European clubs have been warned against “reckless” spending on player wages and transfer fees by UEFA president Aleksander Ceferin.A new UEFA report found just 12 clubs were responsible for two-thirds of the overall 1.9 billion euros (£1.7 billion) losses made by 144 clubs who reported financial results early for 2022.UEFA’s Club Licensing Benchmarking report released on Friday found that of the top-20 revenue-earning clubs in Europe who had already reported or estimated their 2022 financial figures, 16 of them had higher wage bills compared to the period before or during the Covid-19 pandemic.The report found Paris St Germain spent an eye-watering 729 million euros (£642.6m) on total staff wage costs in 2022, which the report said represented a wage-to-revenue ratio of 109 per cent.The French club, who agreed a lucrative new deal with Kylian Mbappe last year and also have Argentina’s World Cup-winning captain Lionel Messi on their books, were fined last September by UEFA for breaches of its new financial sustainability regulations. 1xbet
European clubs have been warned against “reckless” spending on player wages and transfer fees by UEFA president Aleksander Ceferin.A new UEFA report found just 12 clubs were responsible for two-thirds of the overall 1.9 billion euros (£1.7 billion) losses made by 144 clubs who reported financial results early for 2022.UEFA’s Club Licensing Benchmarking report released on Friday found that of the top-20 revenue-earning clubs in Europe who had already reported or estimated their 2022 financial figures, 16 of them had higher wage bills compared to the period before or during the Covid-19 pandemic.The report found Paris St Germain spent an eye-watering 729 million euros (£642.6m) on total staff wage costs in 2022, which the report said represented a wage-to-revenue ratio of 109 per cent.The French club, who agreed a lucrative new deal with Kylian Mbappe last year and also have Argentina’s World Cup-winning captain Lionel Messi on their books, were fined last September by UEFA for breaches of its new financial sustainability regulations. Paypal