€4 BILLION - Manchester United lead way as Premier League revenue hits all-time high
Premier League clubs generated a record €4 billion (£3.2 billion) in combined revenue during the 2013-14 campaign.
In a survey conducted by Deloitte, the financial uplift of the first year of an increased broadcast deal saw top‑flight earnings break through the €4 billion barrier for the first time – an increase of 29 per cent (€1.1 million) on the 2012-13 campaign.
In Deloitte’s Annual Review of Football Finance, it has emerged that the Premier League surpassed the Bundesliga as Europe’s most profitable league. Manchester United endured their worst campaign in Premier League history by finishing seventh but still generated an all-time record operating profit of £117 million, while Tottenham Hotspur recorded their highest pre-tax profit, of £80 million.
Dan Jones, partner in the Sports Business Group at Deloitte, said: “The impact of the Premier League’s broadcast deal is clear to see. Broadcast income increased by £569 million in 2013-14, accounting for 78 per cent of the overall growth in revenue in the Premier League.
“In 2013-14 even the Premier League club receiving the least from domestic league broadcast distributions earned more from this source than all but five other European clubs.”
While Premier League finances continue to escalate, Deloitte reported a more worrying picture in the Championship, where overall revenue increased by 12 per cent to £491 million, but with clubs continuing to pay more in wages (£518 million) than they earned in revenue.
Through the four professional divisions, the Government’s tax take from the top 92 professional football clubs in 2013-14 was around £1.4 billion.