Serie A kicks off its 2017-18 season this week, and while Italy's world-famous clubs are still in the league, something is missing.
It wasn't so long ago that Italy dominated Europe. Serie A was the financial powerhouse of European soccer, and its clubs ruled the Champions League. Now, Juventus has cruised to six consecutive titles, Italian clubs struggle in Europe, and famous names like AC Milan and Inter and Lazio have become also-rans.
It's worth wondering: What happened to Serie A?
The answer, as it always is in today's game, is a story of money, but the decline might have begun with a very Italian scandal. In 2006, just as Juventus was clinching the title, investigators uncovered a plot to fix a huge number of games by influencing which referees were assigned to them. "Calciopoli," as the Italians called the scandal, resulted in severe penalties. Juventus was stripped of the 2005 and 2006 titles and relegated to Serie B. Lazio, AC Milan, Fiorentina and Reggina suffered huge points deductions in the standings.
That's not the only thing that's gone wrong. Several clubs have gone bankrupt or lost their wealthy benefactors, and UEFA's new Financial Fair Play rules have tied the hands of any owner who might now buy in and spend beyond his means.
Perhaps more important, most Italian teams have struggled in vain to build their own stadiums. Even now, only a handful are owners rather than renters, which limits the amount of money that they can bring in on game days. As much as anything, Juventus could trace its recent success to the opening of its new stadium in 2011, while its traditional competitors, AC Milan and Inter (in Milan), and Roma and Lazio (in Rome) share crumbling government-owned stadiums.
With stadium revenue out of the picture, clubs have to turn to TV broadcast money and sponsorships. But here, too, Italian soccer is struggling. The bids for the league's TV contract, starting next season, were so underwhelming this summer that the league postponed the bidding until this fall.
Sponsorships, meanwhile, are down, in part because the limited broadcast opportunities for the league make sponsorships less enticing, but also because the Italian economy has suffered disaster after disaster. It seems inevitable now that Italy's poor governance would eventually have a negative effect on its treasured soccer league, and the economy has been another drag on the league as other European leagues have taken off.