Brazilian clubs lagging behind European counterparts in financial growth
A financial study by Sports Machine has revealed the gulf in monetary terms between some of the leading clubs in Europe and the relative paucity of those in Brazil.
Concentrating on the differences between Spanish and Brazilian sides, the report reveals that clubs from the South American country made a total of €764 million in the paat year, a figure that on its own sounds quite healthy.
But when one considers that Real Madrid and Barcelona alone pulled in over €1 billion in the same period, the chasm appears evident.
Furthermore, the gap will most likely widen in the future, with only four Brazilian outfits reporting a profit in the past 12 months; national champions Cruzeiro, Copa do Brasil winners Flamengo, Criciuma after their promotion from Serie B; and Atletico Mineiro, winners of the 2013 Copa Libertadores.