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Players to see income boost from TV deal
England - 15 June, 2007
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With a landmark TV contract, and some club's saving money for the perfect time to spend, players in the English Premier League should soon see the benefits of the Premier League's money.
According to accountancy firm Deloitte, a GBP 2.7 billion broadcast deal will push salaries up for this next season. An average Premier League player should see his salary rise to more than GBP 1 million a year.
"The significant increase in broadcasting rights revenue to Premier League clubs will fuel significant increases in wage costs over the short-to-medium term," said Deloitte in its recent annual review of football finance. "We expect that Premier League clubs' total wage costs will exceed GBP 1 billion for the first time in 2007-08."
The firm also speculated that, during the new TV contract, the league could see its first GBP 10 million player, someone taking home GBP 200,000 a week.
Total Premier League turnover is expected to rise this season from about GBP 1.3 billion to approximately GBP 1.7 billion, and clubs will be able to afford significant increases this summer.
In just three years, the financial health of Premier League players has rebounded. In 2004-2005, players' wages actually fell by 3 percent, the first time there had been a reduction.
The following season, a nine percent increase in salary occurred, despite some clubs still remaining tight with finances.
According to accountancy firm Deloitte, a GBP 2.7 billion broadcast deal will push salaries up for this next season. An average Premier League player should see his salary rise to more than GBP 1 million a year.
"The significant increase in broadcasting rights revenue to Premier League clubs will fuel significant increases in wage costs over the short-to-medium term," said Deloitte in its recent annual review of football finance. "We expect that Premier League clubs' total wage costs will exceed GBP 1 billion for the first time in 2007-08."
The firm also speculated that, during the new TV contract, the league could see its first GBP 10 million player, someone taking home GBP 200,000 a week.
Total Premier League turnover is expected to rise this season from about GBP 1.3 billion to approximately GBP 1.7 billion, and clubs will be able to afford significant increases this summer.
In just three years, the financial health of Premier League players has rebounded. In 2004-2005, players' wages actually fell by 3 percent, the first time there had been a reduction.
The following season, a nine percent increase in salary occurred, despite some clubs still remaining tight with finances.
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