European soccer's Messi finances

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LONDON : The departure of six-time Ballon d'Or winner Lionel Messi from Barcelona has confirmed what many fans have feared for years - star player wages are now so stratospheric that they risk bankrupting even the grandest clubs. The charts below show some of the mind-boggling numbers involved in the worl

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LONDON : The departure of six-time Ballon d'Or winner Lionel Messi from Barcelona has confirmed what many fans have feared for years - star player wages are now so stratospheric that they risk bankrupting even the grandest clubs.

A decade ago, wages in the Big Five leagues added up to around 5.6 billion euros , Deloitte estimates. Wage-to-revenue ratios - the money clubs pay players and other staff - amounted to 51per cent in Germany, 70per cent in the Premier League and 75per cent in Italy's Serie A and France's Ligue 1.COVID-19 and empty stadiums though meant the leagues' revenues fell by an average of 11per cent.

Graphic:Revenue growth of Europe's 'Big 5' soccer leagues - https://fingfx.thomsonreuters.com/gfx/mkt/rlgvdzqznvo/Pastedper cent20imageper cent201619093328235.png That was down from 9.3 billion euros in 2018/19, and although it is partly distorted by the fact COVID-19 led to some broadcast revenues being pushed back into the next accounting year, the pandemic is estimated to have cost those 20 clubs over 2 billion euros in missed revenue so far.

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