Wednesday, June 8, 2011

Premier League wage bill soars to £1.4 billion

PREMIER LEAGUE clubs are spending £1.4 BILLION on salaries - while many Championship sides are shelling out beyond their means to get promoted.

A new study by Deloitte has found wages for players - including Wayne Rooney and Steven Gerrard - rose by £64m in just 12 months.

The wages-to-revenue ratio has reached an all-time high of 68 per cent with Chelsea top with an annual £174m bill.

Manchester City spent £133m - £1m more than their neighbours United during the 2009-10 season.

Analysts also found more than a third of Championship clubs are paying out more in wages than their revenue.

Alan Switzer of Deloitte said: "A wages-to-revenue ratio of 88 per cent is a cause for concern and will need to be addressed by Championship clubs.

"They have been put on notice about the need to rein in their spending."


source: www.thesun.co.uk

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