davieG Posted 20 April 2017 Posted 20 April 2017 Quote By Bill WilsonBusiness reporter, BBC News 8 hours ago From the sectionBusiness These are external links and will open in a new window Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share Image copyrightGETTY IMAGES Image captionThe two Manchester clubs helped drive Premier League revenue growth Business of Sport Whyte trial to start later this week Clubs increase spending on agents by 38% Malaysia to drop off F1 calendar Liverpool fined and handed ban Premier League clubs posted record revenues of £3.6bn in 2015-16, but still struggled to make a profit. The 20 top-flight English teams made a pre-tax loss of £110m, after two consecutive seasons in the black, according to figures from Deloitte. Clubs saw increased player expenditure, operating costs and one-off charges. The two Manchester clubs' revenues increased by a total of £160m - roughly half of the total revenue growth recorded by the Premier League clubs. "The 2015-16 season saw Premier League clubs grow revenues by almost 10% ... with the two Manchester clubs alone responsible for more than 50% of the increase," said Dan Jones, head of the Sports Business Group at Deloitte. European income Mr Jones said Manchester United's participation in the 2015-16 Uefa Champions League, along with continued strong commercial revenue growth, resulted in a 30% increase in revenue to £515m, making them the world's highest revenue-generating club. "Increased distributions to clubs competing in Europe, under the new Uefa broadcast rights cycle - notably Manchester City, who reached the semi-finals of the Uefa Champions League - also contributed to Premier League clubs' revenue growth," Mr Jones added. Premier League 2015-16 in numbers (2014-15 in brackets) Revenues - £3.6bn (£3.4bn in 2014-15) Wage costs - £2.3bn (£2bn) Other operating costs - £900m (£800m) Operating profit - £500m (£500m) Net player trading - £400m (£300m) Other costs - £200m (£100m) 18 clubs made an operating profit 12 clubs made a pre-tax profit Source: Deloitte Analysis. Note: Figures subject to rounding Looking at the combined losses, the first since the 2012-13 season, he said it was "worth noting that this is due to a small number of one-off 'exceptional' costs". He said an example of these one-off items was Chelsea making a big financial provision against the early cancellation of their kit supply deal with Adidas. Stadium expansion Overall league revenues are set to be even higher in this season, thanks to the effects of the new television deal with Sky and BT, which kicked off last August and is worth a record £5.136bn for live Premier League TV rights over three seasons. "We continue to see television deals go up, and there is no reason to believe that will end any time soon," said Mr Jones. He said that as well as TV, there were other long-term revenue earners in the pipeline, principally the move by a number of clubs - including West Ham, Chelsea, Spurs, Liverpool, Everton and Manchester City - to expand their existing stadiums or move into bigger ones. Image copyrightGETTY IMAGES Image captionThe current improved Premier League TV deal will see club revenues continue to rise "It means that clubs will enjoy a growth in that most traditional of revenue streams, namely matchday income," said Mr Jones. Another highly touted source of future income for clubs has been digital, but Mr Jones said that rather than bringing in huge sums in its own right, digital could be used to enhance the clubs' existing commercial connections with fans and sponsors. And he said that at the top of the Premier League, clubs would constantly look to add to their global rosters of sponsors. However, one potential worrying sign for clubs is that player and wage costs were on the rise again in 2015-16, with gross transfer spending in 2015-16 at a record and salaries up by 12% to £2.3bn, Image copyrightGETTY IMAGES Image captionThe addition of a third tier to the Main Stand increased Liverpool's capacity 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 almost £1.4bn - eclipsing the previous high by one-third. But Mr Jones said that whereas in the past, the ratio of player wages to income rose steeply when a new TV deal was signed, this time, "it is reassuring to see that there is more balance." In 2015-16 wages accounted for 64% of income, compared with 71% in 2012-13 and 69% in 2009-10. Meanwhile, combined operating profits for 2015-16 - which strip out the effects of player trading, net interest charges and the changing value of player contracts - remained stable at £500m, the same as in the previous 2014-15 season. The PL need to take some sort of stand on player wages instead of pandering to agent/player demands whether that's by themselves or with cooperation from UEFA and FIFA.
AKCJ Posted 20 April 2017 Posted 20 April 2017 Inevitable. "more, more and more" is the Premier League's motto.
Clever Fox Posted 20 April 2017 Posted 20 April 2017 I wouldn't read too much into published Accounts. The real story is always in the detail. There's no incentive for Clubs to show a profit. But I do agree there needs to be a radical overhaul of how things are done. There should be a Cap on Salaries and particularly Agents who are just bleeding the game of resources. Agents rates should be set by FIFA.
Richard Posted 20 April 2017 Posted 20 April 2017 The Premier League is a bubble and the greater it expands, the bigger its collapse will be
KingsX Posted 20 April 2017 Posted 20 April 2017 3 hours ago, Clever Fox said: Agents rates should be set by FIFA. Now there's a setup for fair and transparent business dealings
purpleronnie Posted 20 April 2017 Posted 20 April 2017 20 minutes ago, Richard said: The Premier League is a bubble and the greater it expands, the bigger its collapse will be People have been saying that for over a decade.
steveherbe Posted 20 April 2017 Posted 20 April 2017 I - and the OP - well remember City selling Allan Clarke to Leeds for 100k. We thought the football world had gone mad
VLC86 Posted 20 April 2017 Posted 20 April 2017 From what I heard on the radio this is inevitable and although the headline sounds really poor in reality it may look a little different. The accounts taken were from the season before the biggest increase hit but the clubs knew they were getting it and so they were spending above their means knowing bigger money was on the horizon in the summer.
Sir Shep Posted 20 April 2017 Posted 20 April 2017 5 hours ago, steveherbe said: I - and the OP - well remember City selling Allan Clarke to Leeds for 100k. We thought the football world had gone mad I remember Ian Wright joining the arse for £2M and was astonished, £2M these days is what a an average players earns in a year, £100K wouldn't even get you a Blackpool Donkey these days if it wore footy boots!
davieG Posted 20 April 2017 Author Posted 20 April 2017 1 hour ago, Sir Shep said: I remember Ian Wright joining the arse for £2M and was astonished, £2M these days is what a an average players earns in a year, £100K wouldn't even get you a Blackpool Donkey these days if it wore footy boots! We've signed a few of them over the years.
st albans fox Posted 20 April 2017 Posted 20 April 2017 1 hour ago, Sir Shep said: I remember Ian Wright joining the arse for £2M and was astonished, £2M these days is what a an average players earns in a year, £100K wouldn't even get you a Blackpool Donkey these days if it wore footy boots! How much was GTF ?
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