Premier League wage bill hits record £4bn – with hapless Man Utd’s bloated budget revealed…where does your club rank?

Premier League wages reached a record of £ 4 billion last season, discovered a new study.

It means that the 500 stars that form the top competition of Great Britain have taken on average £ 8 million a year in 2023/24.

And players of Manchester City were the best earners of the Prem and took home a combined £ 413 million.

The figures were collected by football blogger Kieron O'Connor, who runs the Swiss Ramble Football Finance blog.

He says that Spits Erling Haaland is the best earner of the city after negotiating a deal worth £ 500,000 a week in January.

Liverpool came in second in the wage strikes, whereby the Anfield team took home £ 377 million.

Mo Salah is the best earner of the club and recently brought a wage increase after he had committed his future to Anfield, so that he is taken to £ 400,000 a week.

All Premier League clubs have unveiled their accounts of the 2023/24 season, with the figures showing the Post-Covid Pay Bubble, continues to climb.

The combined wage account of the clubs has risen from £ 2.9 billion in just six years, the equivalent of 38 percent.

The wage accounts also show that the Big Six became the Big Five, with a huge opening between the best -paying sides.

Kieron reveals that City and Liverpool are accompanied by Man Utd (£ 365 million), Chelsea (£ 338 million) and Arsenal (£ 328 million) in the enormous wage meanings.

Aston Villa had the sixth largest wage account, which came to £ 76 million to Arsenal at £ 252 million.

Tottenham and Newcastle have also paid more than £ 200 million.

This year's FA Cup winners Crystal Palace were the highest performers of the competition last season and ended tenth, despite the fact that only four clubs had a smaller wage account.

Man Utd underperformed, finished eighth, despite the third largest wage account.

The three clubs with the lowest wage accounts were banned last season – Luton Town, Sheffield Utd and Burnley.

Luton's wage account was the lowest in the competition and paid £ 57 million to his team.

The figures were released before the last matches of today, with Liverpool already crowned champions.

'A little crazy'

While Haaland itself admitted that his salary was “a bit crazy” when his new ten-year agreement was announced in January, the wages of the best Prem stars are far below those of other sports stars around the world.

A study by Forbes Magazine posted Haaland 27th on the list of top earners when comparing him with greats such as Cristiano Ronaldo, Lionel Messi and Kylian Mbappe.

And his money faded in insignificance compared to NFL's Kansas City Chiefs Quarterback Patrick Mahomes, who signed a £ 410 million deal in 2021.

And last December, the New York Mets baseball team agreed to pay Slugger Juan Soto £ 628 million for a deal of 15 years.

Haaland's departing teammate Kevin De Bruyne has previously told how he believes that top football players are underpaid, despite earning £ 400,000 a week.

When he was asked in 2022 if he was paid too much, the Belgian answered with a move to Serie A winners Napoli: “No. I compare it to a singer during a concert and 60,000 people come. I look logically at it.

“There are millions of people watching football on TV, there are 60,000 watching the matches, the income of a club are £ 500 million to £ 600 million. Yes, it is a lot of money, but is it too much?

“If the club can afford it, it's not too much.”

In March, the wages of players throughout Europe unveiled £ 15.1 billion in 2023/24, an increase of 6.5 percent compared to the previous year.

After the release of the latest UEFA Club Licensing Benchmarking Report, the president of the administrative body Aleksander Ceferin teams warned about paying excessive amounts to their players.

'Players are the stars'

He said: “Although most clubs seem to manage the player's wage, it is increasing in the right way, other costs rise rapidly, so that operational margins than ever exert more pressure. Clubs must remain vigilant, because there is still a lot of work to restore pre-buildness profitability.”

Premier League clubs have to pay or be confronted with punishment every year within the profit and sustainability rules (PSR).

Everton and Nottingham Forest were confronted with points deduction for violating the rules.

In February it was reported that the Professional Football players' Association, who performs for players, threatened the Premier League with legal steps when it brought in a salary limit.

Clubs voted last year to explore the introduction of a spending cap from the start of the 2025/26 season as part of a new system of financial checks.

It will limit clubs to issuing 85 percent of their total income to wages, transfer benefits and agent costs.

Sponsor adviser Nigel Currie said: “The players are the stars, they are the talent and the reason why millions coordinate every week and buy the kits.

“The Premier League is enormously successful, the richest football competition in the world, and that will continue.

“There will be huge financial implications for players. Sponsorship will go through the roof in terms of value.”

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