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PREMIER League footballers earned a total of £1.8billion last season - an increase of NINE PER CENT - according to accountancy firm Deloitte.
Clubs splashed a record amount of money on players' wages - an increase on the £1.66billion paid out a year before,
Yet the bills are set to rise even further as clubs make an extra £600million in TV money next year, a report said.
The top tier of English football retains its status as the world's wealthiest league with clubs expected to earn more than £3 billion of revenues in 2013/14.
Manchester City was the best paying club during 2011/12, with wages of £202 million, while Swansea City was the lowest, handing its players £35million
And despite pressure on clubs to contain megabucks handouts to players, they are expected to plough around £480 million of the extra TV cash into wages.
Half of the clubs in the top tier made a profit in the 2011/12 season, with clubs earning a combined £98million of operating profits - four per cent of total revenues.
Alan Switzer, director in the sports business group at Deloitte, said: “The Premier League clubs have agreed to a system of enhanced financial regulations, designed to improve the sustainability of its clubs.
“The successful implementation of these rules, coupled with the imminent boost to broadcast revenues, could provide huge benefits to the long-term development, growth and stability of the game and its clubs.”
Manchester United earned the most in 2011/12, with revenues of £320 million, while Wigan Athletic earned the lowest at £53 million.
Aston Villa spent the biggest slice of its revenues on wages, at 94 per cent, while Norwich City spent just 49 per cent the lowest in the top tier.
Clubs spent an average of 70 per cent or £1.7 billion of their revenues on wages in 2011/12, the report revealed.
And they are set to receive an average of £73million from TV rights this coming season, up £25
million.
The report said: “If historic trends are repeated, increasing revenues will absorb about 80 per cent (£480 million) of the extra revenue.”
Clubs in the Championship, the second tier of English football, spent 89 per cent of revenues - or £422 million - on wages, up 11 per cent on the season before.
The next wealthiest league was Germany’s Bundesliga.
Dan Jones, partner in the sports business group at Deloitte, said: “Despite operating in a challenging economic environment, English club football’s profile, exposure and increasingly global interest have continued to drive revenue growth for the top clubs.”
Clubs splashed a record amount of money on players' wages - an increase on the £1.66billion paid out a year before,
Yet the bills are set to rise even further as clubs make an extra £600million in TV money next year, a report said.
The top tier of English football retains its status as the world's wealthiest league with clubs expected to earn more than £3 billion of revenues in 2013/14.
Manchester City was the best paying club during 2011/12, with wages of £202 million, while Swansea City was the lowest, handing its players £35million
And despite pressure on clubs to contain megabucks handouts to players, they are expected to plough around £480 million of the extra TV cash into wages.
Half of the clubs in the top tier made a profit in the 2011/12 season, with clubs earning a combined £98million of operating profits - four per cent of total revenues.
Alan Switzer, director in the sports business group at Deloitte, said: “The Premier League clubs have agreed to a system of enhanced financial regulations, designed to improve the sustainability of its clubs.
“The successful implementation of these rules, coupled with the imminent boost to broadcast revenues, could provide huge benefits to the long-term development, growth and stability of the game and its clubs.”
Manchester United earned the most in 2011/12, with revenues of £320 million, while Wigan Athletic earned the lowest at £53 million.
Aston Villa spent the biggest slice of its revenues on wages, at 94 per cent, while Norwich City spent just 49 per cent the lowest in the top tier.
Clubs spent an average of 70 per cent or £1.7 billion of their revenues on wages in 2011/12, the report revealed.
And they are set to receive an average of £73million from TV rights this coming season, up £25
million.
The report said: “If historic trends are repeated, increasing revenues will absorb about 80 per cent (£480 million) of the extra revenue.”
Clubs in the Championship, the second tier of English football, spent 89 per cent of revenues - or £422 million - on wages, up 11 per cent on the season before.
The next wealthiest league was Germany’s Bundesliga.
Dan Jones, partner in the sports business group at Deloitte, said: “Despite operating in a challenging economic environment, English club football’s profile, exposure and increasingly global interest have continued to drive revenue growth for the top clubs.”
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