Premier League clubs remain biggest earners and spenders, says UEFA report
Manchester City revealed to be most expensive squad in football
By PA Sport
Last Updated: 17/01/19 11:55pm
Premier League clubs are continuing to earn and spend more money than the rest of Europe, according to a UEFA report.
The European Club Footballing Landscape report, the 10th edition of the governing body's look at the financial health of clubs in its 55 member associations, shows England's top-tier sides have the biggest revenue and the highest wage bills.
In 2017, Premier League clubs' aggregate revenue came to 5.3bn euros (£4.6bn), almost double that of La Liga (£2.5bn) and the Bundesliga (£2.4bn) and considerably more than Serie A (£1.9bn) and Ligue 1 (£1.4bn).
United top the list for total revenue, standing at £593m for 2017, less than £1m more than Real Madrid, though the Old Trafford club are projected to fall down the order in the 2018 list.
There are 13 Premier League clubs in the top 30 and that is down largely to television money, which accounts for 54 per cent of clubs' total revenue.
The total wage bill for the Premier League in 2017 was £2.6bn, easily the highest in Europe. That is despite the fall in value of the pound against the euro, with Spain and Germany the next highest payers.
Nine of the top 20 biggest wage payers play in the Premier League - Manchester City, Manchester United, Chelsea, Liverpool, Arsenal, Tottenham, Crystal Palace, Leicester and Southampton.
City are also the most expensively assembled squad in history.
Pep Guardiola's team, which cantered to a record-breaking Premier League title last season and are hoping to see off Liverpool this year, cost £702m to assemble.
Their record buy of Riyad Mahrez in the summer, which was priced at just over £60m, helped them go above Real Madrid, whose squad cost £693m in total.
Manchester United are third in the list and those three squads cost 40 to 50 per cent more to assemble than Chelsea in fourth place.