What We're Reading

EPL player wages at record levels

  • AFP, Thursday, May 31, 2012 7:33 PM

A review into soccer finances shows that English Premier League players' wages are at record levels, outstripping growth in club revenues.

Wages went up by $312 million dollars in the 2010-11 season to almost $2.8 billion -- a 14 percent rise -- while overall revenues at clubs rose by 12 percent to $3.5 billion, according to analysts Deloitte.

With the top 20 clubs splashing out on big salaries in an increasingly desperate bid for success, wages now account for a record 70 percent of the revenue generated by Premier League clubs.

"If the wages to revenue ratio is 70 percent or higher it's very difficult to make an operating profit," Alan Switzer, director in the sports business group at Deloitte, said. "In our view it is too high as a league and the clubs need to be edging back to the low 60s."

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1 comment about "EPL player wages at record levels".
  1. Carlos Thys, June 1, 2012 at 5:38 p.m.

    Let the market decide. Good. Very soon this will fail. American sports fans should be very careful not to compare world soccer with the more limited world markets for the sports of basketball, American football, baseball, and ice hockey. The fans in England (Scotland, Spain, France, and Italy, too) will only very reluctantly continue to pay for this folly and will soon (if not already) be unable to pay at all for it. More importantly, unwilling to pay for it. Don't just think live, in stadium ticket prices. Pay-per-view, pay cable, pay internet, etc. also must ratchet up in costs. I've been nearly chased out of a "football viewing" public house in London because I wasn't spending enough on food and drink. I was flummoxed. But the proprietor was not as he loudly proclaimed how expensive it was for him to have two simultaneous pay cable football channels. He cried out, "You must pay because I must pay!" Soccer -- like all pastimes -- should never so arrogantly assume that the next generations won't just walk away and find other ways to spend their freetime. Additionally, as economies in Europe and Britain collapse, this will all go to ruin or doldrums anyway. Sky high present-day professional league salaries for players AND coaching staffs only make the demise swifter -- and surer.

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