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Rome, February 3, 2026 – Serie A clubs are carrying a combined debt of €4.89 billion as of June 30, 2025, a slight increase from the €4.72 billion recorded in the 2023/24 season. This uptick interrupts a period of relative financial stability and brings Italian football’s debt levels back to their highest point in five years, though still below the peaks seen during the COVID-19 pandemic.But which clubs are feeling the biggest financial strain?
Financial Pressures Mount Across Serie A
A look at the rising debt levels of Italy’s top football clubs.
- Juventus leads Serie A with over €740 million in debt.
- Inter’s debt has decreased despite overall league increases.
- Roma, milan, and Genoa also face significant financial burdens.
- Napoli and Venice demonstrate strong liquidity positions.
Juventus tops the list with a staggering €740.3 million in gross debt, significantly ahead of Inter (€488.2 million) and roma (€348.8 million).milan’s gross debt is reported at €391 million (including roughly €135 million for factoring and €139 million related to market credits), trailed by Lazio (€303 million) and Napoli (approximately €300 million, with around €173 million tied to market credits). Genoa (€284 million), Atalanta (€269 million), and Bologna (€156 million) also carry significant debt loads. At the lower end of the spectrum, Venice and Lecce report gross debts of €65.3 million and €56.5 million,respectively.
Net Financial Debt: A Closer Look
While gross debt provides a broad overview, net financial debt-calculated by subtracting liquid assets from financial debts-offers a more precise picture of a club’s financial exposure. This metric is crucial for assessing a club’s immediate ability to meet its financial obligations and is a key consideration in UEFA’s economic sustainability evaluations.
Juventus remains the most financially exposed club in Serie A when considering net financial debt, with a value of €302.8 million, an increase from the previous year, largely due to factoring.Inter follows with €248.4 million, a decrease aided by liquidity exceeding €118 million. Roma holds the third-highest net financial debt at €153.4 million, with Genoa (€140.6 million) and Milan (€108.1 million) rounding out the top five.
Verona (€89.3 million), Lazio (€66.3 million), and Udinese (€56.5 million) trail behind. Several clubs demonstrate low net debt: Atalanta (€11.1 million) and Bologna (€10.8 million), while Lecce’s net debt is just over €3 million. Interestingly, some
