Premier League income tops 2 billion pounds

Premier League clubs’ revenues smashed through the £2 billion barrier for the first time last year but soaring wages remain a concern for the world’s richest league, a study reported Thursday. The 20th Annual Review of Football Finance from Deloitte reported that Premier League clubs earned £2.030 million in 2009/10, a figure which is expected to rise to £2.2 billion in 2010/2011 when new television deals kick in. However the report cautioned that the incresase in revenues of £49 million was outstripped by the rise in total wage costs of £64 million, taking total payroll costs to more than £1.4 billion or 68 percent of revenues.