-5.3 C
February 9, 2023

League I: Financial disaster at Steaua

According to official documents, Steaua has not registered a profit since 2006 and lost EUR 17 M during 2006-2010, accumulating a debt of EUR 9 M, ‘Gazeta Sporturilor’ informs, quoting figures published by the Public Finances Ministry. Steaua lost money in 2006-2008 too, a period in which it earned EUR 40 M from its participation in the UEFA Champions League. Most money were lost because of bad transfers – the club bought expensive players that later left for free or for meager sums.

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