Editing Premier League (section)

==Finances==
{{see also|List of English football club owners#Premier League|l1=List of Premier League football club owners}}
The Premier League has the highest revenue of any association football league in the world, with total club revenues of €2.48&nbsp;billion in 2009–10.<ref>{{cite news |title=Premier League wages keep on rising, Deloitte says |url=https://www.bbc.co.uk/news/business-13679632 |website=BBC News |date=9 June 2011 |access-date=13 August 2012 |archive-date=30 July 2016 |archive-url=https://web.archive.org/web/20160730164739/http://www.bbc.co.uk/news/business-13679632 |url-status=live }}</ref><ref name="Revenues">{{cite news |title=English Premier League generates highest revenue, German Bundesliga most profitable |url=http://www.cnn.com/2010/SPORT/football/06/08/football.finance.deloitte.bundesliga/index.html |newspaper=The Observer |date=10 June 2010 |access-date=20 September 2010 |archive-date=24 June 2010 |archive-url=https://web.archive.org/web/20100624122557/http://www.cnn.com/2010/SPORT/football/06/08/football.finance.deloitte.bundesliga/index.html |url-status=live }}</ref> In 2013–14, due to improved television revenues and cost controls, the Premier League clubs collectively made a net profit in excess of £78&nbsp;million, exceeding all other football leagues.<ref>{{cite news |last1=Jakeman |first1=Mike |title=Unbelievably, the Premier League is becoming profitable |url=http://qz.com/368867/unbelievably-the-premier-league-is-becoming-profitable/ |access-date=25 March 2015 |work=[[Quartz (publication)|Quartz]] |date=25 March 2015 |archive-date=27 March 2015 |archive-url=https://web.archive.org/web/20150327161144/http://qz.com/368867/unbelievably-the-premier-league-is-becoming-profitable/ |url-status=live }}</ref> In 2010 the Premier League was awarded the [[Queen's Awards for Enterprise|Queen's Award for Enterprise]] in the International Trade category for its outstanding contribution to international trade and the value it brings to English football and the United Kingdom's broadcasting industry.<ref name="Enterprise Award">{{cite web |title=Prestigious Award for Premier League |url=http://www.premierleague.com/page/Headlines/0,,12306~2030479,00.html |publisher=Premier League |date=21 April 2010 |access-date=21 April 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100422200715/http://www.premierleague.com/page/Headlines/0%2C%2C12306~2030479%2C00.html |archive-date=22 April 2010 }}</ref>

The Premier League includes some of the richest football clubs in the world. Deloitte's "[[Deloitte Football Money League|Football Money League]]" listed seven Premier League clubs in the top 20 for the 2009–10 season,<ref name=Deloitte0809>{{cite web |url=http://www.deloitte.com/view/en_GB/uk/industries/sportsbusinessgroup/sports/football/deloitte-football-money-league-2011/c774a9e481a7d210VgnVCM1000001a56f00aRCRD.htm |title=Top 20 clubs Deloitte Football Money League 2011 |publisher=Deloitte |access-date=22 January 2013 |url-status=dead |archive-url=https://web.archive.org/web/20121130164529/http://www.deloitte.com/view/en_GB/uk/industries/sportsbusinessgroup/sports/football/deloitte-football-money-league-2011/c774a9e481a7d210VgnVCM1000001a56f00aRCRD.htm |archive-date=30 November 2012 }}</ref> and all 20 clubs were in the top 40 globally by the end of the 2013–14 season, largely as a result of increased broadcasting revenue.<ref>{{cite web |url=http://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-football-money-league-2015.PDF |title=Deloitte Football Money League 18th Edition |date=January 2015 |access-date=14 November 2015 |page=3 |archive-url=https://web.archive.org/web/20150122061724/http://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-football-money-league-2015.PDF |archive-date=22 January 2015 |url-status=dead}}</ref> In 2019, the league generated around £3.1&nbsp;billion per year in domestic and international television rights.<ref name="AP"/>

Premier League clubs agreed in principle in December 2012, to radical new cost controls. The two proposals consist of a break-even rule and a cap on the amount clubs can increase their wage bill by each season. With the new television deals on the horizon, momentum has been growing to find ways of preventing the majority of the cash going straight to players and agents.<ref>{{cite news |first=Simon |last=Austin |title=Premier League clubs agree new cost controls |url=https://www.bbc.co.uk/sport/0/football/20773526 |website=BBC Sport |date=18 December 2012 |access-date=8 July 2013 |archive-date=17 October 2013 |archive-url=https://web.archive.org/web/20131017061254/http://www.bbc.co.uk/sport/0/football/20773526 |url-status=live }}</ref>

Central payments for the 2016–17 season amounted to £2,398,515,773 across the 20 clubs, with each team receiving a flat participation fee of £35,301,989 and additional payments for TV broadcasts (£1,016,690 for general UK rights to match highlights, £1,136,083 for each live UK broadcast of their games and £39,090,596 for all overseas rights), commercial rights (a flat fee of £4,759,404) and a notional measure of "merit" which was based upon final league position.<ref name="Premier League"/> The merit component was a nominal sum of £1,941,609 multiplied by each finishing place, counted from the foot of the table (e.g., [[Burnley F.C.|Burnley]] finished 16th in May 2017, five places counting upwards, and received 5 × £1,941,609 = £9,708,045 merit payment).<ref name="Premier League"/>

===Relegation===
{{see also|Premier League–Football League gulf|Premier League parachute and solidarity payments}}
Since its split with the [[English Football League|Football League]], established clubs in the Premier League have a funding disparity from counterparts in lower leagues. Revenue from television rights between the leagues has played a part in this.<ref name="guardian">{{cite news |url=http://football.guardian.co.uk/comment/story/0,,1771399,00.html |title=Rich clubs forced to give up a sliver of the TV pie |newspaper=The Guardian |access-date=8 August 2006 |first=David |last=Conn |date=10 May 2006 |archive-date=26 May 2006 |archive-url=https://web.archive.org/web/20060526064458/http://football.guardian.co.uk/comment/story/0,,1771399,00.html |url-status=live }}</ref>

Promoted teams have found it difficult to avoid relegation in their first Premier League season. One Premier League newcomer has been relegated back to the Football League every season, save the [[2001–02 FA Premier League|2001–02]], 2011–12, 2017–18 & 2022–23 seasons. In the [[1997–98 FA Premier League|1997–98]] and [[2023–24 Premier League|2023–24]] seasons, all three promoted clubs were relegated by the season's end.<ref>{{cite news |title=1997/98 – Season Review |url=http://soccernet.espn.go.com/columns/story?id=333233&root=extratime&cc=5739 |last=Brewin |first=John |date=4 July 2005 |access-date=29 November 2007 |work=Soccernet |publisher=ESPN |archive-date=23 December 2007 |archive-url=https://web.archive.org/web/20071223022347/http://soccernet.espn.go.com/columns/story?id=333233&root=extratime&cc=5739 |url-status=dead }}</ref>

The Premier League distributes a portion of its television revenue as "parachute payments" to relegated clubs for adjustment to television revenue loss. The average Premier League team receives £41&nbsp;million<ref>{{cite news |title=Championship clubs to lose out as Premier League parachute and solidarity payments cut |url=https://www.gazettelive.co.uk/sport/football/football-news/championship-clubs-lose-out-premier-16784570 |access-date=20 November 2019 |work=Gazette Live |archive-date=24 February 2020 |archive-url=https://web.archive.org/web/20200224021212/https://www.gazettelive.co.uk/sport/football/football-news/championship-clubs-lose-out-premier-16784570 |url-status=live }}</ref> whilst the average [[EFL Championship|Championship]] club receives £2&nbsp;million.<ref name="Guardian Sport">{{cite web|title=Richard Scudamore takes big stick to Championship over parachute money|url=https://www.theguardian.com/football/2013/may/16/premier-league-championship-parachute-payments|newspaper=The Guardian|date=16 May 2013|access-date=12 December 2016|archive-date=6 November 2018|archive-url=https://web.archive.org/web/20181106191702/https://www.theguardian.com/football/2013/may/16/premier-league-championship-parachute-payments|url-status=live}}</ref> Starting with the [[2013–14 Premier League|2013–14]] season, these payments are in excess of £60&nbsp;million over four seasons.<ref name="BBC Sport">{{cite web |title=Premier League's relegated clubs to receive £60m boost |url=https://www.bbc.co.uk/sport/0/football/22171365 |website=BBC Sport |date=16 April 2013 |access-date=12 February 2018 |archive-date=7 April 2015 |archive-url=https://web.archive.org/web/20150407052645/http://www.bbc.co.uk/sport/0/football/22171365 |url-status=live }}</ref> Critics maintain that the payments widen the gap between teams that have reached the Premier League and those that have not,<ref>{{cite news |first=Stuart |last=James |title=Why clubs may risk millions for riches at the end of the rainbow |url=http://football.guardian.co.uk/comment/story/0,,1837801,00.html |date=5 August 2006 |newspaper=The Guardian |access-date=13 August 2006 |archive-date=10 March 2007 |archive-url=https://web.archive.org/web/20070310222333/http://football.guardian.co.uk/comment/story/0,,1837801,00.html |url-status=live }}</ref> leading to the common occurrence of teams "[[Premier League–Football League gulf|bouncing back]]" soon after their relegation.

Clubs which have failed to win immediate promotion back to the Premier League have seen financial problems, in some cases [[Administration (British football)|administration]] or liquidation. Further relegations down the footballing ladder have occurred for multiple clubs unable to cope with the gap.<ref>{{cite news |url=http://www.thisislondon.co.uk/standard-sport/article-23664566-details/Premier+League+casualties+-+clubs+that+have+struggled+since+relegation/article.do |title=Premier League casualties – clubs that have struggled since relegation |newspaper=Evening Standard |publisher=Daily Mail & General Trust |first1=Ben |last1=Bailey |first2=Patrick |last2=Whyte |date=19 March 2009 |access-date=7 April 2009 |archive-url=https://web.archive.org/web/20090322034918/http://www.thisislondon.co.uk/standard-sport/article-23664566-details/Premier%2BLeague%2Bcasualties%2B-%2Bclubs%2Bthat%2Bhave%2Bstruggled%2Bsince%2Brelegation/article.do |archive-date=22 March 2009 |url-status=dead }}</ref><ref>{{cite news |url=https://www.telegraph.co.uk/sport/football/2299511/Down-again-Leicesters-relegation-horror.html |archive-url=https://ghostarchive.org/archive/20220110/https://www.telegraph.co.uk/sport/football/2299511/Down-again-Leicesters-relegation-horror.html |archive-date=10 January 2022 |url-access=subscription |url-status=live |title=Down again: Leicester's relegation horror |newspaper=The Daily Telegraph |date=5 May 2008 |access-date=7 April 2009}}{{cbignore}}</ref>