Premier League Beats Record Revenue
The Premier League continues to go from strength to strength as clubs return to profit, reporting record revenues of £4.5billion through the 2016-17 season.
The Premier League’s television broadcasting deal has been an enormous factor in the revenue growth throughout the 2016-17 season, seeing more money coming in than ever before as interest rose in the globally respected league.
Included in this was an incredible £5.13billion which was given to the league from broadcasters Sky and BT in return for the 2016-19 broadcast rights in the UK, demonstrating the demand to view the thrilling league’s fixtures.
Speaking about the Premier League’s continuous growth, Head of Deloitte’s Sports Business Group, Dan Jones, said: “Despite the lack of growth in domestic broadcast deals announced to date, we still expect to see overall revenue growth in the coming seasons, and if this is complemented with prudent cost control, we expect that pre-tax profits will be achieved for the foreseeable future.”
With all 20 clubs making an operating profit and the collective revenue-to-wage ratio the lowest since the 1997-98 season, down from 63% to 55%, the future is looking bright for the Premier League.
Mr Jones concluded: “Although we anticipate wage costs will continue to rise in the coming seasons, we do not foresee increases to be at a level which can jeopardise the profitability of the Premier League as a whole.”