The 20 clubs from the Premier League generated £3.3 billion in revenue during the 2014/2015 season, according to The Daily Mail. Meanwhile, their wages reached a staggering amount, one that beat down the rest of Europe.
The astonishing figures are revealed in Deloitte’s annual review of football finance, which also found that the top five European leagues – England, Germany, Spain, Italy and France – combined for a record £9.2 billion in revenue and that the Premier League generated more than £1.5 billion more than the German Bundesliga, which was the next highest-earning league.
Meanwhile, the Premier League’s total wage bill rose to £2.04 billion. That’s more than the next highest payers in the Italian Serie A (£986 million) and the Spanish La Liga (£977 million) added together.
During the Premier League’s first season (1992/1993), the average basic first-team salary was £77,000 a year, or £1,480 per week. The current corresponding Premier League figures are around £1.8 million a year basic, which is £34,000 a week.
Wage costs grew at a faster rate than revenues in 2014/2015 and as a result the Premier League’s wages/revenue ratio rose from 58 per cent to 61 per cent. However, this represents the second lowest level since 2004/2005 and is 10 percentage points lower than in 2012/2013.