Latest news with #JenniferHaskel
Egypt Today
12-06-2025
- Business
- Egypt Today
European game generated 38 bln euros in 2023-24 season, study shows
(Reuters) - Europe's soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. "A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season," Tim Bridge, lead partner in Deloitte's Sports Business Group, said. "However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. "The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. "More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come." Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL REVENUE SOARS Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. "Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth," Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. "Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game."
Indian Express
12-06-2025
- Business
- Indian Express
European game generated 38 bln euros in 2023-24 season, study shows
Europe's soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues — Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 — generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. 'A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season,' Tim Bridge, lead partner in Deloitte's Sports Business Group, said. 'However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. 'More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL REVENUE SOARS Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. 'Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth,' Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. 'Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game.'
The Sun
12-06-2025
- Business
- The Sun
European Football Revenue Hits €38B, WSL Grows 34%: Deloitte
EUROPE'S soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. 'A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season,' Tim Bridge, lead partner in Deloitte's Sports Business Group, said. 'However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. 'More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL revenue soars Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. 'Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth,' Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. 'Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game.'
The Sun
12-06-2025
- Business
- The Sun
European game generated 38 bln euros in 2023-24 season, study shows
EUROPE'S soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday. In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%. Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion). However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%). The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time. 'A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season,' Tim Bridge, lead partner in Deloitte's Sports Business Group, said. 'However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise. 'The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs. 'More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come.' Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%. WSL revenue soars Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise. Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds. 'Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth,' Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said. 'Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game.'
Yahoo
12-06-2025
- Business
- Yahoo
Premier League operating profit hits five-year high as PSR bites
Premier League clubs recorded their highest collective operating profit since 2019 last year as controversial PSR regulations enforced a greater emphasis on balancing the books. Aggregate operating profits among the 20 teams in the top division increased by 36 per cent to £533m in 2023-24, according to Deloitte's latest Annual Review of Football Finance published today. Premier League clubs' revenue grew four per cent to a record £6.3bn which, combined with tougher profitability and sustainability rules (PSR), led to their best operating profit figures since before the Covid-19 pandemic. 'We are starting to see a bit of a ripple when it comes to clubs focusing on compliance within regulations,' Jennifer Haskel, knowledge and insight lead in the Deloitte Sports Business Group, told City AM. 'As we continue within this evolving regulatory landscape, clubs are being run more and more as traditional businesses. While clubs are continuing to grow the top line and diversify their revenue streams, hopefully that will lead to more long term sustainability and profits.' Both Everton and Nottingham Forest received points deductions in the 2023-24 season for breaching PSR, while other teams – including Aston Villa and Chelsea – narrowly avoided sanctions with some late player trading. Premier League clubs made a pre-tax loss of £136m, although that was an improvement of almost £550m on the previous season. The relegation of heavily loss-making teams also contributed to the improvement. The total European football market grew by eight per cent to a record €38bn, with the Big Five leagues – England, Spain, Italy, Germany and France – generating more than €20bn for the first time. That growth may plateau due to a French media rights crisis, however, Deloitte said. Ahead of the imminent introduction of the Independent Football Regulator, meanwhile, the report warns that 'there can be no doubt that the system in English football is under strain'. 'We still await the output of the Independent Football Regulator to fully understand how this may impact the game in England, but it is clear that the way in which the game is governed and the regulation that underpins it needs to seek to drive value, fan engagement (both physical and digital) and competitive balance,' writes Deloitte's lead sports partner Tim Bridge. 'The level of interest and the demand to engage with English football remains high and investors still see the opportunity, particularly when there is a strong community link or adjacent investment opportunities, but the lack of clarity over the future regulatory regime is now unhelpful.' Sign in to access your portfolio
