Premier League clubs will break billion-pound barrier this transfer window, says Deloitte
As it's revealed that the PL earned £1.5bn more than the Bundesliga in 2014/2015...12:26 Thursday 2 June 2016, 12:26 2 Jun 2016
English football is breaking all kinds of financial records and only looks set to grow further.
That's the chief takeaway from Deloitte's Annual Review of Football Finance 2016.
The financial services and consultancy firm summed up the incredible pace of the Premier League's revenue growth since its inaugural review in 1992 with the following stat:
By half-time of the second Premier League game that is televised domestically in 2016/17, more broadcast revenue will have been generated than by all the First Division matches combined 25 years ago.
That was just the first eye-catching fact rolled out as Deloitte analysed the 2014/15 season and offered forecasts for the future.
In 2014/15, Premier League clubs generated record revenue of £3.3 billion. That is projected to rise to £4.3bn next year.
Clubs' wage costs increased by 7% to exceed £2bn for the first time.
Clubs' revenues were more than €2bn (£1.5bn) higher than the next highest-earning league, Germany's Bundesliga.
Combined with the Football League, the top four tiers in English football took in a record £4bn.
Further records will be broken, particularly at the top.
From 2016/2017, clubs will enjoy the fruits of the record £.5.1bn paid out by Sky and BT Sport for live Premier League TV rights for three seasons.
At the launch of the review, Dan Jones of Sport Business Groupsaid:
"What we are seeing is a continuation of club profitability, it is certainly not a one-off.
"We feel Premier League clubs have turned the corner, and are entering a new era of sustained profitability. Clubs are now attractive propositions to investors, and not merely as vanity projects".
Jones also noted that this increased profitablity means that PL clubs could compete with overseas team for the signatures of the world's best players, and still have money left over.
Of course, this is already happening. And if it's transfer action you want to fill those summer months, Deloitte thinks you'll get it:
Premier League clubs are likely to spend over £1 billion in the 2016 summer transfer window.
The summer 2015 window is currently the biggest ever, with the movement of the likes of Anthony Martial (pictured) and Kevin De Bruyne costing £870m.
Huge money, but the billion-pound barrier will soon be broken if the experts are to be believed...
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