June 6 – The European football market continues to bounce back post-covid with a 16% increase in revenues in the 2022/23 season to €35.3 billion.
The latest Deloitte’s Annual Review of Football Finance once again point to the impressive health of the ‘big five’ European leagues that generated total revenue of €19.6 billion, up €2.3 billion (14%) on the previous season, and reported an aggregate operating profit (€500 million) for the first time since 2018/19.
Premier League clubs lead the way with their revenue growing by 11%, surpassing £6 billion for the first time. The average revenue per club in the English top-flight exceeded £300 million. Premier League revenue was £5.5 billion for the previous season.
At the heart of the Premier League increase was a 14% rise in matchday revenue to £867 million – the league achieved a new record average league attendance.
The Premier League also generated a £221 million year-on-year increase in commercial revenue to £2 billion and a 9% increase in broadcast revenue to £3.2 billion.
With more revenue came a 10% leap in wage costs in the Premier League to more than £4 billion for the first time. Deloitte point out that while annual wage growth was lower than revenue (£603m), rising wage costs and amortisation impacted pre-tax losses in the Premier League, which increased by 14% to £685 million.
Overall, Premier League clubs’ operating profits (excluding player trading) fell by 18% to £393m, as other operating expenses increased to c.£1.6 billion, driven in part by inflation. Net debt of clubs in 2022/23 rose from £2.7bn to £3.1bn (up £473m), largely driven by funding for infrastructure projects.
With the return of fans to stadiums, both the Bundesliga and Serie A clubs reported the highest proportional revenue growth among the big five leagues. Each league experienced a 22% increase in revenue compared to the previous season.
Bundesliga clubs generated total revenue of €3.8…
Source link : https://www.insideworldfootball.com/2024/06/25/euro-football-e35bn-business-big-5-clubs-account-e19-5bn/
Author : Paul Nicholson
Publish date : 2024-06-25 12:19:59
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