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Record revenue for PL clubs

London, Apr 20 (Agencies)
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Published on 20 Apr. 2017 11:53 PM IST
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Premier League clubs saw revenues rise to a record £3.6bn in 2015-16, according to Deloitte, but posted pre-tax losses overall. The revenues generated represent a £0.2bn increase from 2014-15 (£3.4bn), the business advisory firm states, with Manchester United and Manchester City responsible for more than half of the rise. United’s revenue grew to £515m, which saw them top the Deloitte Football Money League for the first time since 2003-04 as the world’s highest revenue-generating club.
The 20 English top-flight clubs’ combined operating profits (excluding player transfers, net interest charges and the value of player contracts) remain at £0.5bn after wage costs increased by 12% to £2.3bn.
But after two consecutive seasons of pre-tax profits, the clubs were back in the red with pre-tax losses of £110m.
Dan Jones, partner and head of the Sports Business Group at Deloitte, said: “Our analysis reveals a return to pre-tax losses, following two consecutive years of pre-tax profits.”

 
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