The Premier League’s status as financial heavyweights was shown in a latest report as the European football market grew by 16% to €35.3 billion [£29.8 billion], according to Deloitte, in the 2022-23 season.
The ‘top five’ European leagues generated total revenue of €19.6 billion, up 14% on the previous campaign, and reported an aggregate operating profit [€0.5 billion] – a first since 2018-19.
Boosted by the lifting of the leftover restrictions on coronavirus and the Qatar 2022 FIFA World Cup, were Coffers — according to the Annual Review of Football Finance published by the Deloitte Sports Business Group.
Revenue increase in the different Leagues like Premier League, LaLiga, Bundesliga, Serie A and Ligue 1 was also boosted by numerous factors, notably a good rise in matchday revenue and sponsorship deals.
Premier League teams’ revenue increased 11% to surpass £6 billion for the first time, posting an aggregate revenue of £6.1 billion [$7.75 billion].
Net debt in England’s top division in 2022-23 climbed from £2.7 billion to £3.1 billion, mainly by funding for infrastructure projects.
Sides in the Serie A and Bundesliga posted the largest average percentage growth cutting across the last season.
Serie A clubs’ total revenue equalled €2.9 billion while Bundesliga teams were able to generate a total revenue of €3.8 billion.
Tim Bridge, the lead partner in Deloitte’s Sports Business Group, said: “The 2022 FIFA World Cup, the lifting of final Covid-19 restrictions, and the fervour of fans engaging with football has led to strong growth in the European football market in 2022/23.
“Football is growing into an ever more globally connected game, and this brings new challenges to maintaining competitive balance, strong governance and regulation.
“Leaders across the industry must provide a united front in following good governance principles to build a future for European football that fans, players, and partners across leagues can be excited for.”
England’s triumph at the 2022 Women’s Euros helped spark a 50% growth in Women’s Super League clubs’ revenue, which hit up to £48 million. It is predicted to rise to £68 million in 2024-25.
