The season that Manchester City won was highlighted in the study by Deloitte’s Sports Business Group, which revealed pre-tax losses of £685 million for elite teams during that time.
The red amount was attributed to wages and player transfer expenses.
Sustainability issues are still a major focus in the English Football League (EFL) Championship.
There was some improvement, as wages were spent less than income for the first time since 2016–17.
However, the combined performance resulted in operating losses of £316 million even though second-tier teams’ income increased by 10% to £749 million.
Of that sales amount, £200 million came from Premier League parachute payments, according to Deloitte.
The article was published at a time when league managers and Premier League clubs are embroiled in a fierce battle over financial fair play regulations, keeping football finances firmly in the public eye.
EFL teams are still vying with each other for a larger share of the prize money from the top division.
Although the study’s focus is on league clubs’ financial situations in 2022–2023, Everton and Nottingham Forest were deducted a total 12 points from the previous campaign.
The fines associated with violating the Premier League’s Sustainability and Profitability Rules (PSR), which calculate permitted losses.
