Thursday 6 June 2013 10:37, UK
Premier League clubs' revenue reached a record £2,360m in 2011/12, according to the 22nd Annual Review of Football Finance from the Sports Business Group at Deloitte.
Paul Rawnsley, Director in the Sports Business Group at Deloitte, said: "Whilst Championship clubs' revenues have held up well, their wages to revenue ratio has hovered threateningly at around 90% for the last four seasons, with operating losses once again reaching record levels in 2011/12. "The Football League's Financial Fair Play Rules look to be a necessary step to help change clubs' behaviour in respect of spending on players. "The application of sanctions in respect of the clubs' results for the 2013/14 season should focus the minds of clubs who have been making heavy losses."
