The Premier League has published details of the TV payments to clubs for the 2021/22 season. These amounted to £2.5 bln, ranging from £153m for champions #MCFC to £101m for 20th placed #NCFC (the first time the bottom club got more than £100m).
The largest increases compared to the previous season came at #BHAFC, up £16m, and #AFC, up £11m. In contrast, three clubs received over £10m less than 2020/21: #LUFC £17m, #EFC £13m and #LCFC £11m.
Each of the 20 Premier League clubs received £87.5m as an equal share, coming from domestic rights £31.8m, overseas rights £48.9m and commercial revenue £6.8m.
Merit payment depends on finishing place in the league, ranging from £41.1m for champions #MCFC to £2.1m for 20th placed #NCFC. There has always been a merit payment for domestic rights, but latest deal also introduced a merit element for overseas rights. Each place worth £2.1m.
Facility fees are paid based on the number of games broadcast live. In 2021/22 the minimum payment was £11.0m for 12 live games, while the maximum was £25.3m for 29 games (for both #AFC and #LFC). Each live game is worth an additional £0.8m.
A club that is frequently broadcast live can actually earn more than a club finishing above it in the league, e.g. in 20221/22 #AFC finished 5th in the league, but received more money than 3rd placed #CFC, as they were shown live 5 more times (29 games vs 24).
The split of TV payments in the Premier League highlights the importance of the equal share, especially for clubs finishing lower, e.g. #NCFC £101m total TV money was very largely driven by the £88m equal share, while this contributed to only 57% of #MCFC £153m.
In total the Premier League £2.5 bln TV money was split as follows: equal share £1.75 bln (69%), merit payments £432m (17%) and facility fees £355m (14%).
The TV money distribution method in the Premier League remains the most equitable of Europe’s major football leagues with the ratio from top to bottom earning club being only 1.5. This is much better than other leagues: Serie A 2.7, Bundesliga 3.1, Ligue 1 3.1 and La Liga 3.5.
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Review of Bayern Munich's financial results for the 2023/24 season, when for once they did not win the Bundesliga, but they did reach the Champions League semi-finals.
Bayern's finances remain solid, as they have now been profitable for a barely credible 32 years in a row, generating an amazing €429m pre-tax profit in the last decade alone, even including the COVID impacted seasons.
Bayern set a new revenue record for the second year in a row, which means this has grown by €105m (16%) since the pre-pandemic peak of €660m in 2018/19. Including income from player sales, the increase was even more impressive, rising €201m (27%) from €750m to €952m.
Review of Wolverhampton Wanderers' financial results for the 2023/24 season, when they finished 14th in the Premier League and reached the quarter-finals of the FA Cup #WWFC
Wolves’ pre-tax loss significantly reduced from £67m to £14m, as profit from player sales increased from £44m to £65m, while revenue rose £9m (5%) from £169m to £178m and operating expenses were cut by £18m (7%) from £269m to £241m #WWFC
One big reason for Wolves’ need to focus on player trading is their inability to grow their revenue. Indeed, this has only increased £5m (3%) compared to their first season back in the Premier League in 2018/19 #WWFC
The recent sale of Khvicha Kvaratskhelia to Paris Saint-Germain for a reported €70m once again highlighted Napoli’s ability to make big money from transfers #sscnapoli
In fact, Napoli have four of the top ten player sales profits ever in Italy, also including Higuain, Cavani and Jorginho. Furthermore, they have made the highest profit from player sales in Italy in the last five years with nearly €300m #sscnapoli
This has helped Napoli generate an incredible €209m of profits in the last two seasons, which is in stark contrast to the losses registered at most of their rivals. They have fully recovered from the COVID-impacted seasons #sscnapoli
While Manchester City have hit some bad form on the pitch recently, their financial results for the 2023/24 season were pretty impressive, featuring a new Premier League revenue record of £715m and a substantial £74m profit #MCFC
City's revenue slightly increased to £715m, which means that this has risen by more than a third (£180m) in just five years from the 2019 pre-pandemic level of £535m. Growth has been led by commercial, which now accounts for 48% of total income #MCFC
Player trading has become increasingly important to City, having made £122m in 2022/23 and £139m in 2023/24. Up until 2019/20 the club had not generated more than £40m, so they have significantly improved this area of their operations #MCFC
Review of Rangers' financial results for the 2023/24 season, when when they finished as runners-up in the SPFL Premiership for the third year in a row, were defeated in the Scottish Cup Final, but did win the League Cup. Also reached the Europa League last 16 #RangersFC
After two years of small losses, when they very nearly broke-even, Rangers lost £17m before tax, mainly because profit from player sales dropped from £24m to £6m #RangersFC
Rangers' revenue rose £4.5m (5%) from £83.8m to a club record £88.3m, which means that this has grown by an impressive £35.1m (66%) in the last five years from £53.2m #RangersFC
Review of Manchester United's financial results for the 2023/24 season. As always, #MUFC are the first Premier League club to publish their accounts.
The period included official confirmation of the deal whereby Sir Jim Ratcliffe acquired a 27.7% stake in United.
On the plus side, revenue rose £14m (2%) from £648m to a new club record of £662m, while profit from player sales increased from £20m to £37m, United's best result for 15 years #MUFC
However, the pre-tax loss quadrupled, widening by £98m from £33m to £131m, the second worst in United’s history. Club has posted a loss 5 years in a row, compared to healthy profits in five of the six years up to 2018/19 #MUFC