English soccer star pay set to top 1 billion pounds
(Reuters)Updated: 2007-06-01 09:40
Premiership sales are expected to rise to 2.5 billion euros ($3.36 billion) next season, about 1 billion euros above the next highest earning league in Italy, the report said.
The Premiership generated 1.4 billion pounds in revenue last year, ahead of Italy's 1 billion pounds, Germany and Spain's 800 million and the 600 million in France, the report said.
Next season, the League's operating profit is expected to double to 260 million pounds, from this season, the report said.
Players and owners are not the only beneficiaries of the buoyant English soccer market: the tax man, European clubs and agents also get a slice of the pie.
English professional soccer clubs paid a record 647 million pounds in taxes last season, up 8 percent from the previous season and more than quadruple the amount paid ten years ago.
Overseas clubs received net transfers from English clubs of 187 million pounds, while fees to agents for transfers and other deals reached 50 million pounds, the report said.
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