BusinessCompany NewsDeloitte finds football wages on the slide

Deloitte finds football wages on the slide

First drop in wages in premiership history

Deloitte’s latest survey of football finances has found that player
pay-packets in the Premier League fell in the 2004/05 season, the first time
this has happened.

Despite this unprecedented fall, the UK’s top league is still the world’s
biggest earner with its 20 clubs generating £1.3bn, the report said. Overall the
total wage bill for the Premier League fell by 3%.

The report also found that the Red Devils – Manchester United – was again the
biggest revenue earner with £159m, despite losing out to Chelsea for the
premiership crown in the last two years.

Chelsea earned £149m, Liverpool – following its Champions League victory –
earned £122m while Arsenal came fourth – equalling its current league position –
with £115m.

Dan Jones, partner in sports business at Deloitte said the 3% reduction in
the total wage costs for Premiership clubs ‘provides a stark contrast’ to the
20% growth experienced in previous years.

He said the latest analysis further supported the improving balance between
revenue and costs, not just in England, but also across Europe.

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