The 92 Premier League and Football League clubs generated more than £4bn in revenues for the first time ever in 2014-15, according to Deloitte.
Its sport business group says the record sum was accompanied by capital spending of £305m, the most ever invested in a single season.
Current blockbuster TV rights’ deals saw Premier League clubs generate £3.3bn record revenues, up by 3%.
Top flight clubs saw a second straight year of pre-tax profits in 2014-15.
That is the first time this has happened since 1999.
“The pace of football’s financial growth in two and a half decades is staggering,” said Dan Jones, partner in the Sports Business Group at Deloitte.
“By half-time of the second televised Premier League game next year, more broadcast revenue will have been generated than during the whole of the First Division season 25 years ago.”
He added: “The impact of the Premier League’s broadcast deal is clear to see. For the first time, the Premier League leads the football world in all three key revenue categories – commercial, match day and broadcast – and this is driving sustainable profitability.
“When the enhanced new broadcast deals commence in the 2016-17 season, operating profits could rise as high as £1bn.”
He also said that it was encouraging to see that much of this new-found TV wealth was being spend by clubs on improving stadia and infrastructure.
Although the wages/revenue ratio has increased for the Premier League clubs, Mr Jones does not see this as cause for concern:
“Wage costs grew at a faster rate than revenues in 2014-15 and as a result the division’s wages/revenue ratio rose from 58% to 61%. However, this represents the second lowest level since 2004/05 and is ten percentage points lower than in 2012-13.
“In fact, in the last two years, only 30% of revenue increases have been …read more
Source:: BBC UK