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Premier League clubs paid over $3.7 billion in wages for the first time last season. Almost 60 per cent of clubs' money goes towards wages. This was 55 per cent in 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 increase in wages has lowered the clubs' profits. It is harder for teams in the lower half of the League to make money. The bottom teams can lose up to $130 million if they go down from the Premier League.
Back to the Premier League lesson.