Premier League's Financial Performance for 2023/24
The results are in
Premier League's Financial Performance for 2023/24
The financial results are finally here – and they reveal a season of record-breaking figures and a few notable challenges. Nineteen out of the twenty Premier League clubs have published their accounts for the 2023/24 season, with Burnley being the only club yet to do so.
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The season saw the Premier League achieve record turnover of £6.35 billion – a 4.5% increase from the previous year. Losses were significantly reduced, dropping to £156 million from £712 million in the prior season. This reduction however was due to the rise in profits from player sales (up 60%) and one-off income from Chelsea's “sale” of their women’s team.
Financial highlights
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Record total turnover of 6.35 billion, up 4.6% on the previous season,
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Commercial revenue had the biggest increase up 8%, matchday revenue was up 5.4%.
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Broadcast revenue, which is mid negotiating cycle, was up just 1%.
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Salaries and Wages was flat, however increased 7% for non-relegated clubs.
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Operating expenses jumped 7%, with the increase from non-relegated clubs greater at 11%.
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Amortisation increased 12.6% for non-relegated clubs after two seasons of high spending.
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Profit from player sales jumped 400 million (60%) as clubs sold player to avoid PSR breaches.
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Chelsea recorded a profit of nearly 200 million on the sale of the women's team.
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Seven clubs recorded a profit, led by Chelsea and then Brighton.
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Manchester United’s 131 million loss was the largest.
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Total losses of 156 million, down from a loss of 712 million the previous season.
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Overall net player trading dropped to 1.6 billion from 2.3 billion the previous year.
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The Book Value of players jumped 14% to 5.5 billion and has increased 50% in two seasons.
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Total loans dropped 200 million to 4 billion, partly due to clubs converting loans to equity.
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Over 500 million invested in facilities.
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New funds of 1.3 billion raised, mainly through equity. This follows a similar amount the previous seasons,
Global appeal
The Premier League, and especially its “big 6” have huge global appeal, reflected in the future increases in international TV rights. Clubs are also growing matchday and commercial revenues by investing heavily in both facilities and international branding. However, costs are increasing, and the season saw several ‘challenger’ clubs having to trade their way to PSR compliance through selling player or engaging in player swaps. This was the single biggest factor in overall profit improvement, a practice which is not sustainable and can lead to a buildup of costs.
