Premier League revenues hit record high of £3.4bn despite profit dip
Premier League revenues have hit a fresh record high of £3.4bn in 2014-15, a rise of three per cent on the previous year, despite a dip in pre-tax profits from £190 to £120m over the same period.
Nevertheless last season saw the second biggest aggregate pre-tax profit ever after a record breaking profit from the 2013-14 season – marking the first occasion since 2000 when the sport had recorded a double whammy of pre-tax profits.
Commenting on the figures Dan Jones, partner in the Sports Business Group at Deloitte, said: “The perennial problem for Premier League clubs was to convert impressive revenue growth into profitability," said
"We saw this problem solved with record-breaking results last year. The new challenge was to sustain this financial success, and the Premier League clubs have accomplished this in impressive style in the latest results.
"With further significant revenue increases already guaranteed for the next broadcast cycle, starting in 2016-17, there is every reason to be confident of the Premier League clubs' profitability being here to stay."
Broken down to club level 17 teams recorded an operating profit in 2014-15 with just three making a loss, although salary costs also rose by six per cent to hit a record £2bn, increasing the wages to revenue ratio to 60 per cent.