Premier League clubs slump into loss
Premier League clubs have made a combined loss for the first time in three years. Clubs in the Premier League posted combined revenues of £3.6bn for the 2015-16 season, a 9 per cent rise from the previous year, according to Deloitte.
However, spending on players has outpaced revenue growth. Wages increased 12 per cent to £2,3bn which along with other costs, such as splashing out on transfer fees, helped to push clubs into a combined pre-tax loss of £110m.