Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Finance

Premier League Clubs Post '13-14 Profit Of £198M Following Loss Of £291M In '12-13

Premier League clubs in '13-14 made an "overall profit for the first time in 16 years" after financial fair play rules were introduced in '13, according to David Conn of the London GUARDIAN. The regulations, which restricted to £4M ($6M) the extra money from the "hugely increased TV deals the clubs could spend on wages," led to players' pay "increasing by only around 5.5% while overall income boomed by 22%." In '13-14, the year for which the 20 clubs "have most recently published accounts, 15 made a profit" and the Premier League recorded a profit collectively of £198M. That was a "dramatic transformation" from '12-13, the last year of the previous three-year, £3.7B TV deals when 12 of the 20 clubs made losses. Stoke City Owner Peter Coates, who "argued forcefully for the clubs to adopt the financial regulations, said he was pleased they had had the desired effect." Coates: "In previous years every time the money came in, before you could blink it had all gone in players' wages. We couldn't have that happen this time. It is a difficult balancing act and we will now be criticized for making too much money and not investing it, but I didn't believe we could continue being the world's richest league while all losing money." The wage restraint required by the financial regulations, as well as UEFA's FFP rules limiting losses for clubs in European competition, "led to clubs overall" being around £500M better off. The Premier League "welcomed the turnaround in profitability of the clubs" while the Deloitte said that it was the "first time an overall profit had been made" since '97-98. The wage restraint, consequent profits made and cash reserves built up by clubs, coupled with the new '16-19 TV deals which are expected to total £8B ($12.3B), "may lead to a new round of clubs being bought as investments and current owners selling at a profit" (GUARDIAN, 4/29).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/05/01/Finance/EPL-Profit.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/05/01/Finance/EPL-Profit.aspx

CLOSE