PSV posted €17.5m loss last season
Football club PSV Eindhoven booked a loss of €17.5m in the 2009-2010 season while turnover fell from €73m to just under €52m, the club said on Friday.
The club said not being part of the Champions League had played a major role in the poor results as did increases in player’s salaries.
PSV did not qualify for the Champions League again this year, but is currently leading its group in the Europa League competition.
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