The Premier League has made a significant contribution to the UK's economic growth, generating 9.8 billion pounds in revenue in the 23/24 season.
6686 Sports reported on November 12 that the Premier League officially released a message stating that Ernst & Young, one of the Big Four accounting firms, had published an independent research report. The research report showed that the contribution of Premier League games to the British economy is growing.
An assessment by Ernst & Young for the 2023/24 season shows that the Premier League and its clubs have created an additional value of 9.8 billion pounds for the British economy. This is an increase of 21% compared to the 2021/22 season and more than 14 times higher than the 1998/99 season. The research also found that Premier League matches support more than 100,000 full-time jobs and contribute £4.4 billion in taxes, including £2.1 billion from players and staff - revenue that helps fund public services across the UK.
Richard Masters, Premier League chief executive, said: "Premier League clubs are proud to be rooted in their communities. As the Premier League continues to grow, this helps them further invest in staff, facilities and local projects that benefit millions of people. The Premier League creates huge economic value for the UK and improves the positive image of the UK globally. But equally important, our assets King supports all aspects of football, from professional and non-professional clubs to the academy system and grassroots football. ”
In addition, the Premier League also supports the Department for Work and Pensions’ Youth Guarantee Scheme, which assists young people to obtain training and employment through the club’s local employability training projects, which are supported by the Premier League and the Professional Footballers Foundation. As one of Britain's most successful cultural exports, the Premier League continues to actively showcase Britain's image to the world.