SlideShare ist ein Scribd-Unternehmen logo
1 von 10
Downloaden Sie, um offline zu lesen
Annual Review of Football Finance 2015 Sports Business Group 1
Revolution
Annual Review of
Football Finance
Sports Business Group
June 2015
2
Please visit our website at www.deloitte.co.uk/sportsbusinessgroup
to access/download a free copy of the
Deloitte Annual Review of Football Finance 2015 – Highlights
and/or to purchase a copy of the full report.
Full report price £1,000
Discounted price for students and educational establishments £100.
Half of all profits from sales of the report will be donated to Prostate Cancer UK.
Prostate Cancer UK is a Deloitte National Charity Partner for 2013-16.
Prostate Cancer UK is a registered charity in England
and Wales (1005541) and in Scotland (SC039332).
Registered company 2653887.
The 2013/14 season’s financial results
for the Premier League are the most
remarkable in over 20 years of
compiling the Deloitte Annual Review
of Football Finance, which documents
English professional football’s business
and commercial performance.
Annual Review of Football Finance 2015 Sports Business Group 1
Introduction
Welcome to the 24th edition of
the Deloitte Annual Review of
Football Finance, compiling our
analysis and commentary on the
recent financial developments
within and prospects for the
world’s most popular sport.
The Annual Review of Football
Finance is produced by the
Deloitte Sports Business Group
and is available to purchase at
www.deloitte.co.uk/arff
The full report covers the following:
•	 A review of Europe’s premier
leagues
•	 Revenue and profitability of
England’s top two leagues
•	 Wages and transfers of
England’s top two leagues
•	 An overview of club financing
and investment in England
2
Europe’s premier leagues
+1%
€1.7billion
ITALY
+13%
€2.3billion
GERMANYENGLAND
+32%
€3.9
billion
+15%
€1.5billion
FRANCE
+3%
€1.9
billion
SPAIN
€1.1 billion
+9%
49%
G E RMAN Y
€1.0 billion
+11%
64%
F R AN C E
€2.3 billion
+9%
58%
E NG L AND
€1.2 billion
+0%
70%
I T A L Y
€1.2 billion
+9%
60%
S P A I N
Top division clubs’ revenue 2013/14
Top division clubs’ total wages
and ratio to revenue 2013/14
The Premier League is Europe’s
market leader, generating revenue
of €3.9 billion in 2013/14. This
is over €1.6 billion more than its
nearest rival the Bundesliga.
Annual Review of Football Finance 2015 Sports Business Group 3
Revenue and profitability
Manchester United recorded the
largest operating profit (£117m) £614m
Record Premier League
operating profit
2013/14 was a year of records in the Premier
League. Manchester United recorded the highest
ever operating profit of £117m and the league’s
overall operating profit of £614m was a new
league high.
4
0
200
400
600
800
402
56%
2007/08
243
81%
2010/11
735
16%
2013/14
Revenue increase Absorbed by wages
Revenue increases in first year
of last three broadcast deals
and % of increase absorbed by
wages (£m)Total transfer
expenditure for the
92 English League
clubs in 2013/14
£1 billion+
Total Premier
League wages
in 2013/14
£1.9 billion
Unlike in previous years, where revenue increases
have, on the whole, resulted in increased wage costs,
only 16% of the additional revenue was absorbed
by wages.
Wages and transfers
Annual Review of Football Finance 2015 Sports Business Group 5
2014 was the first calendar
year since 1996 in which there
were no insolvency events in
the Football League
Aggregate net
debt for the
Premier League
clubs
£2.4 billion
2013/14 saw record levels of cash on the balance
sheets of Premier League clubs (in large part, thanks
to the Premier League’s new broadcast deals) which
helped to reduce aggregate net debt to £2.4 billion.
Club financing and investment
6
European football
market size to exceed
€25 billion
in 2016/17
International broadcast
rights fees to the Premier
League to exceed
£1 billion
per season from
2016/17
Combined global
broadcast rights fees
to the ‘big five’
leagues to surpass
€7.5 billion
in 2016/17
Premier League
clubs’ aggregate
attendances
to exceed
15 million
by 2019/20
Premier
League clubs’
operating
profits to exceed
£1 billion
in 2016/17
Combined
revenue across all
92 clubs to exceed
£5 billion
in 2016/17
La Liga to overtake
the Bundesliga
as the second highest
revenue generating
league by
2016/17
What do we think will
happen next?
Annual Review of Football Finance 2015 Sports Business Group 7
Basis of preparation
Basis of preparation
Our review of the financial
results and financial position
of English football clubs, and
comparisons between them,
has been based on figures
extracted from the latest
available company or group
statutory financial statements
in respect of each club – which
were either sent to us by
the clubs or obtained from
Companies House. In general,
if available to us, the figures
are extracted from the annual
financial statements of the legal
entity registered in the United
Kingdom which is at, or closest
to, the ‘top’ of the ownership
structure in respect of each club.
Our review of the financial
results and financial position
of clubs in various European
leagues, and comparisons
between them, has been based
on figures extracted from the
company or group financial
statements or from information
provided to us by national
associations/leagues.
Each club’s financial
information has been
prepared on the basis of
national accounting practices
or International Financial
Reporting Standards (“IFRS”).
The financial results of some
clubs have changed, or may in
the future change, due to the
change in basis of accounting
practice. In some cases these
changes may be significant.
In relation to estimates and
projections, actual results are
likely to be different from those
projected because events and
circumstances frequently do not
occur as expected, and those
differences may be material.
Deloitte can give no assurance
as to whether, or how closely,
the actual results ultimately
achieved will correspond to
those projected and no reliance
should be placed on such
projections.
Availability of financial
information regarding
football clubs
For the 2013/14 season there
were several Football League
clubs for which financial
statements were not available
to us at June 2015.
Divisional totals have been
‘grossed up’ to represent an
estimate of the full divisional
total for comparison purposes
(from year to year or between
divisions). Where necessary,
the aggregate divisional totals
for European leagues have
been ‘grossed up’ in a similar
manner.
Limitations of published
information
In some cases we have made
adjustments to a club’s figures
to enable, in our view, a more
meaningful comparison of the
football business on a club by
club basis and over time. For
example, where information
was available to us, significant
non-football activities or
capital transactions have been
excluded from revenue.
Some differences between
clubs, or over time, are due
to different commercial
arrangements and how the
transactions are recorded in
the financial statements; or
due to different ways in which
accounting practice is applied
such that the same type of
transaction might be recorded
in different ways.
The publication contains a
variety of information derived
from publicly available or other
direct sources, other than
financial statements. We have
not performed any verification
work or audited any of the
financial information contained
in the financial statements or
other sources in respect of each
club for the purpose of this
publication.
The aggregated results shown
in this publication for the
clubs in the top four divisions
of English football are not a
true consolidation exercise
because transactions between
clubs, such as the transfer of
player registrations, are not
eliminated.
Wage costs
The published financial
statements of clubs rarely split
wage costs between playing
staff and other staff. Therefore,
the great majority of references
in this publication to wages
relate to the total wage costs
for a club/division, including
playing and non-playing staff.
Exchange rates
For the purpose of our
international analysis and
comparisons we have converted
all figures into euros using the
average exchange rate for the
year ending 30 June 2014
(£1 = €1.1958).
8
Sports Business Group
Dan Jones, Paul Rawnsley, Alan Switzer, Austin Houlihan and Adam Bull
Telephone: +44 (0)161 455 8787
PO Box 500, 2 Hardman Street, Manchester, M60 2AT, UK
E-mail: sportsteamuk@deloitte.co.uk
www.deloitte.co.uk/sportsbusinessgroup
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company
limited by guarantee, and its network of member firms, each of which is a legally separate and
independent entity. Please see www.deloitte.co.uk/about for a detailed description of the legal structure
of DTTL and its member firms.
Deloitte LLP is the United Kingdom member firm of DTTL.
This publication has been written in general terms and therefore cannot be relied on to cover specific
situations; application of the principles set out will depend upon the particular circumstances involved
and we recommend that you obtain professional advice before acting or refraining from acting on any
of the contents of this publication. Deloitte LLP would be pleased to advise readers on how to apply the
principles set out in this publication to their specific circumstances. Deloitte LLP accepts no duty of care or
liability for any loss occasioned to any person acting or refraining from action as a result of any material
in this publication.
© 2015 Deloitte LLP. All rights reserved.
Deloitte LLP is a limited liability partnership registered in England and Wales with registered number
OC303675 and its registered office at 2 New Street Square, London EC4A 3BZ, United Kingdom.
Tel: +44 (0) 20 7936 3000 Fax: +44 (0) 20 7583 1198.
Graphic design: www.heliographic.co.uk
Contacts

Weitere ähnliche Inhalte

Was ist angesagt?

The Deloitte CFO Survey - 2nd half-year 2019
The Deloitte CFO Survey - 2nd half-year 2019The Deloitte CFO Survey - 2nd half-year 2019
The Deloitte CFO Survey - 2nd half-year 2019Deloitte Switzerland
 
CFA Research Challenge - Equity Research Report - G4S
CFA Research Challenge - Equity Research Report - G4S CFA Research Challenge - Equity Research Report - G4S
CFA Research Challenge - Equity Research Report - G4S Rory Blundell
 
Investor Day 2012 - Closing Remarks Ageas UK
Investor Day 2012 - Closing Remarks Ageas UKInvestor Day 2012 - Closing Remarks Ageas UK
Investor Day 2012 - Closing Remarks Ageas UKAgeas
 
Investor Day 2012 - Asian Non Life Markets
Investor Day 2012 - Asian Non Life MarketsInvestor Day 2012 - Asian Non Life Markets
Investor Day 2012 - Asian Non Life MarketsAgeas
 
2015_01_09_SAN_Short term pain to restore sustainability
2015_01_09_SAN_Short term pain to restore sustainability2015_01_09_SAN_Short term pain to restore sustainability
2015_01_09_SAN_Short term pain to restore sustainabilityAndrea Filtri
 
2014_04_08_ISP_The fragrance of CASH
2014_04_08_ISP_The fragrance of CASH2014_04_08_ISP_The fragrance of CASH
2014_04_08_ISP_The fragrance of CASHAndrea Filtri
 
Investor Day 2011 - Asian Key Financials
Investor Day 2011 - Asian Key FinancialsInvestor Day 2011 - Asian Key Financials
Investor Day 2011 - Asian Key FinancialsAgeas
 
Investor Day 2012 - Distribution and Customers
Investor Day 2012 - Distribution and Customers Investor Day 2012 - Distribution and Customers
Investor Day 2012 - Distribution and Customers Ageas
 
Klöckner & Co - Capital Market Days 2009
Klöckner & Co - Capital Market Days 2009Klöckner & Co - Capital Market Days 2009
Klöckner & Co - Capital Market Days 2009Klöckner & Co SE
 
Goldman Sachs European Financials conference 2010
Goldman Sachs European Financials conference 2010Goldman Sachs European Financials conference 2010
Goldman Sachs European Financials conference 2010Ageas
 
Investor Day 2012 - Improvements in Financial Disclosures
Investor Day 2012 - Improvements in Financial DisclosuresInvestor Day 2012 - Improvements in Financial Disclosures
Investor Day 2012 - Improvements in Financial DisclosuresAgeas
 
Investor Day 2012 - A View on Health Care
Investor Day 2012 - A View on Health CareInvestor Day 2012 - A View on Health Care
Investor Day 2012 - A View on Health CareAgeas
 
NI's economic recovery and challenges for the hospitality sector
NI's economic recovery and challenges for the hospitality sectorNI's economic recovery and challenges for the hospitality sector
NI's economic recovery and challenges for the hospitality sectorRichard Ramsey
 
Investor Day 2012 - Ageas's Non-Life Business
Investor Day 2012 - Ageas's Non-Life BusinessInvestor Day 2012 - Ageas's Non-Life Business
Investor Day 2012 - Ageas's Non-Life BusinessAgeas
 
Television rights - The Glue in the Sports Network
Television rights - The Glue in the Sports NetworkTelevision rights - The Glue in the Sports Network
Television rights - The Glue in the Sports NetworkHogne Ulla
 
Европейские футбольные клубы в 2016 году
Европейские футбольные клубы в 2016 годуЕвропейские футбольные клубы в 2016 году
Европейские футбольные клубы в 2016 годуmResearcher
 

Was ist angesagt? (20)

The Deloitte CFO Survey - 2nd half-year 2019
The Deloitte CFO Survey - 2nd half-year 2019The Deloitte CFO Survey - 2nd half-year 2019
The Deloitte CFO Survey - 2nd half-year 2019
 
CFA Research Challenge - Equity Research Report - G4S
CFA Research Challenge - Equity Research Report - G4S CFA Research Challenge - Equity Research Report - G4S
CFA Research Challenge - Equity Research Report - G4S
 
Investor Day 2012 - Closing Remarks Ageas UK
Investor Day 2012 - Closing Remarks Ageas UKInvestor Day 2012 - Closing Remarks Ageas UK
Investor Day 2012 - Closing Remarks Ageas UK
 
CFA IRC Team E
CFA IRC Team ECFA IRC Team E
CFA IRC Team E
 
Speech ref+gp apc 13
Speech ref+gp apc 13Speech ref+gp apc 13
Speech ref+gp apc 13
 
Investor Day 2012 - Asian Non Life Markets
Investor Day 2012 - Asian Non Life MarketsInvestor Day 2012 - Asian Non Life Markets
Investor Day 2012 - Asian Non Life Markets
 
2015_01_09_SAN_Short term pain to restore sustainability
2015_01_09_SAN_Short term pain to restore sustainability2015_01_09_SAN_Short term pain to restore sustainability
2015_01_09_SAN_Short term pain to restore sustainability
 
2014_04_08_ISP_The fragrance of CASH
2014_04_08_ISP_The fragrance of CASH2014_04_08_ISP_The fragrance of CASH
2014_04_08_ISP_The fragrance of CASH
 
Investor Day 2011 - Asian Key Financials
Investor Day 2011 - Asian Key FinancialsInvestor Day 2011 - Asian Key Financials
Investor Day 2011 - Asian Key Financials
 
Deloitte CFO survey H1 2019
Deloitte CFO survey H1 2019 Deloitte CFO survey H1 2019
Deloitte CFO survey H1 2019
 
Investor Day 2012 - Distribution and Customers
Investor Day 2012 - Distribution and Customers Investor Day 2012 - Distribution and Customers
Investor Day 2012 - Distribution and Customers
 
Klöckner & Co - Capital Market Days 2009
Klöckner & Co - Capital Market Days 2009Klöckner & Co - Capital Market Days 2009
Klöckner & Co - Capital Market Days 2009
 
Volkswagen Financial Services AG Annual Report 2009
Volkswagen Financial Services AG Annual Report 2009Volkswagen Financial Services AG Annual Report 2009
Volkswagen Financial Services AG Annual Report 2009
 
Goldman Sachs European Financials conference 2010
Goldman Sachs European Financials conference 2010Goldman Sachs European Financials conference 2010
Goldman Sachs European Financials conference 2010
 
Investor Day 2012 - Improvements in Financial Disclosures
Investor Day 2012 - Improvements in Financial DisclosuresInvestor Day 2012 - Improvements in Financial Disclosures
Investor Day 2012 - Improvements in Financial Disclosures
 
Investor Day 2012 - A View on Health Care
Investor Day 2012 - A View on Health CareInvestor Day 2012 - A View on Health Care
Investor Day 2012 - A View on Health Care
 
NI's economic recovery and challenges for the hospitality sector
NI's economic recovery and challenges for the hospitality sectorNI's economic recovery and challenges for the hospitality sector
NI's economic recovery and challenges for the hospitality sector
 
Investor Day 2012 - Ageas's Non-Life Business
Investor Day 2012 - Ageas's Non-Life BusinessInvestor Day 2012 - Ageas's Non-Life Business
Investor Day 2012 - Ageas's Non-Life Business
 
Television rights - The Glue in the Sports Network
Television rights - The Glue in the Sports NetworkTelevision rights - The Glue in the Sports Network
Television rights - The Glue in the Sports Network
 
Европейские футбольные клубы в 2016 году
Европейские футбольные клубы в 2016 годуЕвропейские футбольные клубы в 2016 году
Европейские футбольные клубы в 2016 году
 

Andere mochten auch

Annual Review of Football Finance 2016
Annual Review of Football Finance 2016Annual Review of Football Finance 2016
Annual Review of Football Finance 2016Deloitte UK
 
Deloitte UK Annual Review of Football Finance infographic
Deloitte UK Annual Review of Football Finance infographicDeloitte UK Annual Review of Football Finance infographic
Deloitte UK Annual Review of Football Finance infographicDeloitte UK
 
Deloitte Football Money League - Planet Football
Deloitte Football Money League - Planet FootballDeloitte Football Money League - Planet Football
Deloitte Football Money League - Planet FootballDeloitte UK
 
Annual Review of Football Finance 2014
Annual Review of Football Finance 2014Annual Review of Football Finance 2014
Annual Review of Football Finance 2014Deloitte UK
 
Professional club soccer in the USA: Promotion and relegation fan poll
Professional club soccer in the USA: Promotion and relegation fan pollProfessional club soccer in the USA: Promotion and relegation fan poll
Professional club soccer in the USA: Promotion and relegation fan pollDeloitte UK
 
Business strategies of football clubs
Business strategies of football clubsBusiness strategies of football clubs
Business strategies of football clubsKirankumar Dash
 
Football industry analysis
Football industry analysisFootball industry analysis
Football industry analysisShym Prsd
 
Bundesliga football club business model comparison
Bundesliga football club business model comparisonBundesliga football club business model comparison
Bundesliga football club business model comparisonThorsten Faltings
 
Deloitte Football Money League - Top of the table
Deloitte Football Money League - Top of the tableDeloitte Football Money League - Top of the table
Deloitte Football Money League - Top of the tableDeloitte UK
 
Funding In Football
Funding In FootballFunding In Football
Funding In FootballS Rackley
 
Football Business Report on Blackburn Football Club
Football Business Report on Blackburn Football ClubFootball Business Report on Blackburn Football Club
Football Business Report on Blackburn Football ClubJames Roberts
 
Phantom International #FlyingPhantom 2016 Catalogue
Phantom International #FlyingPhantom 2016 CataloguePhantom International #FlyingPhantom 2016 Catalogue
Phantom International #FlyingPhantom 2016 CataloguePhantom International
 
九毛錢的大愛--創世基金會創辦人曹慶最近的故事
九毛錢的大愛--創世基金會創辦人曹慶最近的故事九毛錢的大愛--創世基金會創辦人曹慶最近的故事
九毛錢的大愛--創世基金會創辦人曹慶最近的故事seatof
 
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...Andrew Gelston
 
Copyright eab 11 21 2014
Copyright eab 11 21 2014Copyright eab 11 21 2014
Copyright eab 11 21 2014Elizabeth Brown
 

Andere mochten auch (20)

Annual Review of Football Finance 2016
Annual Review of Football Finance 2016Annual Review of Football Finance 2016
Annual Review of Football Finance 2016
 
Deloitte UK Annual Review of Football Finance infographic
Deloitte UK Annual Review of Football Finance infographicDeloitte UK Annual Review of Football Finance infographic
Deloitte UK Annual Review of Football Finance infographic
 
Deloitte Football Money League - Planet Football
Deloitte Football Money League - Planet FootballDeloitte Football Money League - Planet Football
Deloitte Football Money League - Planet Football
 
Annual Review of Football Finance 2014
Annual Review of Football Finance 2014Annual Review of Football Finance 2014
Annual Review of Football Finance 2014
 
Professional club soccer in the USA: Promotion and relegation fan poll
Professional club soccer in the USA: Promotion and relegation fan pollProfessional club soccer in the USA: Promotion and relegation fan poll
Professional club soccer in the USA: Promotion and relegation fan poll
 
Business strategies of football clubs
Business strategies of football clubsBusiness strategies of football clubs
Business strategies of football clubs
 
Football industry analysis
Football industry analysisFootball industry analysis
Football industry analysis
 
Bundesliga football club business model comparison
Bundesliga football club business model comparisonBundesliga football club business model comparison
Bundesliga football club business model comparison
 
Football(Soccer)
Football(Soccer)Football(Soccer)
Football(Soccer)
 
Deloitte Football Money League - Top of the table
Deloitte Football Money League - Top of the tableDeloitte Football Money League - Top of the table
Deloitte Football Money League - Top of the table
 
Funding In Football
Funding In FootballFunding In Football
Funding In Football
 
Football Business Report on Blackburn Football Club
Football Business Report on Blackburn Football ClubFootball Business Report on Blackburn Football Club
Football Business Report on Blackburn Football Club
 
Phantom International #FlyingPhantom 2016 Catalogue
Phantom International #FlyingPhantom 2016 CataloguePhantom International #FlyingPhantom 2016 Catalogue
Phantom International #FlyingPhantom 2016 Catalogue
 
Rock time hits
Rock time hitsRock time hits
Rock time hits
 
九毛錢的大愛--創世基金會創辦人曹慶最近的故事
九毛錢的大愛--創世基金會創辦人曹慶最近的故事九毛錢的大愛--創世基金會創辦人曹慶最近的故事
九毛錢的大愛--創世基金會創辦人曹慶最近的故事
 
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...
Lithium-ion Batteries for Hybrid and All-Electric Vehicles: the U.S. Value Ch...
 
QA lead
QA leadQA lead
QA lead
 
Zaragoza turismo-54
Zaragoza turismo-54Zaragoza turismo-54
Zaragoza turismo-54
 
Zaragoza turismo-46
Zaragoza turismo-46Zaragoza turismo-46
Zaragoza turismo-46
 
Copyright eab 11 21 2014
Copyright eab 11 21 2014Copyright eab 11 21 2014
Copyright eab 11 21 2014
 

Ähnlich wie Annual Review of Football Finance 2015

Annual Review of Football Finance 2013
Annual Review of Football Finance 2013Annual Review of Football Finance 2013
Annual Review of Football Finance 2013Deloitte UK
 
Ahead of the curve - Annual Review of Football Finance
Ahead of the curve - Annual Review of Football FinanceAhead of the curve - Annual Review of Football Finance
Ahead of the curve - Annual Review of Football FinanceDeloitte UK
 
2008 2009 Budget Presentation To Union Council
2008 2009 Budget Presentation To Union Council2008 2009 Budget Presentation To Union Council
2008 2009 Budget Presentation To Union CouncilRakesh Jadhav
 
Manchester United Independent Business Review
Manchester United Independent Business ReviewManchester United Independent Business Review
Manchester United Independent Business ReviewKarol Stępień
 
financial-health-of-the-higher-education-sector-2016
financial-health-of-the-higher-education-sector-2016financial-health-of-the-higher-education-sector-2016
financial-health-of-the-higher-education-sector-2016Tom Davies
 
Aegon annual report 2015
Aegon annual report 2015Aegon annual report 2015
Aegon annual report 2015Aegon
 
Manchester United Investor Presentation 2019
Manchester United Investor Presentation 2019Manchester United Investor Presentation 2019
Manchester United Investor Presentation 2019Peter Wises
 
FRS-102-Limited-Example-Financial-Statements
FRS-102-Limited-Example-Financial-StatementsFRS-102-Limited-Example-Financial-Statements
FRS-102-Limited-Example-Financial-StatementsHudson Grieve
 
MANU Investor Presentation
MANU Investor PresentationMANU Investor Presentation
MANU Investor PresentationPeter Wises
 
Healthcare Organizations Around The World Essay
Healthcare Organizations Around The World EssayHealthcare Organizations Around The World Essay
Healthcare Organizations Around The World EssaySarah Gordon
 
United Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedUnited Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedNair and Co.
 
Pure UK Tax Salary Survey 2014
Pure UK Tax Salary Survey 2014Pure UK Tax Salary Survey 2014
Pure UK Tax Salary Survey 2014Ben Shepherd
 
Annual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive OfficerAnnual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive OfficerDeutsche Börse AG
 
EY-FRS-102-illustrative-financial-statements
EY-FRS-102-illustrative-financial-statementsEY-FRS-102-illustrative-financial-statements
EY-FRS-102-illustrative-financial-statementsHudson Grieve
 
ifrs-illustrative-financial-statements-investments-funds
ifrs-illustrative-financial-statements-investments-fundsifrs-illustrative-financial-statements-investments-funds
ifrs-illustrative-financial-statements-investments-fundsJoseph Ryan
 
Financial Ratios For Patton-Fuller Community Hospital...
Financial Ratios For Patton-Fuller Community Hospital...Financial Ratios For Patton-Fuller Community Hospital...
Financial Ratios For Patton-Fuller Community Hospital...Julie Webster
 

Ähnlich wie Annual Review of Football Finance 2015 (20)

Annual Review of Football Finance 2013
Annual Review of Football Finance 2013Annual Review of Football Finance 2013
Annual Review of Football Finance 2013
 
Ahead of the curve - Annual Review of Football Finance
Ahead of the curve - Annual Review of Football FinanceAhead of the curve - Annual Review of Football Finance
Ahead of the curve - Annual Review of Football Finance
 
2008 2009 Budget Presentation To Union Council
2008 2009 Budget Presentation To Union Council2008 2009 Budget Presentation To Union Council
2008 2009 Budget Presentation To Union Council
 
Manchester United Independent Business Review
Manchester United Independent Business ReviewManchester United Independent Business Review
Manchester United Independent Business Review
 
financial-health-of-the-higher-education-sector-2016
financial-health-of-the-higher-education-sector-2016financial-health-of-the-higher-education-sector-2016
financial-health-of-the-higher-education-sector-2016
 
Aegon annual report 2015
Aegon annual report 2015Aegon annual report 2015
Aegon annual report 2015
 
Manchester United Investor Presentation 2019
Manchester United Investor Presentation 2019Manchester United Investor Presentation 2019
Manchester United Investor Presentation 2019
 
FRS-102-Limited-Example-Financial-Statements
FRS-102-Limited-Example-Financial-StatementsFRS-102-Limited-Example-Financial-Statements
FRS-102-Limited-Example-Financial-Statements
 
MANU Investor Presentation
MANU Investor PresentationMANU Investor Presentation
MANU Investor Presentation
 
Healthcare Organizations Around The World Essay
Healthcare Organizations Around The World EssayHealthcare Organizations Around The World Essay
Healthcare Organizations Around The World Essay
 
United Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedUnited Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 Announced
 
Pure UK Tax Salary Survey 2014
Pure UK Tax Salary Survey 2014Pure UK Tax Salary Survey 2014
Pure UK Tax Salary Survey 2014
 
Annual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive OfficerAnnual General Meeting: Report of the Chief Executive Officer
Annual General Meeting: Report of the Chief Executive Officer
 
Sd europe conference
Sd europe conferenceSd europe conference
Sd europe conference
 
EY-FRS-102-illustrative-financial-statements
EY-FRS-102-illustrative-financial-statementsEY-FRS-102-illustrative-financial-statements
EY-FRS-102-illustrative-financial-statements
 
Nn group 2015_annual
Nn group 2015_annualNn group 2015_annual
Nn group 2015_annual
 
Thesis
ThesisThesis
Thesis
 
ifrs-illustrative-financial-statements-investments-funds
ifrs-illustrative-financial-statements-investments-fundsifrs-illustrative-financial-statements-investments-funds
ifrs-illustrative-financial-statements-investments-funds
 
Financial Ratios For Patton-Fuller Community Hospital...
Financial Ratios For Patton-Fuller Community Hospital...Financial Ratios For Patton-Fuller Community Hospital...
Financial Ratios For Patton-Fuller Community Hospital...
 
Marks and Spencer performance analysis
Marks and Spencer performance analysisMarks and Spencer performance analysis
Marks and Spencer performance analysis
 

Mehr von Deloitte UK

Football Money League
Football Money LeagueFootball Money League
Football Money LeagueDeloitte UK
 
Football Money League
Football Money LeagueFootball Money League
Football Money LeagueDeloitte UK
 
Budget 2021 the big questions final
Budget 2021 the big questions finalBudget 2021 the big questions final
Budget 2021 the big questions finalDeloitte UK
 
Spring Budget 2021: The big questions
Spring Budget 2021: The big questionsSpring Budget 2021: The big questions
Spring Budget 2021: The big questionsDeloitte UK
 
The Spring Budget: The big questions
The Spring Budget: The big questionsThe Spring Budget: The big questions
The Spring Budget: The big questionsDeloitte UK
 
Football Money League: Testing Times
Football Money League: Testing TimesFootball Money League: Testing Times
Football Money League: Testing TimesDeloitte UK
 
Testing Times: Football Money League
Testing Times: Football Money LeagueTesting Times: Football Money League
Testing Times: Football Money LeagueDeloitte UK
 
Testing Times: Football Money League
Testing Times: Football Money LeagueTesting Times: Football Money League
Testing Times: Football Money LeagueDeloitte UK
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findingsDeloitte UK
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findingsDeloitte UK
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findingsDeloitte UK
 
Annual Review of Football Finance 2020
Annual Review of Football Finance 2020Annual Review of Football Finance 2020
Annual Review of Football Finance 2020Deloitte UK
 
From AI to Analytics
From AI to AnalyticsFrom AI to Analytics
From AI to AnalyticsDeloitte UK
 
From AI to Analytics
From AI to AnalyticsFrom AI to Analytics
From AI to AnalyticsDeloitte UK
 
Deloitte covid 19 economic impact tracker - 2
Deloitte covid 19 economic impact tracker - 2Deloitte covid 19 economic impact tracker - 2
Deloitte covid 19 economic impact tracker - 2Deloitte UK
 
The COVID-19 crisis: Economic impact and policy responses
The COVID-19 crisis: Economic impact and policy responsesThe COVID-19 crisis: Economic impact and policy responses
The COVID-19 crisis: Economic impact and policy responsesDeloitte UK
 
Deloitte Football Money League 2020
Deloitte Football Money League 2020Deloitte Football Money League 2020
Deloitte Football Money League 2020Deloitte UK
 
UK corporate environment - November 2019
UK corporate environment - November 2019UK corporate environment - November 2019
UK corporate environment - November 2019Deloitte UK
 
Global economy in charts - Q3 2019
Global economy in charts - Q3 2019Global economy in charts - Q3 2019
Global economy in charts - Q3 2019Deloitte UK
 
UK corporate environment
UK corporate environmentUK corporate environment
UK corporate environmentDeloitte UK
 

Mehr von Deloitte UK (20)

Football Money League
Football Money LeagueFootball Money League
Football Money League
 
Football Money League
Football Money LeagueFootball Money League
Football Money League
 
Budget 2021 the big questions final
Budget 2021 the big questions finalBudget 2021 the big questions final
Budget 2021 the big questions final
 
Spring Budget 2021: The big questions
Spring Budget 2021: The big questionsSpring Budget 2021: The big questions
Spring Budget 2021: The big questions
 
The Spring Budget: The big questions
The Spring Budget: The big questionsThe Spring Budget: The big questions
The Spring Budget: The big questions
 
Football Money League: Testing Times
Football Money League: Testing TimesFootball Money League: Testing Times
Football Money League: Testing Times
 
Testing Times: Football Money League
Testing Times: Football Money LeagueTesting Times: Football Money League
Testing Times: Football Money League
 
Testing Times: Football Money League
Testing Times: Football Money LeagueTesting Times: Football Money League
Testing Times: Football Money League
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findings
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findings
 
Build Back Better: Our latest findings
Build Back Better: Our latest findingsBuild Back Better: Our latest findings
Build Back Better: Our latest findings
 
Annual Review of Football Finance 2020
Annual Review of Football Finance 2020Annual Review of Football Finance 2020
Annual Review of Football Finance 2020
 
From AI to Analytics
From AI to AnalyticsFrom AI to Analytics
From AI to Analytics
 
From AI to Analytics
From AI to AnalyticsFrom AI to Analytics
From AI to Analytics
 
Deloitte covid 19 economic impact tracker - 2
Deloitte covid 19 economic impact tracker - 2Deloitte covid 19 economic impact tracker - 2
Deloitte covid 19 economic impact tracker - 2
 
The COVID-19 crisis: Economic impact and policy responses
The COVID-19 crisis: Economic impact and policy responsesThe COVID-19 crisis: Economic impact and policy responses
The COVID-19 crisis: Economic impact and policy responses
 
Deloitte Football Money League 2020
Deloitte Football Money League 2020Deloitte Football Money League 2020
Deloitte Football Money League 2020
 
UK corporate environment - November 2019
UK corporate environment - November 2019UK corporate environment - November 2019
UK corporate environment - November 2019
 
Global economy in charts - Q3 2019
Global economy in charts - Q3 2019Global economy in charts - Q3 2019
Global economy in charts - Q3 2019
 
UK corporate environment
UK corporate environmentUK corporate environment
UK corporate environment
 

Kürzlich hochgeladen

Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick Kodos
Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick KodosNicholas Kodomichalos: A Tale of Sporting Brilliance with Nick Kodos
Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick KodosNicholasKodomichalos1
 
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics Trade
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics TradeInstruction Manual | Nightforce CFS 6-36x50 F1 | Optics Trade
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics TradeOptics-Trade
 
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...mxmindia
 
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...mxmindia
 
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...Sportsnewstec24
 
NCAA Tournament Free Pick, March 22 From Top March Madness Sports Handicapper
NCAA Tournament Free Pick, March 22 From  Top March Madness Sports HandicapperNCAA Tournament Free Pick, March 22 From  Top March Madness Sports Handicapper
NCAA Tournament Free Pick, March 22 From Top March Madness Sports HandicapperJoe Duffy
 
Euro 2024 Serbia's Return to the European Championship.docx
Euro 2024 Serbia's Return to the European Championship.docxEuro 2024 Serbia's Return to the European Championship.docx
Euro 2024 Serbia's Return to the European Championship.docxEticketing.co
 
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdf
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdfTheOrmaxSportsAudienceReport2024-MediaHighlights.pdf
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdfSocial Samosa
 
Kobe Bryant, The story of the "Black Mamba"
Kobe Bryant, The story of the "Black Mamba"Kobe Bryant, The story of the "Black Mamba"
Kobe Bryant, The story of the "Black Mamba"bmfcavalchini
 

Kürzlich hochgeladen (9)

Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick Kodos
Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick KodosNicholas Kodomichalos: A Tale of Sporting Brilliance with Nick Kodos
Nicholas Kodomichalos: A Tale of Sporting Brilliance with Nick Kodos
 
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics Trade
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics TradeInstruction Manual | Nightforce CFS 6-36x50 F1 | Optics Trade
Instruction Manual | Nightforce CFS 6-36x50 F1 | Optics Trade
 
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
 
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
Changing mindsets, rebuilding lives: Celebrating 25 years of First World Cup ...
 
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...
IPL 2024 Fixture List Match Dates, Participating Teams, Stadiums, Venues, and...
 
NCAA Tournament Free Pick, March 22 From Top March Madness Sports Handicapper
NCAA Tournament Free Pick, March 22 From  Top March Madness Sports HandicapperNCAA Tournament Free Pick, March 22 From  Top March Madness Sports Handicapper
NCAA Tournament Free Pick, March 22 From Top March Madness Sports Handicapper
 
Euro 2024 Serbia's Return to the European Championship.docx
Euro 2024 Serbia's Return to the European Championship.docxEuro 2024 Serbia's Return to the European Championship.docx
Euro 2024 Serbia's Return to the European Championship.docx
 
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdf
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdfTheOrmaxSportsAudienceReport2024-MediaHighlights.pdf
TheOrmaxSportsAudienceReport2024-MediaHighlights.pdf
 
Kobe Bryant, The story of the "Black Mamba"
Kobe Bryant, The story of the "Black Mamba"Kobe Bryant, The story of the "Black Mamba"
Kobe Bryant, The story of the "Black Mamba"
 

Annual Review of Football Finance 2015

  • 1. Annual Review of Football Finance 2015 Sports Business Group 1 Revolution Annual Review of Football Finance Sports Business Group June 2015
  • 2. 2 Please visit our website at www.deloitte.co.uk/sportsbusinessgroup to access/download a free copy of the Deloitte Annual Review of Football Finance 2015 – Highlights and/or to purchase a copy of the full report. Full report price £1,000 Discounted price for students and educational establishments £100. Half of all profits from sales of the report will be donated to Prostate Cancer UK. Prostate Cancer UK is a Deloitte National Charity Partner for 2013-16. Prostate Cancer UK is a registered charity in England and Wales (1005541) and in Scotland (SC039332). Registered company 2653887. The 2013/14 season’s financial results for the Premier League are the most remarkable in over 20 years of compiling the Deloitte Annual Review of Football Finance, which documents English professional football’s business and commercial performance.
  • 3. Annual Review of Football Finance 2015 Sports Business Group 1 Introduction Welcome to the 24th edition of the Deloitte Annual Review of Football Finance, compiling our analysis and commentary on the recent financial developments within and prospects for the world’s most popular sport. The Annual Review of Football Finance is produced by the Deloitte Sports Business Group and is available to purchase at www.deloitte.co.uk/arff The full report covers the following: • A review of Europe’s premier leagues • Revenue and profitability of England’s top two leagues • Wages and transfers of England’s top two leagues • An overview of club financing and investment in England
  • 4. 2 Europe’s premier leagues +1% €1.7billion ITALY +13% €2.3billion GERMANYENGLAND +32% €3.9 billion +15% €1.5billion FRANCE +3% €1.9 billion SPAIN €1.1 billion +9% 49% G E RMAN Y €1.0 billion +11% 64% F R AN C E €2.3 billion +9% 58% E NG L AND €1.2 billion +0% 70% I T A L Y €1.2 billion +9% 60% S P A I N Top division clubs’ revenue 2013/14 Top division clubs’ total wages and ratio to revenue 2013/14 The Premier League is Europe’s market leader, generating revenue of €3.9 billion in 2013/14. This is over €1.6 billion more than its nearest rival the Bundesliga.
  • 5. Annual Review of Football Finance 2015 Sports Business Group 3 Revenue and profitability Manchester United recorded the largest operating profit (£117m) £614m Record Premier League operating profit 2013/14 was a year of records in the Premier League. Manchester United recorded the highest ever operating profit of £117m and the league’s overall operating profit of £614m was a new league high.
  • 6. 4 0 200 400 600 800 402 56% 2007/08 243 81% 2010/11 735 16% 2013/14 Revenue increase Absorbed by wages Revenue increases in first year of last three broadcast deals and % of increase absorbed by wages (£m)Total transfer expenditure for the 92 English League clubs in 2013/14 £1 billion+ Total Premier League wages in 2013/14 £1.9 billion Unlike in previous years, where revenue increases have, on the whole, resulted in increased wage costs, only 16% of the additional revenue was absorbed by wages. Wages and transfers
  • 7. Annual Review of Football Finance 2015 Sports Business Group 5 2014 was the first calendar year since 1996 in which there were no insolvency events in the Football League Aggregate net debt for the Premier League clubs £2.4 billion 2013/14 saw record levels of cash on the balance sheets of Premier League clubs (in large part, thanks to the Premier League’s new broadcast deals) which helped to reduce aggregate net debt to £2.4 billion. Club financing and investment
  • 8. 6 European football market size to exceed €25 billion in 2016/17 International broadcast rights fees to the Premier League to exceed £1 billion per season from 2016/17 Combined global broadcast rights fees to the ‘big five’ leagues to surpass €7.5 billion in 2016/17 Premier League clubs’ aggregate attendances to exceed 15 million by 2019/20 Premier League clubs’ operating profits to exceed £1 billion in 2016/17 Combined revenue across all 92 clubs to exceed £5 billion in 2016/17 La Liga to overtake the Bundesliga as the second highest revenue generating league by 2016/17 What do we think will happen next?
  • 9. Annual Review of Football Finance 2015 Sports Business Group 7 Basis of preparation Basis of preparation Our review of the financial results and financial position of English football clubs, and comparisons between them, has been based on figures extracted from the latest available company or group statutory financial statements in respect of each club – which were either sent to us by the clubs or obtained from Companies House. In general, if available to us, the figures are extracted from the annual financial statements of the legal entity registered in the United Kingdom which is at, or closest to, the ‘top’ of the ownership structure in respect of each club. Our review of the financial results and financial position of clubs in various European leagues, and comparisons between them, has been based on figures extracted from the company or group financial statements or from information provided to us by national associations/leagues. Each club’s financial information has been prepared on the basis of national accounting practices or International Financial Reporting Standards (“IFRS”). The financial results of some clubs have changed, or may in the future change, due to the change in basis of accounting practice. In some cases these changes may be significant. In relation to estimates and projections, actual results are likely to be different from those projected because events and circumstances frequently do not occur as expected, and those differences may be material. Deloitte can give no assurance as to whether, or how closely, the actual results ultimately achieved will correspond to those projected and no reliance should be placed on such projections. Availability of financial information regarding football clubs For the 2013/14 season there were several Football League clubs for which financial statements were not available to us at June 2015. Divisional totals have been ‘grossed up’ to represent an estimate of the full divisional total for comparison purposes (from year to year or between divisions). Where necessary, the aggregate divisional totals for European leagues have been ‘grossed up’ in a similar manner. Limitations of published information In some cases we have made adjustments to a club’s figures to enable, in our view, a more meaningful comparison of the football business on a club by club basis and over time. For example, where information was available to us, significant non-football activities or capital transactions have been excluded from revenue. Some differences between clubs, or over time, are due to different commercial arrangements and how the transactions are recorded in the financial statements; or due to different ways in which accounting practice is applied such that the same type of transaction might be recorded in different ways. The publication contains a variety of information derived from publicly available or other direct sources, other than financial statements. We have not performed any verification work or audited any of the financial information contained in the financial statements or other sources in respect of each club for the purpose of this publication. The aggregated results shown in this publication for the clubs in the top four divisions of English football are not a true consolidation exercise because transactions between clubs, such as the transfer of player registrations, are not eliminated. Wage costs The published financial statements of clubs rarely split wage costs between playing staff and other staff. Therefore, the great majority of references in this publication to wages relate to the total wage costs for a club/division, including playing and non-playing staff. Exchange rates For the purpose of our international analysis and comparisons we have converted all figures into euros using the average exchange rate for the year ending 30 June 2014 (£1 = €1.1958).
  • 10. 8 Sports Business Group Dan Jones, Paul Rawnsley, Alan Switzer, Austin Houlihan and Adam Bull Telephone: +44 (0)161 455 8787 PO Box 500, 2 Hardman Street, Manchester, M60 2AT, UK E-mail: sportsteamuk@deloitte.co.uk www.deloitte.co.uk/sportsbusinessgroup Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is the United Kingdom member firm of DTTL. This publication has been written in general terms and therefore cannot be relied on to cover specific situations; application of the principles set out will depend upon the particular circumstances involved and we recommend that you obtain professional advice before acting or refraining from acting on any of the contents of this publication. Deloitte LLP would be pleased to advise readers on how to apply the principles set out in this publication to their specific circumstances. Deloitte LLP accepts no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication. © 2015 Deloitte LLP. All rights reserved. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 2 New Street Square, London EC4A 3BZ, United Kingdom. Tel: +44 (0) 20 7936 3000 Fax: +44 (0) 20 7583 1198. Graphic design: www.heliographic.co.uk Contacts