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Where did all the money go?

Since the Premier League was set up in 1992/3 ten clubs have generated revenues of more than £1 billion each. What has happened to that money asks Kieran Maguire of the PriceofFootball?

The clubs are: the two Manchester clubs, Chelsea, Liverpool, Tottenham Hotspur, Arsenal, West Ham United, Newcastle United, Everton and Aston Villa.

The biggest drain on a club is wages, and since the start of the Premier League the biggest overall payer has been Manchester United, closely followed by Chelsea. Transfer fees are a club's second highest area of expense, and the biggest spenders in Premier League history is Manchester City, despite a few years not in the EPL, with Manchester United, Liverpool and Chelsea the only two other clubs to spend more than £1 billion.

Despite perception of riches in the Premier League, the ten clubs with income of more than £1 billion each, which between them generated revenue of £28,546,000,000 only made a collective loss of £918 million since 1992/3.

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