Manchester City did the almost impossible and scored two stoppage time goals to win the premier league. But did they buy the league?
The league's official name is constantly changing. First it was the FA Carling Premiership. In 2001 it became the Barclaycard Premiership. In 2004 it became the Barclays Premiership. And in 2007 it became the Barclays Premier League. Spurned by a massive TV rights deals and the most expensive ticket prices in the world, EPL revenues topped $2.9 billion domestic TV deal, the EPL negotiated contracts with networks all over the world to broadcast its games lives. Those contracts amount to another cool $2.3 billion
Despite that massive revenue, EPL teams lost nearly $800 million in 2009-10. Deloitte estimates that inflated player salaries have a lot to do with this. 67% of that $2.8 billion revenue went to player wages, whereas only 51% of the revenue generated by the German Bundesliga went to player wages. Chelsea has the biggest salary figure at about $286 million. That's $90 million more than the New York Yankees spend on players. The average Chelsea player makes $6.79 million — about $600,000 more than the average Yankees player — making the club the fourth highest-paying team on Earth. League champions Manchester City is No. 3, paying its players an average of $7.40 million each.
The lack of real competition of the league is demonstrated by the fact that Arsenal, Aston Villa, Chelsea, Everton, Liverpool, Manchester United, and Tottenham (all in the top seven again this season) have never been relegated while 45 different clubs have spent at least one season in the EPL
Between 2008, when Abu-Dhabi-based oil magnate Sheikh Mansour bin Zayed Al-Nahyan bought Man City, and the end of last season, the club’s total cash outlay was £930.4m, of which only £365.3m was generated from their own operations. The remainder – £565.1m – had to be supplied by Mansour, the club’s billionaire benefactor. When the gap between their income and expenditure peaked in the 2009-10 season, City were spending £3.04 for every £1 they earned. In the first three years under Mansour, they spent £266 million cash on players after sales. Over the same period the cumulative outlay on wages was £390 million, meaning City were spending on salaries alone more than their income, of £365.3 million
Aston Villa, Blackburn Rovers, Bolton Wanderers, Everton and West Ham United have spent significantly more than they have earned. Top-flight clubs spent £2.51 billion in cash, which was £285.8 million more than they earned. Premier League clubs’ net debt was £1.39 billion, costing them £97.2 million in debt-interest payments. The Premier League generated £2.23 billion of income, which equates to 0.148 per cent of the entire output of the UK economy. Clubs spent almost £400 million on signings after player sales. Wages for players and staff cost clubs £1.52 billion.
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Beckham can pick and choose what he does. He felt able to turn down a Paris Saint-German contract worth £8m to stay in California with his family. He is the highest-paid player in Major League Soccer but the £4m basic he earns with LA Galaxy. The Sunday Times Sport Rich List notes that this is a fraction of his annual earnings of £25m from grooming products and endorsements with such companies as Adidas and perfume maker Coty. Two deals this year with Samsung and Sainsbury added £7m to his wealth. His company, Footwork Productions, paid him nearly £86m in salary and dividends from 2002-2010.
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The league's official name is constantly changing. First it was the FA Carling Premiership. In 2001 it became the Barclaycard Premiership. In 2004 it became the Barclays Premiership. And in 2007 it became the Barclays Premier League. Spurned by a massive TV rights deals and the most expensive ticket prices in the world, EPL revenues topped $2.9 billion domestic TV deal, the EPL negotiated contracts with networks all over the world to broadcast its games lives. Those contracts amount to another cool $2.3 billion
Despite that massive revenue, EPL teams lost nearly $800 million in 2009-10. Deloitte estimates that inflated player salaries have a lot to do with this. 67% of that $2.8 billion revenue went to player wages, whereas only 51% of the revenue generated by the German Bundesliga went to player wages. Chelsea has the biggest salary figure at about $286 million. That's $90 million more than the New York Yankees spend on players. The average Chelsea player makes $6.79 million — about $600,000 more than the average Yankees player — making the club the fourth highest-paying team on Earth. League champions Manchester City is No. 3, paying its players an average of $7.40 million each.
The lack of real competition of the league is demonstrated by the fact that Arsenal, Aston Villa, Chelsea, Everton, Liverpool, Manchester United, and Tottenham (all in the top seven again this season) have never been relegated while 45 different clubs have spent at least one season in the EPL
Between 2008, when Abu-Dhabi-based oil magnate Sheikh Mansour bin Zayed Al-Nahyan bought Man City, and the end of last season, the club’s total cash outlay was £930.4m, of which only £365.3m was generated from their own operations. The remainder – £565.1m – had to be supplied by Mansour, the club’s billionaire benefactor. When the gap between their income and expenditure peaked in the 2009-10 season, City were spending £3.04 for every £1 they earned. In the first three years under Mansour, they spent £266 million cash on players after sales. Over the same period the cumulative outlay on wages was £390 million, meaning City were spending on salaries alone more than their income, of £365.3 million
Aston Villa, Blackburn Rovers, Bolton Wanderers, Everton and West Ham United have spent significantly more than they have earned. Top-flight clubs spent £2.51 billion in cash, which was £285.8 million more than they earned. Premier League clubs’ net debt was £1.39 billion, costing them £97.2 million in debt-interest payments. The Premier League generated £2.23 billion of income, which equates to 0.148 per cent of the entire output of the UK economy. Clubs spent almost £400 million on signings after player sales. Wages for players and staff cost clubs £1.52 billion.
Source
Beckham can pick and choose what he does. He felt able to turn down a Paris Saint-German contract worth £8m to stay in California with his family. He is the highest-paid player in Major League Soccer but the £4m basic he earns with LA Galaxy. The Sunday Times Sport Rich List notes that this is a fraction of his annual earnings of £25m from grooming products and endorsements with such companies as Adidas and perfume maker Coty. Two deals this year with Samsung and Sainsbury added £7m to his wealth. His company, Footwork Productions, paid him nearly £86m in salary and dividends from 2002-2010.
Source
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