Massive Money On Way For Ashley As 13 Premier League Clubs Show Profits
Football analysts Deloitte have revealed that 13 of the 20 clubs in the Premier League made a profit in the 2012/13 season.
Newcastle United were not one of those thirteen, making a small operating loss, but then the books showing a near £10m profit after player trading/amortisation.
In these days of ever increasing TV riches, the figures for the season just ended will undoubted show an ever better picture for club owners, largely due to the extra tens of millions every club will have received this past season from broadcasting.
Sadly, the picture overall yet again shows much/most of that extra revenue going out to players, with wages topping £1.8billion for the Premier League as a whole, which was a record 71% of the total revenues.
The total revenue was £2.52billion in 2012/13 and shows the strength of the Premier League when comparing the money generated by others.
Germany’s Bundesliga generating £1.7billion, La Liga £1.6billion and Serie A £1.4billion.
Though when it comes to profit, Germany is easily top with combined profits of £226m, as compared to England’s £82m
With Deloitte estimating that the Premier League will have seen combined income surge by 30% to £3.2billion in the season just ended.
Taking on minimal extra costs such as Remy’s loan deal, then taking into account the extra TV money, it isn’t hard to guess whether Mike Ashley will have made an operating profit this season..
Then when you start and add on Yohan Cabaye’s transfer fee, the results after players trading will be interesting to say the least!
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