RBSC

Collapse

Announcement

Collapse
No announcement yet.

Premiership wages 'to top £1bn'

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Premiership wages 'to top £1bn'

    Premiership wages 'to top £1bn'

    Hands up if you get well paid.... Chelsea has the highest wage bill
    Premier League wages are set to break the £1bn barrier for the first time in the competition's history, a report from Deloitte has said.
    Salaries and bonuses will increase next season as a £1.7bn television deal for top-flight games comes into effect, the report says.

    Deloitte's annual review of football finances showed Premier League wages rose 9% to £854m in 2005/06.

    Chelsea's outlay totalled £114m while four other clubs paid more than £50m.

    The new TV revenue - including domestic and international rights - equates to about £300m extra per season over the lifetime of the current three-year deal.

    Whilst wages will rise, clubs do have the opportunity to increase the importance of performance related pay structures

    Paul Rawnsley
    Sport Business Group, Deloitte

    However, Deloitte said the wave of new owners at clubs, including Aston Villa and Liverpool, was likely to result in more restraint in spending, with servicing debt and investing in stadia being other key priorities.

    "A lot of these new owners have had sporting success but also considerable financial success", said director of Deloitte's Sports Business group, Alan Switzer.

    "A decent chunk of the money will still flow through to the players, but we don't think it will be the same proportion that flowed through previously."

    JUST FANCY THAT! - STATS FROM THE 2005/06 SEASON
    Four Championship teams paid more in wages than they made in revenue
    Premier League and Football League clubs paid about £50m in agents fees
    France's Ligue 1 made a profit for the first time since 2000
    English professional football paid about £650m in taxes
    Chelsea's pre-tax losses fell from £140m to £80m

    While spending on transfers is set to exceed £300m this summer, Deloitte's Paul Rawnsley said it was not viable for clubs to simply throw money at players.

    "Whilst wages will rise, clubs do have the opportunity to increase the importance of performance related pay structures," he said.

    "This will both insulate the business in future when on-pitch results are not so good, and also help motivate and reward players and management for winning."



    The report confirmed that the Premiership was once again the top-earning league in the world.

    Its 20 clubs generated £1.4bn in turnover on 2005/06, a figure expected to rise to £1.8bn in 2007/8.

    And the report pointed out that the increased revenue - alongside cost controls - should almost double combined operating profits to £260m next season.

    Manchester United was once again top of the English revenue league, making £167.7m.

    The club was followed by Chelsea on £152.8m, Arsenal on £133m and Liverpool on £121.6m.

    PREMIER LEAGUE'S TOP WAGE BILLS 2005/06
    Chelsea - £114m
    Manchester Utd - £85m
    Arsenal - £83m
    Liverpool - £69m
    Newcastle Utd - £52m
    Source: Deloitte

    Arsenal's revenue is expected to have soared in 2006/07, with its income from gate receipts and corporate hospitality boosted by its first season in the 60,000-capacity Emirates Stadium.

    Only nine Premiership clubs, however, actually made a pre-tax profit - down from 14 in 2004/05.


    Click here to see the wages of the Big Five leagues
    Wages paid to players in England again outstripped their European counterparts.

    The total wage bill in Italy, the second biggest in Europe, was 35% below the English level at 806m euros (£548m) while clubs in the much-admired Spanish La Liga shelled out 739m euros (£502m) to their stars.

    Although Italy was also the second highest earning league in Europe, falling matchday revenue was likely to see it slip behind Germany and Spain in the 2006/07 report.

    The "big five" European leagues generated 53% of the total £8.6bn European football market.

    Revenue generated by clubs in the Championship - the second tier in England - grew 4% to £312m, reaffirming it as Europe's sixth biggest league.

    Top league revenues 05/06
    England £1.4bn
    Italy £1.0bn
    Germany £0.8bn
    Spain £0.8bn
    France £0.6bn

    Last month Deloitte said promotion from the Championship to the Premiership this season would be worth about £60m for the successful clubs - Sunderland, Birmingham and Derby County.

    And the report highlighted the financial chasm between the two divisions.

    The gap between revenue at the average Premier League club and Championship side hit a record £56m in 2005/06 and was tipped to grow to £70m next season.






    Click here to return
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

  • #2
    "Revenue generated by clubs in the Championship - the second tier in England - grew 4% to £312m, reaffirming it as Europe's sixth biggest league."

    It still pays to be in this league. Santa Claude seh him done rich a'ready.
    Hey .. look at the bright side .... at least you're not a Liverpool fan! - Lazie 2/24/10 Paul Marin -19 is one thing, 20 is a whole other matter. It gets even worse if they win the UCL. *groan*. 05/18/2011.MU fans naah cough, but all a unuh a vomit?-Lazie 1/11/2015

    Comment

    Working...
    X