Bundesliga posts record revenues again

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FRANKFURT, Germany (AP) -- The Bundesliga has brought in record revenues for the eighth year in a row, clearing the €2 billion ($2.67 billion) mark for the first time.

The 18 first-division clubs had total sales of €2.08 billion ($2.77 billion) during the 2011-2012 season, an increase of 7.2 percent over the previous campaign.

The German Football League (DFL) says the clubs were left with €55 million ($73.32 million) in profit after taxes, with only four of the 18 making a loss.

The personnel costs have been reduced by 37.8 percent. A Bundesliga player earns on average €1.6 million ($2.13 million) per year.

Total debt has risen from €594 million ($791.8 million) to €623.8 million ($831.53 million), a low figure compared to other leagues.

The clubs employ 16,000 people and pay €800 million ($1.066 billion) in taxes.