re: EPL clubs as a whole turn record profit

quote:

---

Manchester City believe they will comply with Uefa’s financial fair play break-even rules this season after announcing they reduced their annual loss to £23m in 2013-14. In the season during which the club won the Premier League and Capital One Cup trophies, City made income of £347m, a £76m increase on 2012-13, by far a record for the club.

The annual accounts show Sheikh Mansour of Abu Dhabi, who bought City in 2008, has invested £1.15bn over six years, more than that invested by Roman Abramovich in Chelsea and therefore the most by any owner in English football history. That includes £160m invested during 2013-14 to build the huge academy complex due to open on Monday across the road from the Etihad Stadium. The project has included a contribution of around £20m towards community facilities including a school and leisure centre next to the academy.

Ferran Soriano, City’s chief executive, said the £23m loss, which includes the £16m reduction in Champions League payments from Uefa because of City breaching FFP rules over the 2012 and 2013 accounting years, reflected “a new level of financial sustainability”. Soriano said City were expecting to make a profit in this financial year and to enter next season with “no outstanding sanctions or restrictions”.

---

quote:

---

The football club predicts that profits and revenues will fall in 2015 after failing to qualify for the Champions League for the first time in 20 years.
The prediction comes as it reports a plunge in profits, despite record revenues for 2014.
Net income fell 84% for the year to 30 June to £23.8m, down from £146m a year ago.
Manchester United said that was due in part to last year's profit being boosted by a one-off tax credit, without which it would have made a loss.
The club, majority-owned by the American Glazer family, said revenue increased 19% to £433.2m in the 2013-14 financial year, thanks to improved TV and sponsorship deals.
However, that is now predicted to fall to between £385m and £395m.
Similarly, underlying profits were £130.1m for the year to 30 June and that is now forecast to fall to between £90m and £95m.

---

quote:

---

Chelsea FC plc today announced a profit of £18.4 million and a record turnover of £319.8 million for the year ended 30 June 2014. This is the second profit in three years and the largest since Roman Abramovich became owner of the club in 2003.

These results ensure UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations continue to be satisfied.

The £18.4 million profit follows the £1.4 million generated two years ago. Strong revenue increases as well as a significant surplus on player sales during the 12-month period contributed.

The turnover figure – up from £255.8m - increased for a fifth consecutive year, demonstrating business growth continues in seasons without trophy success as well as in years when silverware is won. The new FAPL broadcasting deal contributed significantly as did commercial income. In the past year we have signed new partnerships with Rotary, Hackett, Coral, William Lawson’s, Indosat and Guangzhou R&F Football Club.

---

quote:

---

Liverpool Football Club has reported a profit for the first time in seven years, largely as a result of a rise in revenue from the Premier League.
The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared with losses of £49.8m a year earlier.
Revenues were 19% higher at £255.6m, the club added.
Highlighting the importance of TV broadcast revenue, Liverpool said media revenues increased 46% to £100.9m.
That compared with a 5% increase in commercial revenue to £103.8m, as the club agreed seven new sponsorship deals.
It said several more had been agreed in the new financial year.
The club also reported a £12.2m rise in net debt to £57.3m.
But it added overall debt had decreased from £237m since 2010 when Fenway Sports Group, the US investment company run by John W Henry, took control of the club.
Liverpool has also now moved back up to ninth place in Deloitte's Football Money League, having dropped to 12th place the previous year.

---