Premier League clubs generated a record profit of almost £ 3.4 million last year, with 14 of the 20 clubs, the profits analysis custody of their latest publication accounts are revealed.
Improving the finances of clubs, after years of pay for the wages of the players too much and to make losses despite large TV rights to the Premier League and other income is the result of clubs finally agreed to take over the rules on financial fair play In 2013.
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Regulations to limit losses clubs to £ 35m per year are issued permits by coiffent owners and the number of new TV-revenue financed on player salaries when balances instantly transform clubs. In the last season before the financial fair play Introduction, 12 of the 20 clubs had losses, and the richest soccer league in the world recorded a total worldwide loss of £ 291m. by overspending on players' wages despite the unexpected from television rights and ticket prices eyewatering loss caused in a total profit of £ 198 million in 2013/14 mainly.
explained last year, 2014-15, who booked youngest of clubs, the league has a total profit of £ 113 million to a record turnover of £ 3.4 billion from. The decrease was mainly due to the relatively high losses to Chelsea, Sunderland, Queens Park Rangers and Aston Villa.
The Financial Regulation was extended for three years, 2016-19, should not exceed 8 billion pounds of new TV services to start clubs of the Premier League is a different level of wealth beyond any other league.
In 2014-15, the total expenditure for wages increased slightly during 2013-14, to £ 1.9 billion, 57.5% of revenues of the clubs, £ 2 billion, 60% of sales. The vast majority of this expenditure was on player salaries, rather than employees of other clubs, although some executives to be better paid. Eleven clubs presented their manager the highest paid more than £ 500,000. Tottenham Hotspur chairman Daniel Levy was paid executive last year, the highest total of £ 2.61m package, including salary and bonuses.
Playing the 60% figure for labor costs, but huge for the lucky player football in the era Pay TV boom, is significantly lower than in previous years exceeded. In 2009-10, the year Portsmouth the only team in the Premier League were to the collapse of the administration was the wages 68% of sales and achieved total loss club record £ 445 million.
More than a quarter of this loss was £ 121m from Manchester City in the early years of mega-investment of Sheikh Mansour bin Zayed Al Nahyan stored. The following year, when the money Abu Dhabi high-priced signings of players financed, including Yaya Toure for £ 24m, £ 26m for David Silva and Mario Balotelli for £ 24m, the city has lost £ 197m Premier League record.
would provide enormous revenues The level of the city, whose leader was against the Premier League and the rules of the financial fair play UEFA that the success of these players brought and to make the club profitable. In 2014-15, it produced: City, earned a profit before tax of £ 10 million. The story of the expedition of the privileged city that invests the amount of Mansour records ever since the club in 2008 bought was £ 1.2 million, paid in English football club highest.
In Chelsea, the amount of the parent club paid Roman Abramovich, Fordstam Ltd to finance the cost of players, transfers and losses since he took office in 2003, rose to £ 1.1 billion.
financial fair play rules to make the clubs substantial profits and owners reap dividends or capital gains have been cited by the buyers of the English clubs, especially the United States to invest as the main attraction pole allow. The limitation of wages, loss of players and business investment, without making the most profitable clubs in several associations resulting resumed. US investors bought a substantial interest in the Crystal Palace in December and is expected to make to the shareholders of Swansea City as the original 2002 short time a profit of several million pounds for himself, also sell its shares to an American consortium.
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