Premier League clubs soar into profit

The first year Albert McClellan Youth jersey of the Premier League’s record £8.4bn television deals, combined with financial regulations aimed at preventing the bulk of the money being paid to players and agents, has transformed England’s top-20 clubs overwhelmingly into profit. The Guardian’s analysis of the clubs’ most recently published accounts, for the 2016-17 season and financial year, found that 17 made a profit, on record revenues of more than £4.5bn.

The clubs’ booming financial health under the 2016-19 broadcasting deals Ethan Westbrooks">http://www.officialramslockerroom.com/elite-ethan-westbrooks-jersey">Ethan Westbrooks Authentic Jersey puts into perspective the current demands of the richest six clubs for yet more money, from a greater share of the international TV income, which is shared equally among all 20. That demand, led by Liverpool and Manchester City and said to be John Elway Youth jersey supported by Manchester United, Arsenal, Chelsea and Tottenham, clubs all owned by investors based overseas, is set to be voted on at Friday’s Premier League meeting.

The accounts show that these six clubs are already on a different financial plane from all the others. Spurs, the sixth highest-earning club in 2016‑17, made £306m, £73m more than the seventh highest, Leicester City, whose £233m revenues were boosted by £70m from their one-off participation in the Champions League, after winning the title in 2015-16.
Manchester United, despite not winning the Premier League title since Sir Alex Ferguson retired in 2013, have levels of sponsorship and earnings from the 76,000-capacity Old Trafford that made them by far the highest-earning club, making £581m in 2016-17, despite not competing in the Champions League that season.
United’s earnings were £108m more than those of the second highest-earning club, Manchester City, whose £473m revenues were boosted by £218m commercial income including substantial sponsorship from state-owned companies in Abu Dhabi, the homeland of Sheikh Mansour, the club’s owner.
The total earnings of £4.5bn are 25% up http://www.officialauthentic49erstore.com/authentic-arik-armstead-jersey.html on the £3.6bn the 20 clubs made the year before, 2015-16, the last of the previous three-year TV deals, which was itself a record. The current http://www.authenticchicagowhitesox.com/Tim-Anderson-Jersey TV deals – £5.1bn in the UK from the real competition posed to BSkyB last time from BT Sport, and £3.3bn from burgeoning international broadcast contracts – have made the Premier League Europe’s most lucrative league by a greater margin. Cedric Ogbuehi Youth jersey Germany’s Bundesliga, the next wealthiest, with full stadiums and a http://www.authenticpittsburghpenguins.com/authentic-ian-cole-jersey generally admired supporter-friendly culture, has new TV deals worth €4.64bn (£3.9bn) over the next four years, less than half the total the Premier League expects to secure for 2019-22.
The Premier League clubs’ management of the huge TV revenues has been dramatically improved by the introduction of the financial regulations that limit clubs’ losses and the amounts by which they can increase their wage bills. In the 2016-17 season clubs could not pay more than £19m above the wages figure of 2012-13. Alternatively, the rules limited the increase in wages clubs could pay from Premier League TV and sponsorship money to £7m more than the previous year, 2015-16.
These regulations were introduced after years of multiplying wages because clubs had determined not to allow the post-2013 TV rights bonanza to drain out to players and players’ agents. It made an immediate difference from the financial position in 2012-13, when clubs spent 67% of their income on wages and 12 of the 20 made a loss. In 2016-17, of the 19 clubs that have filed their accounts on time at Companies House – Crystal Palace’s are more than two months late and the club’s holding company has been threatened with dissolution – only two made a loss: Chelsea, who won the league, and Sunderland, who were relegated.
The 19 clubs’ total revenues were a record £4.4bn. Although Palace have not filed their accounts and have provided no reason for the delay, the Premier League did publish the amount of TV and sponsorship money in “central distributions” paid to each club, showing that Palace received £110m https://www.premierleague.com/news/405400 . That means the 20 clubs’ total revenues is certain to have been more than £4.5bn, although the details of Palace’s other income and spending are yet to be disclosed.

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