English clubs will earn 25 per cent more, predicts report

Jun 07, 2013 |

English Premier League clubs will enjoy a revenue boost of almost 25 per cent next season thanks to a glut of lucrative new television deals, according to a report published on Thursday by financial analysts Deloitte.

A trio of television rights agreements estimated to be worth £5.5 billion ($8.5 billion, 6.5 billion euros) are due to kick in when the 2013-14 campaign gets under way, as the English top flight cashes in on its position as the world’s most popular football championship.
The new deals include a $250 million contract with US broadcaster NBC, which will see 380 matches broadcast to American fans over a period of three years.
“Premier League clubs’ revenue is estimated to have grown by five per cent to £2.5 billion in 2012-13,” said Adam Bull from the company’s Sports Business Group. “There will then be a significant increase of around £600 million, almost 25 per cent, in 2013-14, with the first season of the Premier League’s new broadcast deals, taking the projected revenue of Premier League clubs above £3 billion for the first time.”
However, despite record overall revenues of close to £2.4 billion, half the clubs in the Premier League are still making losses and Deloitte says they must brace themselves for the “culture shock” of the new TV windfall. The report predicts that outlay on player wages will continue to grow, but says clubs should try to manage the rise carefully.

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