Thursday 06 June 2013
The 22nd edition of the Annual Review of Football Finance by Deloitte has been published and it has found that the revenue of clubs in the Barclays Premier League reached a record level of £2.36bn in the 2011/12 season.
This level of revenue, the report said, was the highest of any league in Europe in 2011/12, followed by Germany (£1.5 billion), Spain (£1.4bn), Italy (£1.3bn) and France (£0.9bn).
The report also found that the average league capacity utilisation at Premier League clubs of 95% in 2012/13 was the highest level recorded in the history of the competition and it marked the 16th consecutive season with the stadium occupancy above 90%.
“The combined revenue of the Premier League clubs increased by 4% to almost £2.4bn”
"Despite operating in a challenging economic environment, English club football's profile, exposure and increasingly global interest have continued to drive revenue growth for the top clubs," Dan Jones, partner in the Sports Business Group at Deloitte, said. "The combined revenue of the Premier League clubs increased by 4% to almost £2.4bn, with another year of impressive commercial revenue growth, largely focused among the highest-ranked Premier League clubs, and relatively stable matchday and broadcast revenues."
Deloitte predict continued growth in revenue for the Premier League clubs in the season just finished and for next season, too.
"Premier League clubs' revenue is estimated to have grown by a further 5% to £2.5bn in 2012/13," Adam Bull, senior consultant in the Sports Business Group at Deloitte, said. "There will then be a significant increase of around £600m, almost 25%, in 2013/14, with the first season of the Premier League's new broadcast deals, taking the projected revenue of Premier League clubs above £3bn for the first time."
These improved revenues, along with the introduction of new financial regulations from next season are set to benefit the game and the clubs, the report said.
"The successful implementation of financial rules, coupled with the imminent boost to broadcast revenues, could provide huge benefits to the long-term development, growth and stability of the game and its clubs”
"The Premier League clubs have agreed to a system of enhanced financial regulations, designed to improve the sustainability of its clubs," Alan Switzer, Director in the Sports Business Group at Deloitte, said. "The successful implementation of these rules, coupled with the imminent boost to broadcast revenues, could provide huge benefits to the long-term development, growth and stability of the game and its clubs."
For the new financial regulations for Premier League clubs click here>>
The report also highlighted that Government's tax take from the top 92 professional football clubs was around £1.3bn in 2011/12 and that the amount spent on wages by the clubs in 2011/12 increased by £64m (4%) to £1.7bn. The "huge investment" in facilities carried over the past two decades by clubs in the Barclays Premier League was reflected in the clubs carrying value of tangible fixed assets of almost £1.9 billion, said the report.