Despite roaring revenue growth, few clubs make money
. As the only period when European clubs can buy and sell players, it allows supporters across the continent to fantasise about potential signings that might carry their team to glory. But during this summer’s window, which shut on September 1st, most of the excitement has been concentrated in England .did record business, according to data from transfermarkt.com, a website. Taken together, they spent €2.24bn on new players, even more than the €2.
But the extravagance has largely been driven by the Premier League’s growing clout. A new three-year international broadcast deal worth £5bn kicks in this season. According to Deloitte, a consultancy, that will push Premier League clubs’ revenues beyond €7bn, a 9% increase over last season and nearly double that of Spain’s, the next richest league. On average each Premier League club is projected to draw in some €349m.
Yet despite roaring revenue growth, few clubs make money. According to Swiss Ramble, a football blogger, only two Premier League teams reported an operating profit in the ten seasons to 2019-20. Clubs on the continent are also spending beyond their means to keep up. This summer Barcelona sold many of their assets, including a share of future income, to finance new signings. Barça spent €153m, the most among non-English clubs.
The sport’s authorities are trying to rein in reckless spending. UEFA, the governing body for European football, has announced restrictions that will prevent clubs from spending more than 70% of their revenues on transfers, wages and agents’ fees by 2025. The Premier League is separately planning to introduce similar restrictions, according to theAs the Premier League’s revenue soars, that will only entrench the gap between it and the rest of the continent.
and the six English clubs involved abandoned the idea. Then again, their choice was made easier by the fact that they are already in a super league of their own.
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