Premier League clubs suffer heavy losses
The 18 football clubs which played in the Dutch Premier League last season amassed a total debt of EUR 34 million.The Netherlands - The figures come from the Dutch Football Association (KNVB) and were published by the daily Financieel Dagblad. The KNVB says the main cause of last season's losses was the stagnation in the transfer market.
In the 2007/08 season the Dutch clubs made a record profit of 64 million, thanks to a number of expensive transfers of players to foreign clubs.
The total budget of the Premier League clubs for 2009/10 is around EUR 410 million, about the same as last season.
The biggest growth was experienced by AZ, the league champion, which saw its budget increase from EUR 28 to 40 million. This puts AZ above Feyenoord which has had to make the deepest cutbacks of all the traditional top clubs. Next season Feyenoord will be down from EUR 46 to 37 million.
PSV Eindhoven has cut four million euros putting it at 59 million. Ajax's budget stays the same at 65 million.
The new Dutch football season begins this evening with a match between SC Heerenveen and Roda JC.
Radio Netherlands / Expatica