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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?

Reports: Rafael Benitez to remain in charge at Newcastle United

NEWCASTLE UPON TYNE, ENGLAND - MAY 15:  Rafael Benitez, manager of Newcastle United gives the thumbs up during the Barclays Premier League match between Newcastle United and Tottenham Hotspur at St James' Park on May 15, 2016 in Newcastle, England.  (Photo by Ian MacNicol/Getty Images)
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Multiple reports in the UK claim that Rafael Benitez has agreed to stay in charge at Newcastle United.

Benitez, 53, took charge of the Magpies in March but camp up just short of keeping them in the Premier League in 2015-16 as they were relegated to the English Championship.

[ MORE: Mourinho in talks with United ]     

However, a report in The Guardian says he has agree to stay on and has a three-year deal at the club and the Daily Telegraph echoes those sentiments, adding that Benitez will be given full control of the transfer committee and decide who comes in and out of the club.

The reports suggest that Moussa Sissoko, Georginio Wijnaldum, Daryl Janmaat and Andros Townsend will all be sold this summer to help raise around $60 million which will fuel a spending spree to push them back to the top-flight at the first-time of asking.

[ MORE: Arsenal sign $45 million Xhaka ]

Benitez took charge of Newcastle’s final 10 games of the season and lost just three times, getting the fans on his side and the season ended with a 5-1 thumping of Tottenham Hotspur even though they’d already been relegated. Newcastle’s fans believe Benitez is the right man to lead them and gave him an outpouring of messages asking him to so.

It was believed Benitez was not going to stay if they were relegated but such has been the warmth of the fans and the lack of other options in the PL, Benitez seems to have made a massive U-turn after assurances were reportedly made to him by owner Mike Ashley about transfer budgets, a new scouting system and many other facets of the club.

The Spanish coach excelled in the final weeks of the season with Newcastle winning three of their final six games and going unbeaten in that stretch but it wasn’t enough to keep their sinking ship afloat after Steve McClaren‘s disastrous spell in charge of the club was cut short after just eight months in charge.

Benitez simple had too little time to save Newcastle but he did appear to get the best out of the players at his disposal in the short time he was in charge. With his initial contract said to have a break clause he could activate should the Magpies get relegated, the former Valencia, Liverpool, Inter Milan, Napoli and Real Madrid manager has been spending some time away to think about his future.

It seems like he has decided to stay and lead Newcastle’s charge back to the Premier League. If that notion comes to fruition it will be music to the ears of fans of the Magpies.

Arsenal complete $45 million signing of Granit Xhaka

TURIN, ITALY - OCTOBER 21:  Granit Xhaka captain of VfL Borussia Monchengladbach wearing a 'No To Racism' arm band during the UEFA Champions League group stage match between Juventus and VfL Borussia Moenchengladbach at Juventus Arena on October 21, 2015 in Turin, Italy.  (Photo by Marco Luzzani/Getty Images)
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Arsenal has completed the third biggest transfer in their history as Granit Xhaka has joined from Borussia Monchengladbach for a fee believed to be around $45 million.

[ MORE: Mourinho in talks with United ]    

Xhaka, 23, is a Swiss international midfielder and Arsene Wenger has been tracking the powerful box-to-box player for many years.

He will officially be an Arsenal player from July 1 and has signed a long-term deal at the club.

[ MORE: PL money table 2015-16

Speaking to the club website, Xhaka is delighted to have arrived at the Emirates Stadium and explained to Arsenal’s fans a little of what he’s about.

“I am very happy to be here. For me it is a dream come true,” Xhaka said. “I am a player who likes to play football and I am an aggressive player, maybe a leader. I’m only 23 but I was in Germany and captain of a good team.”

Wenger also revealed the extend of Arsenal’s scouting of the former Basel midfielder.

“Granit Xhaka is an exciting young player, already with good Champions League and Bundesliga experience,” Wenger said. “We have been watching him for a long time now and he is a player who will add quality to our squad. We wish Granit a good Euro 2016 with Switzerland and look forward to welcoming him to Arsenal ahead of next season.”

Xhaka will slot straight into Arsenal’s central midfield area which now has considerable competition.

With Francis Coquelin and Mohamed Elneny due to be his main competitor for playing time, the fact that Arsenal has shelled out nearly $50  million to land Xhaka tells you that he will likely be a starter. Then, the likes of Jack Wilshere, Aaron Ramsey and Santi Cazorla will all have to fight to get a spot alongside him in central midfield.

After Arsenal finished second in the 2015-16 PL table, something which disappointing fans with Leicester City winning the title by 10 points, Wenger has started his business early and has sealed the deal for Xhaka before he heads to the 2016 European Championships in France as a key member of Switzerland’s team.

Gunners fans will be licking their lips as Wenger has been backed in the transfer market and has added power and substance to central midfield. That’s something they’ve been crying out for now for many years.

Is Xhaka the missing piece in the jigsaw as Arsenal search for their first PL trophy in 13 years? Perhaps another striker and center back will persuade many that they will be the favorites to win the PL in 2016-17 but Xhaka’s arrival is a huge sign of their intent to kick on next season.

Manchester United said to be offering $12 million bonus to Zlatan Ibrahimovic

MANCHESTER, ENGLAND - APRIL 12:  Zlatan Ibrahimovic of Paris Saint-Germain beats Eliaquim Mangala (20) and Joe Hart of Manchester City to score, but his goal is disallowed during the UEFA Champions League quarter final second leg match between Manchester City FC and Paris Saint-Germain at the Etihad Stadium on April 12, 2016 in Manchester, United Kingdom.  (Photo by Clive Brunskill/Getty Images)
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The Premier League sometimes seems to deal in funny money, and it might take just that to bring Zlatan Ibrahimovic across the English Channel.

The Swedish superstar, 34, is leaving Paris Saint-Germain this summer and is reportedly being targeted by several Premier League clubs.

[ MORE: LVG issues statement ]

With his old pal Jose Mourinho expected to take over at Manchester United, there’s been a natural batch of gossip linking the pair. Goal.com has claims of extraordinary dollar signs for the trophy-collecting Ibrahimovic.

Goal’s French site claims that Ibrahimovic would get close to a $12 million signing bonus to go with a huge weekly salary of approximately $363,000. Add that up, and you’re talking more than $560,000 a week.

The report spreads rumors of a $400,000-per-week offer from Major League Soccer for Zlatan, and that acquisition would certainly quell the minor storm caused by China’s acquisition of many big names.

We’ve always thought Ibrahimovic was more an Arsenal-style player, but imagine Mourinho running the Swede with Anthony Martial and Marcus Rashford? Bonkers.

Ajax hires Peter Bosz as new coach to replace Frank de Boer

SOUTHAMPTON, ENGLAND - JULY 30:  Peter Bosz manager of Vitesse looks on ahead of the UEFA Europa League Third Qualifying Round 1st Leg match between Southampton and Vitesse at St Mary's Stadium on July 30, 2015 in Southampton, England.  (Photo by Jordan Mansfield/Getty Images)
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AMSTERDAM (AP) Ajax has signed Peter Bosz as its new coach, replacing Frank de Boer who announced earlier this month he was leaving the club after nearly six years in which he won four Dutch league titles.

Bosz, a former player and technical director at Ajax’s arch rival Feyenoord, is leaving Maccabi Tel Aviv to join the Amsterdam club on a three-year contract.

[ MORE: USMNT-Ecuador preview | Klinsmann eyes semis ]

In a statement late Tuesday, Bosz says it is an honor to join Ajax. He says, “I am very ambitious and so is Ajax.”

Ajax director Edwin van der Sar says that in Bosz, Ajax has hired a coach “who can make our talented squad even better.”

Ajax finished second behind PSV Eindhoven in the top flight Eredivisie season that has just ended.