The loss, which was broadly in line with forecast, came on revenue of €4.05 billion (£3.54 billion/$4.4 billion).

Media rights made up the lion's share of incomings, generating €3.42 billion (£2.99 billion/$3.73 billion), with commercial rights chipping in a further €533.7 million (£467 million/$581.7 million).

By far the largest chunk of revenue was paid out to teams participating in UEFA competitions.

This accounted for €3.27 billion (£2.86 billion/$3.56 billion), with €2.1 billion (£1.84 billion/$2.3 billion) of this - up from €1.93 billion (£1.69 billion/$2.1 billion) the previous season - earmarked for flagship Champions League participants.

A total of €483.8 million (£423.3 million/$527.3 million) - down from €550.3 million (£481.5 million/$599.8 million) - went to clubs taking part in the Europa League, while the new Europa Conference League triggered payments of €244.5 million (£213.9 million/$266.5 million).

The corresponding figure for European qualifiers, the Nations League and friendlies was assessed at €402 million (£351.75 million/$438.2 million).

Distributions linked to the women's Champions League amounted to just €18.4 million (£16.1 million/$20 million) - a jump, nonetheless, from the €6.6 million (£5.78 million/$7.2 million) paid out in 2020-2021.

The next biggest cost centre was solidarity payments at €301.7 million (£264 million/$328.9 million), followed by event expenses of €260 million (£227.5 million/$283.4 million).

Employee salaries and benefits absorbed a further €131.1 million (£114.7 million/$142.9 million).

Referees and match officers cost €41.8 million (£36.6 million/$45.6 million), while financial items and taxes accounted for a gain of €41.2 million (£36 million/$44.9 million).

Aleksander Čeferin was re-elected unopposed as UEFA President at the organisation's Congress yesterday.