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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?

Serie A roundup: Khedira earns Juventus three points as Napoli defeats AC Milan

ROME, ITALY - AUGUST 27:  Sami Khedira #6 with his teammates of Juventus FC celebrates after scoring the opening goal during the Serie A match between SS Lazio and Juventus FC at Stadio Olimpico on August 27, 2016 in Rome, Italy.  (Photo by Paolo Bruno/Getty Images)
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Sami Khedira hasn’t found the field much since moving to Juventus two summers ago, but when he does, he has a striker’s eye.

The German bagged his eighth goal for Juventus in just his 28th appearance as the Italian giants went on the road and defeated Lazio 1-0.

A poor clear attempt by Lucas Biglia saw Paulo Dybala’s lofted ball over the top fall to Khedira, and he skittered the ball across the face of goal into the far corner. The win is the second of the year for Juventus after they took down Fiorentina in their opening match.

There was a goal-fest at Stadio San Paolo as Napoli defeated AC Milan 4-2 braces from Arkadiusz Milik and Jose Callejon. Milik’s came in the first-half, with the opener in 18th minute, a lucky bounce as Dries Mertens’ shot clattered off the post and fell in Milik’s lap. He doubled Napoli’s lead in the 33rd minute with a beautiful header into the far corner, out-jumping Juraj Kucka.

The second half saw a flurry of action. A pair of goals four minutes apart saw Milan tie things up as M’baye Niang and Suso brought them level. Then, the yellow cards came flying. As a result, Kucka and Niang were both sent off for second cautions. Jose Callejon took advantage, bagging his first in the 74th and doubling his tally in stoppage time in a ridiculous bit of play that saw Alessio Romagnoli try to swat Mertens’ cross away from the goal line…yes, as in with his hands.

It’s a wonder Romagnoli wasn’t sent off for his actions. Napoli

Simone Zaza joins West Ham on loan

LONDON, ENGLAND - AUGUST 07: Simone Zaza of Juventus in action during the Pre-Season Friendly between West Ham United and Juventus at The Olympic Stadium on August 7, 2016 in London, England. (Photo by Charlie Crowhurst/Getty Images)
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West Ham has gone out and made several key moves this summer, but with uncertainty up front at the moment Slaven Bilic has added another forward.

On Sunday, the Hammers announced the signing of Italian striker Simone Zaza from reigning Serie A champions Juventus. The 25-year-old joins West Ham on a season-long loan deal with an option to buy pending a certain number of matches Zaza appears in.

With new signing Andre Ayew already expected to be out for several months with a rare thigh injury and reports stating Dimitri Payet could be on his way out, Zaza provides West Ham with a solid attacking option.

Zaza notched eight goals in all competitions last season for Juventus.

Report: Southampton intend to keep Jay Rodriguez this season

SOUTHAMPTON, UNITED KINGDOM - AUGUST 27: Jay Rodriguez of Southampton (L) celebrates after scoring his sides first goal during the Premier League match between Southampton and Sunderland at St Mary's Stadium on August 27, 2016 in Southampton, England. (Photo by Harry Trump/Getty Images)
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Despite great interest for one of the Saints’ most in-demand attackers, Jay Rodriguez will likely stay put this summer for Southampton.

[ MORE: Rashford nets late winner to keep United perfect ]

After reports surfaced yesterday suggesting as many as three other Premier League sides were preparing to move in for the 27-year-old forward, Sky Sports is now reporting that Southampton is prepared to keep Rodriguez.

While a loan move could still be an option for the Englishman, Southampton will likely want to hold onto their forward.

West Bromwich, Hull City and Sunderland have all been linked to the goalscorer, with each side severely lacking up front with options. Hull and Sunderland especially will be seeking options at forward, as the Tigers boast just 14 healthy first-team players at this time and the Black Cats only have Jermain Defoe and Fabio Borini to lean on.

[ MORE: Hazard leads charge for Chelsea in dominating win over Burnley ]

After playing a combined four minutes in Southampton’s two opening matches this season, Rodriguez came on for the Saints on Saturday during the second half and provided Claude Puel‘s group with an equalizer in their 1-1 draw.

Watch Live: West Bromwich Albion vs. Middlesbrough (Lineups, Live Stream)

WEST BROMWICH, ENGLAND - AUGUST 28: The West Brom crest is seen prior to the Premier League match between West Bromwich Albion and Middlesbrough at The Hawthorns on August 28, 2016 in West Bromwich, England.  (Photo by Michael Steele/Getty Images)
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West Bromwich Albion searches for its second win this season on Sunday when they take on Middlesbrough at 8:30 a.m. E.T. from The Hawthorns on CNBC or live online at NBCSports.com.

The Boro holds a narrow advantage in all-time meetings, with four wins out of eight, and Aitor Karanka‘s side certainly have the capabilities to pull off another victory against West Brom following a solid summer in the transfer window.

WATCH LIVE: West Bromwich Albion vs. Middlesbrough live online

Karanka’s men remain unbeaten through two matches, including last weekend’s narrow 2-1 victory over Sunderland at the Stadium of Light.

West Brom remains largely intact with its starting XI as Salomon Rondon gets the start up front for the Baggies. Tony Pulis‘ side has plenty of options off the bench as well, including Saido Berahino and Craig Gardner to provide a spark.

For Middlesbrough, U.S. international Brad Guzan will get the start in goal for the first time this season, as Victor Valdes remains sidelined with a hamstring injury. Alvaro Negredo looks to continue his fine start to the season after notching a goal and two assists in his first two matches.

LINEUPS

West Bromwich Albion – Foster; Dawson, McAuley, Evans, Galloway; Phillips, Yacob, Fletcher (c), Field, McClean; Rondon.
Bench – Rose; Olsson, Gardner, Lambert, Berahino, Leko, Wilson

Middlesbrough – Guzan, Nsue, Ayala, Gibson, Barragan, Forshaw, Clayton, Stuani, Ramirez, Downing, Negredo.
Bench – 
Dimi, Bernardo, Rhodes, Reach, Fischer, De Sart, Nugent.