Premier League clubs have reported record revenues of £4.5bn for the 2016/17 season, with a collective pre-tax profit of £500m – also a record. According to Deloitte Premier League clubs posted a pre-tax profit loss during the 2015/16 season.
The main factor in the revenue growth was the new three-year Premier League TV deal, which came into effect in 2016/17. A record £5.13bn was paid by Sky and BT for the rights to broadcast the Premier League from 2016-2019. However, the latest round of domestic rights auction did not reach those heights, bringing in £4.46bn – with two TV rights packages remaining unsold.
The collective revenue-to-wage ratio at Premier League clubs was down from 63% to 55% in the 2016-17 season, the lowest since the 1997-98 season. With wage costs rising by 9% to £2.5bn, a significantly lower growth rate than the 25% hike in revenues.
LaLiga also posted record revenues of €3.66bn. Read more here.