The European football market will grow by 16% in the 2022-23 season, up to 35.3 billion euros, thanks to the lifting of the restrictions of COVID 19which marks the return of fans to stadiums, and to the 2022 World Cup, according to a study published by Deloitte.
In its ‘Annual Review of Football Finance’, Deloitte points out that the five major leagues – Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 – generated 19.6 billion euros in revenue, representing an increase of 16%. They also reported a consolidated operating result (€500 million) for the first time since 2018-19, the last season before COVID restrictions hit leagues across the continent.
“The 2022 FIFA World Cup, the lifting of the final COVID-19 restrictions and the enthusiasm of fans engaging with football have led to strong growth in the European football market in 2022-23,” he said, Deloitte’s ‘ senior partner. Sports Business Group’.
Premier League clubs also saw their revenues exceed £6 billion ($7.60 billion) for the first time thanks to 11% growth, with average revenues exceeding £300 million. According to the report, the average ratio between salaries and income fell in all leagues, as the increase in aggregate income exceeded the increase in the wage costs of the clubs.
For their part, Championship clubs, the second English category, saw their income grow by 10%, to 749 million pounds, by exceeding salary costs (706 million pounds) for the first time since 2016- 17 campaigns. However, no Championship club generated an operating profit (before player trading) while the league posted operating losses of £316m.
Championship revenue rebounds
Championship clubs spend millions trying to gain promotion to the Premier League, with promotion carrying a windfall of at least £140m, rising to more than £300m if they avoid relegation. “The English Football League (EFL) may have seen a rebound in revenue in 2022-23, but clubs across the EFL are still struggling to manage cash demands,” Bridge added.
“Many clubs are supported by owner funding as they bid for promotion, but leaving the league at the wrong end exposes a club to instability.” “That is why a long-term stability strategy, backed by adequate support from governing bodies, is essential.” League One and League Two also reported an increase in revenue in 2022-23, as 19.8 million fans attended games in the three lower leagues, the highest combined figure in 69 seasons. (1 US dollar = 0.9323 euros); (1 US dollar = 0.7899 pounds)
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
