Premier League Club Finances 2010 - 2011
Financial figures for 2010 - 2011 season for the 20 clubs in the Premier League. Figures recently released for The 2010/11 season of the Barclays Premier League Show that the Premier League's 20 clubs collectively made a loss of £361m last year, after spending all of their record £2.3bn income. Of the clubs which were in the Premier League in 2010‑11, the year of most clubs' latest published accounts, eight made a profit, of £97.4m in total. Of the other clubs, 11 made losses, totalling £458m. Manchester City, lost £197m, the greatest financial loss in the history of football.
Chelsea lost the next highest amount, £68m, bankrolled by their owner, Roman Abramovich, who loaned £94m to the club during 2010‑11.
Liverpool, documenting the first eight months of ownership by John Henry's Fenway Sports Group, lost £49m.
Birmingham City, now in the Championship, have failed to file their accounts for 2010‑11, which were statutorily due on 31 December. The club's parent company, Birmingham International Holdings, registered on the Hong Kong stock exchange, has not yet published its own accounts, and Carson Yeung, who led the takeover of the club in 2009, is awaiting trial on money-laundering charges, which he denies.
All the premier league Clubs clubs' combined turnover of £2.3bn is partly the result of the first year of the Premier League's 2010‑13 TV deals, in which a record £1.5bn was earned from overseas broadcasters.
The financial figures portray a league of fierce sporting competition which relentlessly forces up players' wages. In total, £1.5bn was spent on wages by the 20 clubs in 2010-11. That accounted for 69% of the clubs' total income, slightly up from the 68% of income the clubs spent in 2009‑10 on wages.
Manchester City had the highest wage bill of £174 Million or 114% of the their total turnover, Chelsea Paid 86% of their total turnover in wages, Liverpool 76%, Tottenham 56%, Arsenal 48% and Manchester United 46% .
The largest profit was recorded by Newcastle United, in their first season back in the Premier League since relegation in 2009. The accounts were published before last summer's transfer business, swollen by the £35m sale to Liverpool of the striker Andy Carroll, which netted £33m profit.
Manchester United, despite paying £50m in interest on the debts loaded on to the club by United's owners, the Glazer family, won the championship having spent less on wages, at £153m, than Chelsea and City, and still made a profit of £12m. Liverpool, by contrast, made an operating loss of £90m. Had they not recorded a profit of £43m for the sale of players, including £50m from Chelsea for Fernando Torres (the money spent on buying players, such as Carroll, is accounted for more gradually), Liverpool would have stated a much greater overall loss than the £49m final figure.
Manchester United won the Premier League in 2010-11, and also finished top of the money-making table with a turnover of £331m, more than £100m more than any other English club. Manchester City were also the only Premier League club whose wage bill (£174m) exceeded their turnover (£153m). The smallest wage bill in the 2010-11 season was perhaps unsurprisingly to be found at Blackpool (£25m), but West Bromwich managed to avoid relegation with the second smallest spend on wages, of £37m.
| Turnover (£m) | Gate & Matchday income (£m) | TV and Broadcasting (£m) | Commercial (£m) | Wages as a percentage of turn- over (%) | Wage bill (£m) | Net debt (£m) | Interest payable (£m) | Loss before tax | |
| Arsenal | £256 | £93 | £85 | £33 | £48 | £124 | £98 | £15 | £15 |
| Aston Villa | £92 | £21 | £54 | £17 | £90 | £83 | £114 | £6 | -£54 |
| Birmingham City | £56 | £7 | £42 | £7 | £68 | £38 | £16 | £1 | £0 |
| Blackburn Rovers | £58 | £6 | £42 | £9 | £86 | £50 | £26 | £1 | -£19 |
| Blackpool | £52 | £48 | £25 | £4 | £0 | £21 | |||
| Bolton Wanderers | £68 | £9 | £45 | £82 | £56 | £110 | £5 | -£26 | |
| Chelsea | £222 | £86 | £190 | £92 | £1 | -£68 | |||
| Everton | £82 | £17 | £53 | £12 | £71 | £58 | £45 | £4 | -£5 |
| Fulham | £77 | £12 | £51 | £10 | £75 | £58 | £190 | £1 | -£5 |
| Liverpool | £184 | £41 | £65 | £77 | £73 | £135 | £65 | £3 | -£49 |
| Manchester City | £153 | £20 | £69 | £65 | £114 | £174 | £43 | £5 | -£197 |
| Manchester United | £331 | £109 | £119 | £103 | £46 | £153 | £308 | £50 | £12 |
| Newcastle United | £89 | £24 | £48 | £16 | £60 | £54 | £130 | £0 | £33 |
| Stoke City | £67 | £70 | £47 | Nil | Nil | -£6 | |||
| Sunderland | £79 | £12 | £48 | £10 | £77 | £61 | £77 | £2 | -£8 |
| Tottenham Hotspur | £163 | £20 | £54 | £19 | £56 | £91 | £57 | £6 | -£0 |
| West Bromwich Albion | £59 | £8 | £43 | £7 | £63 | £37 | £2 | Nil | £9 |
| West Ham United | £81 | £19 | £46 | £12 | £69 | £56 | £45 | £3 | -£19 |
| Wigan Athletic | £51 | £78 | £40 | £21 | £1 | -£7 | |||
| Wolves | £64 | £10 | £44 | £5 | £59 | £38 | Nil | £0 | £2 |