Latest news with #AnnualReviewofFootballFinance
Japan Today
a day ago
- Business
- Japan Today
Premier League 'under strain' despite record £6.3 bil revenues
Fan protests over rising ticket prices have become commonplace in the Premier League soccer The combined revenue of Premier League clubs rose to a record £6.3 billion ($8.5 billion, 7.5 billion euros) in the 2023/24 season, but fan unrest and worsening competitive balance are cause for concern, according to financial experts Deloitte. The rise in income for England's 20 top-flight clubs was fueled by commercial income surpassing £2 billion for the first time and a rise in matchday revenue beyond £900 million. English clubs continue to enjoy a huge financial advantage over their European rivals. Spain's La Liga, the second highest revenue-generating league, earned just over half that amount at 3.8 billion euros, almost 50 percent of which came from Real Madrid and Barcelona. However, fan protests have become a common sight at Premier League stadiums over rising ticket prices and the squeezing out of local supporters to make way for more tourists willing to spend more for a special matchday experience. "There can be no doubt that the system in English football is under strain," said Tim Bridge, the lead partner in the Deloitte Sports Business Group. "Repeated reports of fan unrest at ticket price and accessibility demonstrate the challenge in the modern era of balancing commercial growth with the historic essence of a football club's role and position in society: as a community asset." There is also uncertainty over the implications of an incoming independent regulator for England's top five leagues. And for the past two seasons, all three promoted clubs from the Championship have been immediately relegated back to the second tier. "The financial implications of the 'yo-yo effect' on clubs, their spending, and overall competitiveness are major factors to address in order to continue attracting high levels of investment across the system," added Bridge in Deloitte's Annual Review of Football Finance. Total revenue of European clubs rose by eight percent in the 2023/24 campaign to 38 billion euros, boosted by increased commercial revenue and stadium developments. The women's game also continues to grow commercially, particularly in England's Women's Super League (WSL). Collective revenues in the WSL rose 34 percent to £65 million in 2023/24 and are projected to reach £100 million in the upcoming season. © 2025 AFP
Egypt Today
a day ago
- Business
- Egypt Today
European game generated 38 bln euros in 2023-24 season, study shows
(Reuters) - Europe's soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. "A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season," Tim Bridge, lead partner in Deloitte's Sports Business Group, said. "However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. "The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. "More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come." Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL REVENUE SOARS Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. "Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth," Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. "Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game."
Yahoo
a day ago
- Business
- Yahoo
Deloitte report: European football revenue grows to €38 billion
Liverpool players celebrate on the open-top bus during the Premier League winners parade in Liverpool. Danny Lawson/PA Wire/dpa The European football market has grown by another 8% to a record €38 billion (€43.5 billion) in the 2023-24 season, according to the Annual Review of Football Finance published on Thursday by professional services company Deloitte. England's Premier League leads the way again as the top five leagues in Europe contributed €20.4 billion, a rise by 4%, the other being Germany's Bundesliga, Italy's Serie A, La Liga in Spain and Ligue 1 in France. Advertisement The 96 clubs achieved an operating profit the second straight season, of €600 million, according to the report which does not include transfer income. Deloitte said that additional commercial revue was the main driver, which in England reached €2 billion for the first time and €8 billion across the five leagues. Broadcast rights revenue remained the biggest source with €9.4 billion. England led the way again with €7.354 billion in total revenue, a rise of 8%, far ahead of Germany (€3.797 billion) and Spain (3.764 billion). The Bundesliga figure was a 1% decline from 2022-23, as matchday and commercial revenue went down 2% each while broadcast rights income rose 1%. Advertisement Deloitte named as the main reason for the drop the relegation of Schalke and Hertha Berlin, clubs with big stadiums and fan bases. Stefan Ludwig, head of Deloitte's Sport Business Group in Germany, said he expects the big five leagues to top €21 billion in 2024-25, but then stagnation because done broadcast deals show that none of the leagues managed a significant increase. In general, he added: "The pressure on clubs is increasing. They have to generate additional income and at the same time cope with rising costs in order to remain competitive."
Indian Express
2 days ago
- Business
- Indian Express
European game generated 38 bln euros in 2023-24 season, study shows
Europe's soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues — Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 — generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. 'A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season,' Tim Bridge, lead partner in Deloitte's Sports Business Group, said. 'However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. 'More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL REVENUE SOARS Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. 'Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth,' Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. 'Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game.'
The Sun
2 days ago
- Business
- The Sun
European Football Revenue Hits €38B, WSL Grows 34%: Deloitte
EUROPE'S soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. 'A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season,' Tim Bridge, lead partner in Deloitte's Sports Business Group, said. 'However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. 'More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL revenue soars Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. 'Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth,' Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. 'Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game.'
