Premier League revenues soar but clubs still make a loss
Premier League clubs posted record revenues of £3.6bn in 2015-16, but still struggled to make a profit.
The 20 top-flight English teams made a pre-tax loss of £110m, after two consecutive seasons in the black, according to figures from Deloitte.
Clubs saw increased player expenditure, operating costs and one-off charges.
The two Manchester clubs' revenues increased by a total of £160m - roughly half of the total revenue growth recorded by the Premier League clubs.
"The 2015-16 season saw Premier League clubs grow revenues by almost 10% ... with the two Manchester clubs alone responsible for more than 50% of the increase," said Dan Jones, head of the Sports Business Group at Deloitte.
Mr Jones said Manchester United's participation in the 2015-16 Uefa Champions League, along with continued strong commercial revenue growth, resulted in a 30% increase in revenue to £515m, making them the world's highest revenue-generating club.
"Increased distributions to clubs competing in Europe, under the new Uefa broadcast rights cycle - notably Manchester City, who reached the semi-finals of the Uefa Champions League - also contributed to Premier League clubs' revenue growth," Mr Jones added.
Premier League 2015-16 in numbers (2014-15 in brackets)
- Revenues - £3.6bn (£3.4bn in 2014-15)
- Wage costs - £2.3bn (£2bn)
- Other operating costs - £900m (£800m)
- Operating profit - £500m (£500m)
- Net player trading - £400m (£300m)
- Other costs - £200m (£100m)
- 18 clubs made an operating profit
- 12 clubs made a pre-tax profit
Source: Deloitte Analysis. Note: Figures subject to rounding