Date: 1st December 2017 at 2:26pm
Written by:

The Premier League will witness its first ‘billion-pound game’ on Saturday when Manchester United visitย Arsenal, according to financial analysts Vysyble.

The claim is based on the combined turnover of the two rivals, with Arsenal posting revenues of ยฃ424million in 2016/17 while United earned a record ยฃ581million, taking the clubs’ total to ยฃ1.05billion.

For both clubs, these numbers were double-digit percentage increases on 2015/16 and, to put that in perspective, it is enough cash to run the National Health Service for three days or pay for 22 new secondary schools.

In a statement, Vysyble’s Roger Bell said: “This is a remarkable achievement for the Premier League in terms of reflecting the success in driving revenues via lucrative TV rights deals.”

Bell, however, points out the huge sums coming into the top flight do not translate into profits, as all Premier League clubs spend huge sums on transfer fees and wages.

Vysyble also believes the clubs – and many financial analysts – fail to take into account the true cost of doing business and are actually running up economic losses.

“This is part of a longer-term trend whereby clubs in general are finding it very difficult, despite their record revenue levels, to generate value and achieve an economic profit, which is where all the costs of doing business are accounted for, including taxes,” he said.

However, Arsenal’s and Manchester United’s economic losses are relatively “modest”, according to Bell, at ยฃ4.2million and ยฃ16.3million, respectively.

Saturday’s ‘billion-pound game’ comes a few weeks before the Premier League starts the process of selling the domestic broadcast rights for 2018 to 2021.

Having enjoyed back-to-back increases of 70 per cent in the value of those three-year rights packages, most experts believe the domestic market is flattening out, with international rights being where the big gains can still be found.

This is why the so-called ‘big six’ recently tried to persuade the other clubs to support a change of the revenue-sharing formula for overseas rights in order to reflect their global appeal. The attempt, however, was unsuccessful.

Bell said: ” We continue to worry for the game’s longer-term health and structure as the continued quest for revenue will inevitably lead the top clubs to look beyond current competition formats.”

PA Sport
 
Comments
  • Aside from cerebrospinal fluid, what's on your mind?

  • Camus December 1, 2017 at 4:09 pm

    Hope it all comes crashing down soon, hollow empire that it is.

    • gloster1861 December 1, 2017 at 4:21 pm

      Jumpers for goal posts, shirts or skins, leather football.

      Bring it on!

  • Andreas December 1, 2017 at 4:06 pm

    West hammers stadium deal is being looked at by the mayor of london. It was obviously a very bad deal for the tax payers ,it suited only West ham . I’ll bet that the stadium is sold/ given to them on the understanding that they redevelop it for football, so that the tax payer doesn’t have to find a football club. West ham will be millions better off,they will be able to sell naming rights, raise money for the refit and have a stadium site for ยฃ15 million which was the amount they put into the stadium refurb. Don’t expect Khan to renegotiate what is already a legally binding contract. What a fucking con ,the tax payers have been screwed all along.

    • gloster1861 December 1, 2017 at 4:23 pm

      A law suit against milord Coe would suit, and allegations of backhanders via Karren ‘tart’ Brady would be nice.

      • gloster1861 December 1, 2017 at 4:24 pm

        Bugger, didn’t see I used ‘suit’ twice in one sentence although with different meanings.

        • ๐Ÿ’‹ December 1, 2017 at 4:28 pm

          Suits you, Sir. Ohh.

  • Sexy Beast December 1, 2017 at 4:06 pm

    new 5* blog

  • Justice for Shylock December 1, 2017 at 3:56 pm

    Group G

    Belgium
    Panama
    Tunisia
    England

    • Freund or Foe December 1, 2017 at 3:59 pm

      How exciting. I just can’t wait.

    • is Gascoigne gonna have a crack December 1, 2017 at 4:03 pm

      Southgates a spawny young man. He’s half a chance of getting through. Who greased some palms to that group?

      • ๐Ÿ’‹ December 1, 2017 at 4:05 pm

        Another conspiracy? Gad!

        • Freund or Foe December 1, 2017 at 4:06 pm

          #fakelivedraw

        • is Gascoigne gonna have a crack December 1, 2017 at 4:06 pm

          Naaa, he’s probably just fallen on his stupid feet.

  • Horndog ๐Ÿ‡บ๐Ÿ‡ธ December 1, 2017 at 3:49 pm

    England grouped with Belgium. Half of our squad will be involved in the head to head.

    • is Gascoigne gonna have a crack December 1, 2017 at 3:52 pm

      They got lucky again. Tunisia and and another 3rd world nation to come. Can’t remember last time we played a competitive match against a team of any quality.

  • Aussie in Switzerland December 1, 2017 at 3:42 pm

    So will West Ham be asked into the elite competition for Euro clubs with the biggest stadium in the second tier of English football…..hehe

  • Andreas December 1, 2017 at 3:33 pm

    cook their books

  • Andreas December 1, 2017 at 3:32 pm

    Why are we suprised? Football clubs have the greadiest employees and their agents want as much money as possible. Utd and arse have genuine high turnovers but I think citeh and cheatski cool their books.

  • is Gascoigne gonna have a crack December 1, 2017 at 3:31 pm

    Yes yes we get it…you want a super euro league. And theyl have it.

  • ๐Ÿ’‹ December 1, 2017 at 3:21 pm

    Tickets for Watford v Spurs in the away end = ยฃ292.00! Is that all?

    • Harry Hotspur December 1, 2017 at 3:32 pm

      *weeps*

      • ๐Ÿ’‹ December 1, 2017 at 3:46 pm

        That’s Spurs’ fans selling them on! Watford?! Spurs were selling the tickets for ยฃ30.

    • is Gascoigne gonna have a crack December 1, 2017 at 3:33 pm

      Is there a buffet and spa?

      • ๐Ÿ’‹ December 1, 2017 at 3:51 pm

        No, but I’ll throw it in for a coupla tickets.

  • Justice for Shylock December 1, 2017 at 3:04 pm

    World Cup Group Stages Draw Live BBC 2, see who Engerland will play !
    COYE

    • Justice for Shylock December 1, 2017 at 3:08 pm

      Engerland not seeded bruddy hell !
      Anyone know any of the Engerland songs ?
      I’ll have to learn a couple, C’mon you 3 Loins, We are Tottenham in disguise, etc etc

      • Justice for Shylock December 1, 2017 at 3:11 pm

        Poland seeded 6, that’s crazy

  • Spurs est_1882 December 1, 2017 at 2:46 pm

    over ยฃ1bln in and still made a loss of close to ยฃ20m!! I am sorry, but that is a disgrace!

    • Freund or Foe December 1, 2017 at 2:51 pm

      Seeing as both clubs run at around the same wages to revenue percentage, that’s over half a billion in wages between them. Fucking incredible.

  • Steve gartrell December 1, 2017 at 2:32 pm

    What ! it’s all above money then not glory

    • Gus December 1, 2017 at 2:35 pm

      We have a billionaire owner, unfortunately for us he’s all about the bottom line

      • Spurs est_1882 December 1, 2017 at 2:46 pm

        I think fortunately for us…when the bubble bursts and football stops being treated as the most important thing in the world, the billionaires leave, with just fans – true fans – Spurs will endure, city and the like, relying on “global appeal” will not.

        • Freund or Foe December 1, 2017 at 2:52 pm

          You may be in for a long wait.

      • ๐Ÿ’‹ December 1, 2017 at 3:01 pm

        Is he though, Gus? Do we know enough about him to say that?

        • Freund or Foe December 1, 2017 at 3:10 pm

          What, Joe “Duffel” Lewis? Prince of greed, dream killer, Satan’s right hand man? I think it’s quite clear what his motives are.

        • Harry Hotspur December 1, 2017 at 3:15 pm

          Working in the basis that all he’s done to date was to act as guarantor on a ยฃ20m loan nearly 20 years ago, what more might we need to know?

          • Freund or Foe December 1, 2017 at 3:17 pm

            I’d like to know how to get in on his will.

            • ๐Ÿ’‹ December 1, 2017 at 4:26 pm

              He doesn’t have a Will, he has a Won’t.

  • Gus December 1, 2017 at 2:32 pm

    • Gus December 1, 2017 at 2:32 pm

      That’s a lot of cheddar