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?. Read more on football:
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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. Image: Shutterstock By Rebecca Smith
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