Deloitte Annual Review Of Football Finance 2008 Pdf
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Image copyright Getty ImagesBuoyant Uefa TV income helped Premier League clubs' revenues rise 9% to a record £3.6bn in the 2015-16 season, according to analysis from Deloitte.It says broadcast earnings of £1.9bn accounted for more than half of the top flight clubs' total revenues.A new domestic TV deal which kicked in last year means overall revenues continue to grow strongly, it added.For a third straight season, clubs' combined operating profits exceeded £500m, but wages rose 12% to £2.3bn.' Even in the final year of its old broadcast contracts, Premier League revenues continued to set new records,' said Dan Jones, partner in Deloitte's sports business group, which has unveiled its latest Annual Review of Football Finance. Image copyright Getty Images Image captionA new broadcasting cycle is now in operationMeanwhile, Premier League net debt fell for the third consecutive season, by £125m (5%) to £2.2bn at the end of the 2015-16 season.However, while Premier League clubs returned to a collective pre-tax loss in 2015-16. Deloitte said this was the result of exceptional, or one-off, accounting adjustments, without which clubs collectively would have broken even.One example of these one-off adjustments was Chelsea making a big financial provision to cover the cost of the early cancellation of their kit deal with Adidas.' We fully expect that Premier League clubs will collectively achieve record levels of profitability in the seasons to come,' said Mr Jones.Are Championship clubs gambling on player pay? Image copyright Getty ImagesIn the Championship, overall revenues increased to a new record level of £556m in 2015-16, and have risen by 74% in the past decade.But for the third time in four years, clubs spent more on wages (£561m) than they generated in revenue, resulting in a record operating loss of £261m.
Deloitte Annual Review Of Football Finance 2008 Pdf Free
Image copyright Getty ImagesIn Scotland, despite Celtic's failure to qualify for the Uefa Champions League group stages for the second consecutive season, Scottish Premiership clubs' aggregate revenues grew 10% to 149m euros.Celtic continued to generate more than 50% of total revenues as they won the league for a fifth consecutive season, and Deloitte says 'their participation in the 2016-17 Uefa Champions League group stages will result in a substantial uplift in revenue'.Football in China: Still the new 'gold rush'?