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Premier League clubs paid over $3.7 billion in wages last season. A report showed that wages went above $3.5 billion for the first time. The report showed a 15 per cent increase in revenue for the League. Almost 60 per cent of revenue goes towards wages. This is up from 55 per cent from 2016-17. The Premier League's top six clubs, which include Manchester United, Liverpool and Arsenal, have the highest wage bills.
The Premier League is the most-watched league in the world. People in 212 countries watch it. The League makes a lot of money from television. However, the increase in wages has lowered the clubs' profits. These may go down in the next few years because of higher wages. It is harder for teams in the lower half of the League to make a profit. The bottom teams can lose up to $130 million if they go down from the Premier League.
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