A detailed financial report of what English Premier League teams made in the 2013/14 season has been released.
Manchester United were reported to have the highest turnover with £433m (up from £363m in 2012). While Manchester City were second with £347m (up from £271m in 2013).
Chelsea and Arsenal were 3rd and 4th with £324m (up from £260m in 2013) and £304m (up from £283m in 2013) respectively. Liverpool, Tottenham, Newcastle finshed 5th, 6th and 7th.
See list of Top Money Earners below;
-Turnover: £433m (up from £363m in 2012)
-Gate and matchday income £108m
-TV and broadcasting £136m
-Commercial activities £189m
-Wage bill 1st highest, £215m (up from £181m in 2013)
-Wages as proportion of turnover 50%
-Profit before tax £41m (following £9m loss in 2012)
-Net debt £275m
-Interest and finance costs £28m
-Highest-paid director Not stated
Nine years after their debt-loading buyout, which has cost United around £700m in interest and fees, the club still bears £342m of the Glazers’ borrowings but the income is spectacular.
The obsessive sale of sponsorships, TV and huge stadium income made United £433m, £86m more than the Premier League’s next highest-earning club, City, which has support from Abu Dhabi sponsors.
– Turnover: £347m (up from £271m in 2013)
-Gate and matchday £47m
-TV and broadcasting £133m
-Commercial activities £166m
-Wage bill 2nd highest, £205m (down from £233m in 2013)
-Wages as proportion of turnover 59%
-Loss before tax £23m (following £52m in 2013)
-Net debt £46m
-Interest payable £1m
-Highest-paid director No directors of Manchester City Limited were paid.
City’s income dramatically increased in a title-winning season and the loss included Uefa’s £16m deduction under financial fair play rules for the previous two years’ £151m losses. City reduced their wage bill by £28m, mostly due to 125 staff being moved into the accounts of a parent company, City Football Group, which also services Mansour’s New York City, Melbourne City and his minority stake in Yokohama Marinos.
– Turnover: £324m (up from £260m in 2013)
-Wage bill 3rd highest, £192m (up from £179m in 2013)
-Wages as proportion of turnover 59%
-Profit before tax £15m (following £57m loss in 2013)
-Net debt £1bn
-Interest payable £Nil
-Highest-paid director Unnamed, £1.425m (Ron Gourlay was the chief executive throughout the year; resigned October 2014)
Abramovich nevertheless increased his loans by a further £57m, lifting his total funding of Chelsea to a historically astonishing £1.041bn. Chelsea then bought big and well.
Arsenal Holdings PLC major shareholders are: Kroenke Sports Enterprises UK (registered in Delaware, owned by US resident Stan Kroenke) 67%. Red and White Securities Limited (owned via Jersey, by Russian resident Alisher Usmanov and Farhad Moshiri) 30%
-Turnover 4th highest in league, £304m (up from £283m in 2013)
-Gate and matchday income £100m
-TV and broadcasting £121m
-Property development £3m
-Player trading £0.5m
-Wage bill 4th highest, £166m (up from £154m)
-Wages as proportion of turnover 55%
-Profit before tax £5m (down from £7m)
-Net debt £33m
-Interest payable £14m
-Highest-paid director Ivan Gazidis £2.191m
Arsenal’s modern struggle has been to translate copious earnings from high-paying supporters at the Emirates Stadium into football success, and they are making progress. In 2013-4 they salvaged a summer of grumbles by splashing £42.5m for Mesut Özil, a club record-breaking signing. A huge £54m was put in the bank where Arsenal had £208m on deposit. Hence they bought again last summer, with £30m Alexis Sánchez the stand-out move. Debt from building the Emirates remained £240m but Arsenal, as always planned, are managing it comfortably.
-Turnover: £256m (up from £206m in 2013)
-Gate and matchday income £51m
-TV and broadcasting £101m
-Commercial activities £104m
-Wage bill 5th highest, £144m (up from £132m in 2013)
-Wages as proportion of turnover 56%
-Profit before tax £1m (following £50m loss in 2013)
-Net debt £126m
-Interest payable £5m
-Highest-paid director Unnamed, £1.032m (Ian Ayre is the managing director)
There was £37m boost to TV money and wages increased only £12m.
Club owners, Fenway Sports Group, plan for Anfield expansion to accrue cash significant enough to close the gap on higher-earning clubs – around half the 8,500 extra main-stand seats will be corporate.