re: EPL clubs as a whole turn record profit

Posted on 3/27/15 at 2:36 pm to wm72

Posted by StraightCashHomey21

Aberdeen,NC

Member since Jul 2009

125495 posts

Posted on 3/27/15 at 2:36 pm to wm72

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Spurs made 65.3 million in profit

also

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quote:
Premier League clubs have agreed to share at least £1bn of their record UK TV rights deal with lower league sides and grassroots football.
The money will include parachute payments to relegated clubs and a living wage for all full-time staff.
The Premier League sold the live TV rights for £5.136bn to Sky and BT for three years from 2016.
Donations have risen 40% from £700m after TV rights money increased by 70% from £3bn.
The £1bn figure, agreed at a meeting of Premier League clubs on Thursday, is dependent on a regulatory challenge from Ofcom and income from international TV rights sales.
In addition to providing parachute payments to relegated teams, the Premier League's member clubs agreed to invest in five key areas:
Grassroots facilities
Participation
Fan engagement and match day experience
Solidarity with lower leagues
Supporting disadvantaged groups
Premier League chief executive Richard Scudamore said: "These are unprecedented levels of redistribution in world sport, let alone football, which will deliver long-term progress for English football whether you are a fan, lower-league club or involved in the grassroots."
All full-time staff at Premier League clubs will be paid the living wage - based on the amount an individual needs to earn to cover the basic costs of living - by the start of the 2016-17 season.
The living wage is currently set at £9.15 an hour in London and £7.85 an hour in the rest of the UK.

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Posted by StraightCashHomey21

Aberdeen,NC

Member since Jul 2009

125495 posts

Posted on 3/30/15 at 4:25 am to StraightCashHomey21

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quote:
Newcastle United has announced record profits of £18.7m for the year ending June 2014.

The club revealed on their website that this figure is up by almost 50% from a year earlier when total profits were £9.9m.

quote:
The results signal a fourth consecutive year of record profits, with commercial revenue playing a greater role in the increase.

A statement on the website reads: “Operational losses of £0.6m in 2013 have been turned into an operating profit of £4.7m as the club continues to outperform UEFA Financial Fair Play regulations.

“The club's turnover rose to £129.7m, up from £95.9m the previous year. Matchday revenue, which includes ticket sales and hospitality, dropped slightly to £25.9m, down from £27.8m in 2013, when the club hosted seven additional home games as a result of its participation in the UEFA Europa League.

“Season ticket renewal figures held steady, as did average Premier League attendances, which were 50,395 compared to 50,517 the previous season.

“Most significantly, the club reported strong commercial revenue growth delivering £25.6m in 2014, up from £17.1m in 2013.”

Newcastle United managing director Lee Charnley said: "I am pleased to report a positive set of results which confirms the healthy financial position the club now finds itself in and is a reflection of the prudent and measured manner in which we operate.

"The club benefits from a supportive owner and is financially stable. This gives us a strong platform from which to grow, both on and off the pitch, a result of which means, as we move forward, we are able to net spend on the playing squad and invest in other areas of the business.

"The most pleasing aspect in this set of accounts has been the growth in our commercial revenue and it has been our strongest year yet in that respect.

"With our commitment to keeping ticket prices affordable for our supporters growing our commercial income has been crucial.

"We believe financial stability will deliver positive on-field results for the club."