La Gazzetta dello Sport found only six Serie A clubs ran at a profit last year, while Inter lost €82.7m.
The newspaper published the results of its investigation today into the finances of clubs in the 2012-13 campaign.
They found only six sides avoided a deficit, while there are still huge debts all around the League.
Udinese are the best run club in Italy, making a profit of €32.3m in 2012-13, followed by Napoli with €8.1m.
The only other clubs to run at a profit were Chievo (€1.5m), Pescara (€1.3m before their relegation), Fiorentina (€1.2m) and Catania (€0.1m).
Inter hold the record for the worst accounts, as they ran at a loss of €82.7m in 2012-13. It’s still an improvement on the €89.8m losses from the previous season.
Juventus have the highest revenue, mainly thanks to owning their own stadium, with €274.8m, but also the second highest expenditure at €286.8m.
It means the Bianconeri still ran at a loss of €15.9m last season.
Of the other top clubs, Milan ran at a loss of €6.9m and had the most expenses at €324m, Lazio lost €5.9m and Roma €40.1m.
In terms of outstanding debts, Inter lead the way with €293m, followed by Juventus on €227.1m and Milan €221.6m.
The club with the lowest debt is Fiorentina on just €5.1m.