Football Clubs News | Football Leagues/ Association and Governance
The Premier League wage bill has reached a record high, it has been revealed.
Research conducted by Deloitte shows English clubs in the top flight spent 13 per cent more on paying their playing staff in the 2006/07 season than they did in 2005/06.
This means that the total wage bill for Premier League clubs reached £969 million.
Although this rise was accompanied by a revenue increase, it was not enough to halt the strengthening of the wages to turnover ratio which now stands at its highest level since the Premier League's inception in 1992.
"A shared will and action individually by all the clubs to limit wages growth would deliver increased profitability for all," writes Dan Jones, a partner at the Deloitte Sports Business Group, in the report.
"But the pursuit of on-pitch success and intense competitive desire to gain an edge mean clubs continue to invest heavily in their playing squads and bid the market up to the detriment of clubs' finances and the benefit of players and their agents."
The top five wage bills in the Premier League are Chelsea, Manchester United, Arsenal, Liverpool and Newcastle.
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
