This is a news story, published by ESPN, that relates primarily to Premier League Profit news.
For more soccer news, you can click here:
more soccer newsFor more news from ESPN, you can click here:
more news from ESPNOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best sport news, business news, entertainment news, and much more. If you like soccer news, you might also like this article about
Premier League Profit. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Premier League clubs news, profitable league news, soccer news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Premier LeagueESPN
•77% Informative
Premier League clubs' net spend this summer was around 629.8 million ($ 827.7 m) That's more than 40% down on the 1.070 billion ($ 1.406bn ) of 2023 .
Operating losses more than tripled, from 413 m ($ 542.3 m) in 2018-19 to 1.338bn ($ 1,75bn ) in 2022-23 .
Even the biggest and most popular league in the world is cutting back.
Premier League Profit and Sustainability Rules are not the cause -- they're the consequence.
Commercial revenue is up nearly 40% compared to 2019 , but doesn't come close to covering player wages.
Wages rising faster than revenues equals losses, and when folks stop believing there will be some golden tomorrow , that's when they cut back.
Teams are also getting smarter, which and this is a good thing.
VR Score
77
Informative language
74
Neutral language
47
Article tone
informal
Language
English
Language complexity
30
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
10
Source diversity
3
Affiliate links
no affiliate links