Revealed: North West Premier League clubs generate revenues of £1.8bn
The North West’s 17 Premier League and Football League clubs generated a combined revenue of £1.8bn in 2016/17, according to data.
The region’s five Prem clubs collectively brought in £1.7bn, around one-third of the £5.5bn total earned by the top 92 teams in English football.
The findings come from professional services giant Deloitte’s 27th Annual Review of Football Finance.
Manchester United (in the top position with £581m), Manchester City (second, at £476m) and Liverpool FC (£365m, fifth) all featured in the top five clubs by 2016/17 revenues.
Everton were 10th in the list, having generated £171m, and Burnley 17th with £122m.
The North West Premier League clubs attracted around 4.6m attendees in the 2016/17 season, up from about 4m the year previous, helped in part by Burnley’s promotion.
For wage costs they made up three of the top four. City were at number one, paying £264m in wages, Manchester United second with a wage bill of £263m, and Liverpool fourth, paying out £208m.
Dan Jones, partner at Deloitte’s Sports Business Group, said: “The financial results of the class of 2016/17 are the most impressive we have ever seen.
“Just a decade ago, 60% of Premier League clubs were making an operating loss whereas in the 2016/17 season, all clubs were profitable. In addition, and for the first time ever, Premier League clubs’ revenues have grown at a faster rate than wages over a 10-year period.”
Director Tim Bridge commented: “Financially speaking, the three leagues below the Premier League are now considerably larger than their peers at equivalent levels in the football pyramid, anywhere in the world.
“In no small part, this is due to the financial success of the Premier League and the filtering down effect in the form of parachute and solidarity payments. Parachute payments to Championship clubs made up almost a third of that division’s revenue.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work