Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Richer EPL Sinks Further into Debt
BBC News, May 31st, 2007 3:46PM

MOST READ

MOST COMMENTED

BBC News takes a comprehensive look at the English Premier League's finances as outlined by new report from the financial firm Deloitte. Expect league salaries and spending on players to increase next season as the EPL benefits from a new $5.34 billion television deal. Rises in international and domestic TV revenues mean the league will be adding another $594 million to its coffers each season.

Collectively, the league's revenue was $2.77 billion last year, with Manchester United accounting for some $331 million, Chelsea $301 million, Arsenal $263 million and Liverpool $240 million. However, the league spent about half as much as it earned on player salaries. In all, $1.7 billion was spent on player wages-while Chelsea alone spending $226 million. Four other clubs paid more than $100 million.

Such spending and a string of takeovers by foreign investors have resulted in unprecedented amounts of debt for the league. Collectively, Deloitte said the EPL is $3.24 billion in debt, with Manchester United's Malcolm Glazer accounting for more a third of that figure. Glazer took out $1.2 billion in loans when he bought United for $1.6 billion in May 2005. Without that debt, which doesn't count on the club's books, the league is just $2 billion in the red. Just nine Premier League clubs turned a profit last year, with Arsenal leading the way.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: NYCFC Eyes Queens Stadium    
New York City FC is considering building its stadium near the Acqueduct Racetrack in Queens, Capital ...
Ronaldo on Track to Break European Scoring Records    
If he remains injury-free this season, Cristiano Ronaldo should become the all-time leading scorer in both ...
Jardim: Monaco "Superior" in UCL Opener    
Leanardo Jardim hailed AS Monaco's "superior" display in Tuesday's 1-0 win against Bundesliga giant Bayer Leverkusen ...
Rodgers: 'Balotelli Needs to Stay in the Box'    
Liverpool coach Brendan Rodgers said that Mario Balotelli needs to stay in the penalty area more ...
Casillas Booed at Home    
Real Madrid coach Carlo Ancelotti said he didn't hear the sections of the Bernabeu crowd that ...
'Perfect' Dortmund Brushes Gunners Aside    
Borussia Dortmund cruised to a 2-0 win against Premier League giant Arsenal in the opening game ...
Simeone: Atletico Spurned Chances in UCL Loss    
Spanish champ Atletico Madrid on Tuesday slumped to a surprise 3-2 defeat at Olympiakos on the ...
Johnson Steps Down as Fox's Lead Soccer Broadcaster     
In an interview with Sports Illustrated, Gus Johnson reveals that he will no longer be Fox's ...
Barca Names Training Field After Vilanova     
Barcelona on Tuesday announced that a field at the club's training ground would be named after ...
Bayern Injury Crisis Ahead of City Visit     
Bayern Munich is struggling with injury concerns ahead of its UEFA Champions League home opener against ...
>> Section 2 Around the Net Archives