The Premier League is the envy of the world for its revenue-generating power, yet clubs lost nearly $1 billion last season as the pursuit of on-field success trumped financial security.

Despite amassing a record £6.8 billion ($9.2 billion) in combined revenue in 2024/25, outgoings continued to outstrip income due to rampant inflation in the transfer market, player wages and agent fees.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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