It is the 25th anniversary of the Deloitte Annual Review Football Finance, and as always the company to audit - reporting, accounting and finance is an interesting read.
Soccer City Hall Swansea prepares to sell investors from the United States to become the 13 English Club Topflight to be owned by foreign interests, the most striking point of the last deep dive Deloitte in the financial world is the way the game is now not only a profitable asset be commercialized, but losing money.
It has become commonplace for the president to accept that their clubs are as a business - to balance the accounts and ensure that their page solvent while keeping success. Earlier, it was a plan that was doomed to failure.
Clubs Football hemorrhaging money. It's what they did. The tense wage income because of race arms to capture as big stars as possible, in England not only the richest teams in the competition, but also in Europe.
However, revenue from TV deals in the Premier League, at home and abroad have changed the game. According to Deloitte, the first division of England has experienced consecutive seasons in 2013/14 and 2014/15, when they recorded a profit before tax in the rule for the first time since 1999th
Should continue to do so during the current season and the next season, supported by the effects of the financial capital in maintaining the ability to partially buy foreign teams that can not compete with broadcast revenues English clubs.
Premier League dwarfing the competition for sales and profits. Source: Deloitte.
The Premier League draws in more than double the league and Serie A on national TV deals can pick up while internationally, earning the league in front of all competitors more than again twice League - the second most valuable foreign Rights League - can far beyond the reach NFL and other American sports.
No other league in any other sport can of international broadcasting rights of Premier League match, and that makes the best clubs in England very attractive for investors sentences.
confronted consistently For calculations that can be performed in the dark, ultimately, instead of paying money due to an ever stuck in the red constant worry investors, to move, not for assets trophy as was previously the case - A he a Club of the local prestige or a person as well trophy belonged, or even put together a very popular political power - but to make money from a profitable business.
According to Deloitte, in 2014/15 six clubs in the Premier League more each sales produce than all of the combined first division in 1991/92. Come next season, according to a further dent in the case of television, the average time it aired in the second game of the Premier League of the new campaign, income League has obtained the final total income from a, full season there 25 years.
In 1991-1992, the first division was £ 15 million from the sale of television rights in 2016/17 draw every game worth £ 10.2 million just have.
The projected revenue of the five major leagues delegation agreements. Source: Deloitte.
As expected, in the last five years, the average income of a club in the Premier League start has been increased from 65% as the division into a new era of profitability under way, and to replace various types of owners President donors traditional sugar and dad who previously paid a fortune to keep the machine running.
This should no longer be necessary, and some existing clubs could even see their boards looking for an exit strategy of their own.
TV revenue was not the only source of income for the clubs. Expansion stage investments in the gameday experience and other income grew facilities contain Gameday. According to Deloitte was 2014/15 a record year for investment by the clubs in the Premier League to improve his new money plowing in their fittings and accessories.
It is a strategy that works - can build after the Emirates Stadium Arsenal now the largest revenue for a club match of the day in the world, with Manchester United at Old Trafford business is behind it boast close with their lucrative.
In the coming years, this album could be destroyed. Tottenham Hotspur and Chelsea are on ambitious building projects of their own.
Finally Anfield of Liverpool will be redeveloped. Everton wants new excavations of his own, and with the arrival of Farhad Moshiri and increased television money, you might even laid the foundation for a new house begin laying sooner than later.
Most new Everton: Farhad Moshiri.
Although the motion Olympic Stadium West Ham can in terms of the amount of public money involved in the case to be controversial, the Hammers put a lucky break her own your in new modern basic installation Stratford to enjoy after years in the romantic but outdated environmental Upton Park.
ENIC Group Daniel Levy has come close to Spurs as a real estate investor would look at an auction house - a commodity to be bought, spruced up and sold at a small profit.
With a new stadium, a great brand and the sale of larger specimens, could see in the years to exactly the kind of high-end proposals come to the club changes to see, that is, if the original plan, nor is in its place. make Considering the amount of money from a club Premier League and their owners, especially in the Champions League, why should they sell?
This is certainly the question that hangs over the ownership of the Glazer family at Manchester United. Even before the recent revival of the assets League, Old Trafford was the home of the original financial strength of English football.
United did not need massive television contracts to be profitable. His brand and thus their marketing activities and extensive commercial and the largest in the country, before the construction of the new Wembley Stadium, he said could still pay its way.
The Glazer had this when they bought the club in a transfer lever financed by heavy borrowing, paid interest in their property always there for them now.
United Team remain to make the most of the mass in the Premier League. Source: Deloitte.
It is why we now never suggest that the business of States further expanded and the books of the club waiting each year half a million dollars ringing ringing in revenue, more permits are taken as dividend low family, brought no little of their own money have.
After one season, implode the Aston Villa and in the English top flight in possession of own prospector American Premier League, Randy Lerner saw warn some may Swansea to see what they want, especially considering their own struggles descent in the final to avoid.
Sky Sports reported that the recovery in South - Wales is at the end, but a very different statement a club in 2016 is to buy to buy a team in 2006, Lerner took over the Villa Park control.
One could say that it is too early came and acted too late to sell and ship the Premier League to reach before he was a mature investment that could be milked hui despite their money because aujourd '. This does not mean that the decision Swansea-up for sale, is infallible, not at all.
However, the age of ambition and be supportive finished in the meeting room with the bold promise to drop the world on the earth, as is the case with Leeds United back to the beginnings of the century will also be cut.
Stan Kroenke another US investor, took a controlling stake in Arsenal.
With purchasing power to the continental successful (and richest) clubs held in check by the FFP rules the English clubs to focus on their own internal affairs. A lack of success in the Champions League, the benefits to reap more than a crisis for homeowners who are motivated instead of governing a club for reasons of prestige, glamor and competition concerns.
Given the criticism of parsimonious reign of Arsene Wenger at the Emirates where fans accuse their side to settle for fourth place on an annual basis, maybe you could, that the Premier League argue all - very good money and the desire to the best of it make - all had a bit of Arsenal? A source of income, where the strength and stability, not high-rolling game on the possibilities and vague dreams, is good for business.
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