Premier League wage bill surges to £2.9bn

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Premier League wage bill surges to £2.9bn
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Having five teams doing well in the Champions League helped push clubs' total revenue up to £4.8bn.

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Premier League clubs' wage bill rose by 15% to £2.9bn in the 2017-18 season, hitting profits - despite them making record revenue during the campaign. Tim Bridge, a director in the Sports Business Group at Deloitte, said:"The increased wage expenditure was expected given the busy transfer market in the 2017-18 season, with two record transfer windows driving estimated Premier League gross spend of £1.9bn.""With the emphasis now on clubs to generate revenue growth from sources other than central broadcast distributions, it may be that we see the levels of pre-tax profit diminish over the next few years," he said.

They earned more than £53.4m a week between them, up from £48.4m the previous season, while the other 14 sides made a combined £39.4m a week, down £200,000 on the year before.

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