Premier League clubs enjoy record revenues but suffer losses

Alternative PL Team of the Year featuring snubbed Arsenal Chelsea and Man Utd stars would crush PFA XI in a game

	Posted by Andy Morris

Figures from Deloitte show that Premier League football clubs in England saw a combined loss of £110m in 2015/16 despite seeing record revenues.

With revenue set to surge again in 2016-17, however, these figures may turn out to be a temporary setback.

"However, it is worth noting that this is due to a small number of one-off "exceptional" costs, and we fully expect that the Premier League's new three-year broadcast rights deal will see a return to record levels of profitability in the 2016-17 season".

In its annual study of football finances, this time for the years 2015/16, Deloitte noted a 12 per cent climb in Premier League wage costs - to £2.3bn - and revenue growth of ten per cent. Exceptional costs amounted to £110 million, a similar sum to the combined pre-tax loss.

The record revenues were nine percent higher than the previous top total of £3.4 billion posted in the 2014-15 campaign, with Manchester United and Manchester City responsible for more than half of the rise.

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Record Manchester United earnings and Manchester City's Champions League run were key to Premier League clubs' revenue hitting an all-time high in 2015-16, according to business advisory firm Deloitte. It was an increase of £200 million, or 9%, on the same period previous year - and the Manchester clubs were responsible for half of this.

Last season's revenue growth was driven by local rivals Manchester United and Manchester City, who jointly contributed 50 per cent of the increase in income across the division.

"It means that clubs will enjoy a growth in that most traditional of revenue streams, namely matchday income", said Mr Jones.

In addition, gross transfer spend in 2015-16 was a record, although this has since been surpassed by player spending in the 2016-17 season reaching nearly £1.4bn - eclipsing the previous high by one-third.

In 2015-16 wages accounted for 64% of income, compared with 71% in 2012-13 and 69% in 2009-10. Operating profits remained relatively stable at £500m.

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