Revenue made by English football clubs tops $4.64 billion as the Premier League contributes $3.71 billion

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“She’s got an indiscreet voice,” I remarked.

“It’s full of -” I hesitated.

“Her voice is full of money,” he said suddenly.

When I think of the Premier League the above quote from ‘The Great Gatsby’ frequently pops into my head.

The league, while incredibly compelling for so many reasons, is ultimately all about money. Every time I find myself getting wound up about the game I inevitably come back to that earth-shattering realization – it’s not a game, it’s just a business.

And man, business is BOOMING.

Today it was revealed that the combined annual revenue of the 92 clubs in England’s top four divisions has eclipsed £3 billion ($4.64b) – that’s ‘b’, as is business – for the first time ever. The numbers come virtue of Deloitte’s most recent finance review from 2011-12 that shows revenue from the Premier League’s 20 clubs increased 4% to almost £2.4 billion ($3.71b), capping yet another astounding year of commercial growth.

By means of comparison, these number dwarf those of the Bundesliga (£1.58 billion ($2.44b)), La Liga (£1.4 billion ($2.16b)) and Serie A (£1.3 billion ($2.01b)). Signs did, however, indicate that the Bundesliga is fast catching up where operating profits were £161 million ($248.84m) while in the Premier League they were £98 million ($151.47m), up from £25 million ($38.64m).

Adding further intrigue to the economic efficiency of German football (or, the inefficiency of the Premier League) is that the revenue-to-wages ratio average in the Bundesliga fell to 51%, while the Premier League’s ratio hovered at 70%. Of course, in a league where clubs like Manchester City are permitted to run riot spending more than £200 million ($309.12m) on players’ salaries, this can hardly come as a shock.

Dan Jones, a senior partner at Deloitte, spoke of the Premier League’s huge boom in revenue:

The £3bn is a big stat. Likewise is the growth in the Championship itself – sometimes the Championship gets overshadowed by the Premier League. The reality is they’re both great successes. It’s just the Premier League is the bigger success.

The Championship performance is extremely strong again. It’s the biggest second-tier league in Europe by a street. No one else has a second-tier league that comes anywhere close. People are pushing very hard to get in the Premier League. What is imperative is that clubs do that in a way that is sustainable. The Football League is bringing in its financial fair play rules precisely to address that.

The Deloitte report does not cover the most recent season. With the significantly larger amount of TV broadcast revenue (£5 billion spread over three seasons) that will be coming the way of Premier League clubs beginning in 2013-14, Jones believes that while there is some uncertainty as to how team’s will react, player wages could begin to skyrocket.

The big test will be what happens to the new TV money, how much of that finds its way into the wage bill. It will also be interesting to see how the new financial regulations will affect clubs’ behavior.

Once the new TV deal kicks in I think you’ll find the total spent on players will be up at a record level. There’s no intrinsic problem with that but it’s all about spending being balanced and not being excessive to the point that it endangers the club.

How seriously the Premier League is taking phrases like “spending being balanced” and “not being excessive” will be key to the league’s continued development. While higher player wages should make England an even more desirable destination for the world’s most sought-after footballers, league officials must be concerned over whether such staggering growth is sustainable.

Regardless, it’s remarkable how far England has come since the installation of the Premier League in 1992.

What do you think?

Is this all good news or is the Premier League’s voice a bit too full of money?

USA 4-0 Panama: United States top Group A

KANSAS CITY, KS - OCTOBER 01:  Jordan Morris #9 of the USA celebrates with teammates after scoring a goal during the 1st minute of the 2015 CONCACAF Olympic Qualifying match against Canada at Sporting Park on October 1, 2015 in Kansas City, Kansas.  (Photo by Jamie Squire/Getty Images)
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The United States U-23 team exploded for four goals in the second half to down Panama 4-0, as the U.S. finish atop Group A in Olympic qualifying with a perfect three wins from three matches.

They advance to the semifinals, where they will face either Mexico or Honduras.

Thanks to a 2-2 draw between Canada and Cuba earlier in the evening, the U.S. had already clinched the top spot in Group A before this match began. With the United States’ win, Canada also advances into the semifinals as the second-place team.

[ FOLLOW: All of PST’s USMNT coverage ]

The U.S. had a golden opportunity to take the lead in the 11th minute, but Panama goalkeeper Elieser Powell made a higlight-reel save on Gedion Zelalem. Maki Tall moved in and fired a low shot on goal, forcing Powell to dive down and make a stop. The rebound rolled right out to Zelalem, who had the whole goal in front of him, but somehow Powell reached to get a hand on it, deflecting the shot over the bar.

Tied 0-0 at halftime, Andreas Herzog made some adjustments to his lineup, bringing in Jordan Morris and Jerome Kiesewetter for Tall and Zelalem. The substitutions paid immediate dividends, as the United States jumped out to a three-goal lead within minutes.

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In the 51st minute, Gboly Ariyibi’s cross took a deflection off Fidel Escobar and into the net, ruled an own goal on the Panamanian defender.

Two minutes later, substitute Jerome Kiesewetter took a pass from Luis Gil and fired a right-footed shot from a tight angle to the far post, doubling the United States’ lead. It was a very clean finish from the German-born Stuttgart product.

Three minutes after scoring a goal, Kiesewetter grabbed an assist as he combined with fellow substitute Jordan Morris to make it 3-0. Kiesewetter ran down the right wing and played a low cross in, where Morris tapped home his third goal of the tournament.

Kiesewetter continued his stellar half, blowing by a defender before doing well to draw a foul in the box. Luis Gil stepped up to the spot and buried the penalty, as the U.S. went 4-0 up in the 71st minute.

With the result, the United States heads into the semifinals with a +11 goal differential, outscoring their opponents 13-2 in the group stage. A win in the semis would guarantee the U.S. a spot in the 2016 Olympics.

Bayern, Germany legend Gerd Muller suffering from Alzheimer’s

JOHANNESBURG, SOUTH AFRICA - JULY  01:  Gerd Muller during a media event discussing the Golden Boot comptetition in the FIFA 2010 World Cup held at the adidas Jo'bulani Central in Sandton Convention Centre on July 1, 2010 in Johannesburg, South Africa. (Photo by Dominic Barnardt/Getty Images for adidas)
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Bayern Munich has confirmed that legendary goalscorer Gerd Muller is suffering from Alzheimer’s.

Muller’s 70th birthday is in November, and the club published a statement that no celebrations would be held due to his ongoing treatment.

One of the greatest strikers to ever play the game, Muller scored 525 goals during his 15-years with Bayern, the most in club history. Karl Heinze-Rummenigge is Bayern’s second leading goalscorer with 218 goals.

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Rummenigge currently serves as the club’s director, and spoke about Muller’s legacy.

Gerd Müller is one of the all-time greats of world football. Without his goals, Bayern Munich and German football would not be what it is today.

There will probably never be another goalscorer like Gerd, yet despite all his successes, he was always very humble and reserved, which particularly impressed me.

He was a fantastic team-mate and is a friend. Gerd will always enjoy a place in the Bayern family.

After he ended his playing career, he brought his experience as a coach of youngsters to the club, helping define the likes of world champions Philipp Lahm, Bastian Schweinsteiger and Thomas Müller, and we are also grateful to him for this.

Muller won the Golden Boot at the 1970 World Cup with ten goals, helping West Germany to a third-place finish. That same year he won the Ballon d’Or as the best player in the world, and helped the West German team capture the European Championship in 1972 and the World Cup in 1974.

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He is one of the top scorers in German national team history with 68 goals, second only to Miroslav Klose’s 71. However, Muller reached 68 goals in just 62 caps, while it took Klose 137 appearances to reach his mark. His 14 World Cup goals are third all-time to Klose (16) and Ronaldo (14).