According to a new figure by consulting firm Deloitte, the big five European football leagues have accumulated a whopping 15.6 billion Euros. This was possible by an annual growth of 6% from the previous season. Premier leagues are leading the race.
There are bunch of factors functioning behind this increase. There were bunch of broadcasting deals in Germany. There has been growth in UEFA’s distribution to English Premier league clubs. The FIFA World Cup last held in Russia also played an imperative role. European football market is now worth of 28.4 billion euros. The number is record high in recent time.
Dan Jones, the partner and head of Sports Business Group at Deloitte commented, “European club football is in the strongest financial position that we’ve ever seen.
This reflects the drive among leading clubs to generate ever greater revenues to find success on the pitch and also the sustained efforts of UEFA to improve profitability and sustainability of clubs through Financial Fair Play and club licensing.
While the premier league retains its leading position financially, we expect to see other leagues continue to grow in the coming years.”
This is the first time the big five of Premier leagues took part in UEFA. That caused a hike in revenue which rose up to 4.8 billion pounds.
Jones added his analysis on the development, “With the sale of Premier leagues’ international and domestic broadcast rights now complete for the 2019-20 and 2020-21 seasons, resulting in overall 8% revenue increase, Premier league clubs will receive further increases in central distributions in the coming seasons.
“However, the increase is as not as significant as in the previous two cycles and therefore clubs will aim to improve their competitive and financial position through developing and growing other commercial revenue.”