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Фото: Yves Herman / Reuters
According to Uefa, Chelsea’s losses were more than double the second-worst in Europe, the £171m posted by Lyon. The figures are also about £260m worse than those posted by the Blues in 2023-24.
聚合模式进一步放大了这一问题。聚合平台并不直接创造新的交易空间，而是在既有平台之上叠加新的分发层级。每一层抽成都各自合理，但多层叠加后，整体利润空间被显著压缩，使抽佣的边际收益更早触及上限。