Premier League football clubs smash revenue records

Premier League clubs headed toward bankruptcy, according to report

The size of domestic and worldwide TV rights sales - £2.8 billion per season, £8.4 billion in total over three years - is about double that of the Bundesliga's improved deals, which are expected to pay around €1.4 billion annually to the clubs in Germany's top two divisions.

First, there is the fact the Premier League clubs actually recorded a combined pre-tax loss in 2015-16, which Jones said was a result of "exceptional, or one-off, accounting adjustments".

Carlo Ancelotti has told Antonio Conte that he will need to spend big in the summer transfer window ahead of his second season in charge at Chelsea.

While the Premier League is the honey pot, Championship clubs are showing record spending levels in a bid to get there.

"Even in the final year of its old broadcast contracts, Premier League revenues continued to set new records", said Dan Jones, partner in the sports business group at Deloitte.

Leicester City were champions in 2015-16 with the Premier League's 15th biggest wage bill, while the league's 19th and 20th biggest payers, Watford and Bournemouth, avoided relegation and are still in the league now.

This resulted in a £22m (30 percent) increase in Premier League central distributions and a £25m (24 percent) increase in revenue.

"Huddersfield Town's promotion at the end of the 2016/17 season again demonstrated the opportunity for any Championship club to reach the Premier League, regardless of their budget".

The bulk of this growth is driven by broadcast revenue at £1.9 billion, more than half the total revenue figure and nearly double that of 2008.09. "Each club generated more on average (£182m) than all 22 top division clubs combined managed in 1991/92 - the final season before the competition began", says the report.

Adam Bull, a senior consultant in Deloitte's Sports Business Group, said: "With a wage-to-revenue ratio of 101 percent, Championship clubs are relying on owners and shareholders to balance the books more than ever".

The latest football transfer gossip column from The Sport Review, featuring all of the latest Premier League transfer news and rumours.

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Across all four divisions, the 92 clubs generated £4.4bn, another record, with new highs in spending, profits and tax also being recorded by the 26th edition of Deloitte's Annual Review of Football Finance.

The top five leagues in Europe - England, Spain, France, Italy and Germany - saw their combined revenues rise by 12% to €13.4bn in 2015/16.

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