The annual review documents the business and commercial performance of English professional football, along with some of the top leagues across Europe. Deloitte said the Premier League had been widening the gap from its nearest rival the German Bundesliga to over 1bn.
Combined revenues rose 29 per cent to 3.26bn, with clubs making pre-tax profits of 187m, the first since 1999.
League revenues were also more than those in Spain and Italy’s top divisions combined.
In terms of pre-tax profits, this broke the past record by nearly 430m operating profits increased by 532m to 614m, an increase of 649 per cent.
Deloitte said increased TV monies and Financial Fair Play rules were beginning to take effect. The results would have been boosted by the first year of a new broadcasting rights cycle. Alan Switzer, director at Deloitte’s Sports Business Group said the clubs now generate so much revenue that all 20 clubs are in the top 40 revenue earners in the world .
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The cycle of broadcast deals currently makes over 5.5bn in domestic and overseas rights fees, which continues to keep the Premier League ahead of its European rivals. Live rights deals are to rise even further from 2016-17 supposedly at least 70 per cent higher than the current deal which is likely to strengthen this further.
Broadcast income accounted for 78 per cent of the overall growth in revenue in the Premier League and 54 per cent of the league’s total revenue.
Dan Jones, head of Deloitte’s Sports Business Group, said: The transformation of Premier League club profitability will fuel even greater global investor interest in Premier League clubs.
He reinforced how far ahead the top English league was compared to other European leagues. Even the club receiving the least from domestic league broadcast distributions earned more from this source than all but five other European clubs , Jones said.
Those included Real Madrid and Barcelona, Juventus and the two Milan clubs.
The report pointed to Spain’s La Liga moving ever closer to the collective selling of broadcast rights intended to deliver more equal and increased revenues across the league, rather than just Barcelona and Real Madrid monopolising it. The two biggest Spanish clubs currently earn around ten times the TV revenue of the rest of the teams competing in La Liga.
Tottenham Hotspur recorded the highest-ever pre-tax profit in the division at 80m, boosted by the well-publicised world-record 85m transfer of winger Gareth Bale to Real Madrid in the summer of 2013. The club also had a 22 per cent revenue increase to 180.5m.
The six London clubs saw at least 93 per cent stadium capacity recorded across the board.
Manchester United’s revenue figure was the highest of the English clubs at 433.2m. Manchester City and this year’s Premier League winners Chelsea with 348.3m and 324.4m respectively.
Jones said that while the top of English football was doing well financially, this had yet to translate into success in the Champions League no Premier League team has reached the final since 2012.
The Financial Fair Play also looked to be making an impact on results as the league’s wages to revenue ratio fell from 71 per cent to 58 per cent, which was the lowest since the 1998/99 season.