LONDON : Premier League club revenues rose by 12 per cent to a record 5.5 billion pounds ($6.96 billion) in the 2021-22 season as European football capitalised on fans returning to stadiums after the COVID-19 pandemic, according to analysis from Deloitte.In its Annual Review of Football Finance, Deloitte'
LONDON : Premier League club revenues rose by 12 per cent to a record 5.5 billion pounds in the 2021-22 season as European football capitalised on fans returning to stadiums after the COVID-19 pandemic, according to analysis from Deloitte.
Matchday revenue for the Premier League rose to 763 million pounds in 2021-22, far surpassing the 2020-21 season, large portions of which were played behind closed doors, as well as improving on pre-pandemic levels of 684 million euros in the 2018-19 season. Despite rising revenues, operating profits in the big five leagues has declined by 1.8 billion euros since the 2018-19 season, thanks in part due to a 15 per cent rise in wage costs.
"The focus for all clubs must now shift to ensure long-term financial sustainability across the football system, and the introduction of new regulations across European football are appropriately timed to support this," Bridge said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premier League clubs agree measures to combat anti-social behaviourPremier League clubs unanimously agreed on Wednesday a series of new measures to tackle anti-social behaviour including tragedy-related chanting, gestures, graffiti and online abuse.The clubs decided at their Annual General Meeting to adopt measures focusing on prosecution, the regulatory environment, law
Read more »
Heat scorches Europe as temperatures in southern Spain to reach 45 deg C in JuneThe hot spell could induce power demand for cooling in countries that rely on air-conditioning. Read more at straitstimes.com.
Read more »
Europe's city schools, hospitals at risk from extreme heat, EU agency saysBRUSSELS: Nearly half of schools and hospitals in European cities are located in urban 'heat islands', exposing vulnerable populations to health-threatening temperatures as clim
Read more »
Europe's city schools, hospitals at risk from extreme heat, EU agency saysNearly half of schools and hospitals in European cities are said to be located in urban “heat islands”. Read more at straitstimes.com.
Read more »
Nations League finals a considerable achievement for Croatia, says coachCroatia might have finished second and third at the last two World Cups but coach Zlatko Dalic insisted reaching this week's four-team Nations League finals was a considerable achievement for his team.Croatia play hosts Netherlands in the first of the semi-finals in Rotterdam on Wednesday, followed by Ita
Read more »
Dutch finding end of season energy as they chase Nations LeagueROTTERDAM : Virgil van Dijk conceded finding the energy for the Nations League finals at the end of a long season is difficult but the Netherlands captain says he and his team mates feel it is a major title worthy of chasing.The Dutch defender will be leading his team in Wednesday’s opening semi-final o
Read more »