenses and deferred income
- Report of the Statutory Auditor
- 5. Accrued expenses and deferred income
- Joint liability
- Annik Jaton Hüni
The consolidated financial statements of UEFA and its subsidiaries (hereafter the group) are presented in euros (€/EUR), as this is the currency of the primary economic environment in which the group operates. Foreign operations are included in accordance with the policies set out in note d) (foreign currencies). The consolidated financial stat...
The consolidated financial statements of the group incorporate the financial statements of UEFA and the entities controlled by UEFA. Control is achieved where UEFA has the power, directly or indirectly, to govern the financial and operating policies of an entity so as to obtain benefits from its activities. This is the case where UEFA holds more...
The books of UEFA and its subsidiaries are kept in euros. Transactions in currencies other than the euro are recorded at the daily rate of exchange prevailing on the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary asse...
Revenue is recognised to the extent that it is probable that the group will derive economic benefit from it and that the revenue can be reliably measured. Football-related revenue consists primarily of the following items: media rights (e.g. broadcasting, satellite transmission and unilateral services, i.e. additional services provided to broadc...
Total expenses are the gross outflow of economic benefits that arise from the ordinary activity of organising an event as well as from UEFA administrative activities. Total expenses consist primarily of the following items: distribution to participating teams (clubs and associations) contributions to associations (member associations and other co...
Statutory retirement benefits are provided in the countries where the group operates. Payments made to statutory retirement benefit plans are recognised in the income statement as they fall due. The group has additionally set up a pension plan with defined contribution characteristics for all employees of its Swiss entities. This scheme also cover...
Leases where the group does not retain substantially all the risks and rewards of ownership of the assets are classified as operating leases. Operating lease expenditure is expensed on a straight-line basis over the lease terms. No assets are acquired under finance lease agreements.
Solidarity is recognised as an expense once the revenue financing these payments is secured, which means when the corresponding competition revenue is recognised as income. UEFA makes solidarity payments to associations and clubs for their activities, as stipulated in the respective regulations. This solidarity scheme is financed from two different...
UEFA makes donations to associations in distress as well as to other non-governmental organisations according to an approved portfolio structure. This includes the UEFA Foundation for Children. The expenses are recognised on an accrual basis in the income statement once communicated externally.
The financial income and financial costs positions include the following: financial income, consisting of interest income from interest-bearing assets, fair value gains on marketable securities as well as realised and unrealised foreign exchange gains from operating and investing activities; financial costs, comprising fair value losses from market...
Financial instruments held for hedging activities are recognised at their transaction date and offset against their underlying items. The value of unrealised hedging contracts as at the closing date is disclosed under Other notes to the financial statements.
UEFA’s corporate taxes in Switzerland conform with a tax ruling applying to international sports organisations located in the canton of Vaud. Its subsidiaries in Switzerland are taxed according to the rules and rulings applying to service companies. Subsidiaries in foreign countries are taxed according to the local rules and rulings. Tax expense...
Cash and cash equivalents include: cash in hand cash at bank deposits held at call with banks other short-term, highly liquid and easily convertible investments with original maturities of less than three months Cash in foreign currencies is the result of payments received from partners with whom contracts were concluded in foreign currencies. As...
Financial assets are recognised in the balance sheet as described below when the group becomes a party to the contractual provision of the instrument.
Long-term securities are recognised and derecognised on a trade date when the group commits to purchase or sell those securities. UEFA acquires only products issued by reputable institutions with a good rating and for which repayment at maturity is guaranteed at least at the level of the capital invested. These products held to maturity are re...
The group’s accounting policy with regard to tangible and intangible assets is as follows: Property and equipment: land, buildings, pitches, ofice equipment and computer hardware are stated in the balance sheet at historical cost less accumulated depreciation. Subsequent expenditure is capitalised only if it increases the future economic ben...
Payables are not interest bearing and are stated at their nominal value. Payables to associations are also recorded under payables in the balance sheet and represent mainly interest-free current accounts in favour of and at the disposal of UEFA member associations. The EURO pool is derived from European Football Championship final round earnin...
The group records provisions in the following situations: when it has an obligation, legal or constructive, to satisfy a claim and it is probable that an outflow of resources will be required; when a risk exists at balance sheet date: the corresponding risk provision is adjusted at year-end based on an internal analysis to match the group’s ris...
Funds reserved for future projects in favour of UEFA member associations Variable amount
The group’s activities expose it to a variety of financial (mainly foreign-currency-related) and non-financial risks. The group’s overall risk management programme also focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the group’s financial performance. Risk assessments are performed and define ...
UEFA incurs foreign currency risk primarily from future cash inflows from revenue denominated in a currency other than the euro, which is the base currency for future cash outflows such as distributions to participating teams, event expenses, development projects and solidarity payments. The major currencies giving rise to currency risk are the S...
UEFA’s management continues to evaluate the financial risks associated with the pandemic. Should future competitions have to be played with a limited number of spectators or even cancelled, this could result again in a decrease in revenue and reimbursements to football partners and ticket holders. Consequently, the corresponding distribution and ...
Consequently, return on investment is the third priority. Cash in foreign currencies is the result of payments received from partners with whom contracts were concluded in foreign currencies. As a result, the group performs a natural hedging of its foreign exchange exposure by endeavouring to match its currency portfolio with its liabilities in for...
Computer solutions comprise computer hardware, data storage, networks, help desks and enterprise software (e.g. FAME, ERP). They enable users to create, access, store and transmit information. The Web production total refers to costs related directly to UEFA websites. The total in the table does not include costs such as capitalised ICT investmen...
The accounting principles are explained in detail under note h) (employee salaries and benefits). Compensation to active members as well as post-service compensation to long-serving former members of the UEFA Executive Committee include withholding tax in accordance with Swiss law. The total number of employees shown as full-time equivalents is ...
Travel, hotels and daily allowances Consultancy, litigation and legal advice Outsourced translations and interpreters Ofice running expenses Building maintenance and security
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
Licensed Audit Expert Auditor in Charge Sophie Lambertz
UEFA Annual Report 2021/22. Women's EURO 2022: Game-changer. History-maker. Record-breaker. The highlight of the sporting summer, Women's EURO 2022 was living proof of how UEFA uses its ...
Jun 14, 2023 · BBC Sport. The Premier League established itself as the leader in the European football market in the 2021-22 season, an annual financial report by Deloitte has shown. The English top tier's...
Aug 17, 2022 · Key findings from Deloitte's annual review of football finance. The European football market grew combined revenue to £24.4bn in 2020-21 - up by 10% on the previous year. The Premier League...
In the 2021/22 season, the ‘big five’ European leagues generated record aggregate revenues of €17.2 billion, outperforming the pre-pandemic benchmark of €17 billion in 2018/19, driven by €815m growth in commercial revenues across that period.
