Transfer spending still down
Transfer spending by Premier League clubs has grossed £275m over the summer to date, £25m down on the same point last year. Of course, much depends on what happens on what is often a frenetic last day of the transfer window.
This reflects the pressure of the impending introduction of Uefa's financial fair play rules, rather than any loss of revenue by the competition. Deloitte are projecting revenues to grow by 1 or 2 per cent to over £2.3bn this year. At some point the £3bn threshold will be crossed, probably during the course of the next new television deal.
According to Deloitte Sports Business, Premiership revenues have grown on average 15 per cent annually for the past 20 years. However, wage bills have grown an average of 17 per cent annually during that period. That explains why many leading German football clubs are showing higher profits than those of their English rivals, despite lower revenue growth and the global dominance of the Premier League in broadcast income.