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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?

Ex-Guatemalan soccer chief pleads guilty in FIFA bribe case

PRATO, ITALY - APRIL 13: General view during the FIFA Futsal playoff match between Italy and Hungary on April 13, 2016 in Prato, Italy.  (Photo by Gabriele Maltinti/Getty Images)
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NEW YORK (AP) A former Guatemalan soccer federation president has pleaded guilty in New York to charges related to a sprawling corruption investigation of world soccer.

[ MORE: Christian Vieri ready for return, pursuing Chinese Super League ]

Brayan Jimenez pleaded guilty Friday to federal racketeering conspiracy and wire fraud conspiracy charges, each carrying up to 20 years in prison. It’s unclear when he’ll be sentenced.

The 62-year-old Jimenez is among 40 people from around the world charged in a FIFA bribery scandal over lucrative broadcasting rights.

Prosecutors say Jimenez accepted hundreds of thousands of dollars in bribes from a Florida-based sports marketing company. They say in exchange for the money Jimenez awarded the company media marketing rights to the Guatemalan soccer team’s World Cup qualifying matches in 2018 and 2022.

Jimenez’s attorneys haven’t returned a message seeking comment on his guilty plea.

D.C. United acquires Igboananike from Fire in trade

BRIDGEVIEW, IL - MARCH 06:  Andrea Pirlo #21 of the New York City FC looks to pass against Kennedy Igboananike #77 of the Chicago Fire at Toyota Park on March 6, 2016 in Bridgeview, Illinois. The New York City FC defeated the Fire 4-3.  (Photo by Jonathan Daniel/Getty Images)
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With the playoffs still very much in sight, D.C. United is making another attempt to boost its struggling attack.

[ MORE: NYCFC, Rapids meet in Bronx on Saturday ]

After recently trading for New York City FC forward Patrick Mullins and New York Red Bulls midfielder Lloyd Sam, D.C. has completed a trade for Chicago Fire attacker Kennedy Igboananike in exchange for target allocation money and a third-round draft selection in the 2019 MLS SuperDraft.

In over a season-and-a-half in MLS with the Fire, Igboananike notched 11 goals and four assists in 49 matches. The Nigerian forward is a Designated Player, and is due to make over $900,000, according to the MLS Players’ Union website.

[ MORE: Christian Vieri trying to make comeback in Chinese Super League ]

D.C United is currently eighth in the Eastern Conference standings, sitting on 20 points through 21 matches. The team is four points behind the New England Revolution for the final playoff position.

Report: Atletico set to offer $52 million for Chelsea’s Costa

LONDON, ENGLAND - MARCH 09:  Diego Costa of Chelsea shoots past Thiago Silva of PSG to score a gol to level the scores at 1-1 during the UEFA Champions League round of 16, second leg match between Chelsea and Paris Saint Germain at Stamford Bridge on March 9, 2016 in London, United Kingdom.  (Photo by Mike Hewitt/Getty Images)
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Already with one of the world’s most dangerous attacks, Atletico Madrid is prepared to add another dimension into the mix.

[ MORE: Man City makes final bid for defender John Stones ]

Daily Mail is reporting that the Spanish side is prepared to offer Chelsea over $52 million for striker Diego Costa, who joined the team from Atletico back in 2014.

While the Blues have maintained their position that Costa isn’t for sale, Atletico looks to boost its already strong offense with the 27-year-old Spaniard. Diego Simeone’s group already features talented attacking duo Antoine Griezmann and Fernando Torres.

During his previous stint in La Liga, Costa netted 56 goals across all competitions in two seasons with the Rojiblancos.

[ MORE: Christian Vieri trying to make comeback in Chinese Super League ]

Chelsea is reportedly pursuing former striker Romelu Lukaku after signing Belgian Michy Batshuayi this summer. Antonio Conte’s side also features young forward Bertrand Traore, who has made a strong impression during the preseason.

Report: Manchester City makes final bid for John Stones

LONDON, ENGLAND - JANUARY 16:  Diego Costa of Chelsea and John Stones of Everton compete for the ball during the Barclays Premier League match between Chelsea and Everton at Stamford Bridge on January 16, 2016 in London, England.  (Photo by Mike Hewitt/Getty Images)
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Take it or leave it.

Manchester City has made a final push for Everton defender John Stones, and has set its last offer at $52 million. Last month, the Citizens made the same exact bid for the 22-year-old, which was rejected by Everton.

[ MORE: Italian legend Christian Vieri looks to join Chinese Super League ]

City is said to be looking to avoid overpaying for Stones, after compensating Porto over $55 million for centerback Eliaquim Mangala two years ago.

While Stones has gone on record saying that he wants to play for manager Pep Guardiola at the Etihad Stadium, it remains to be seen if Everton will part ways with its prized defender.