December 3, 2022

The Catholic Transcript

Complete News World

The Premier League contributed £ 7.6bn to the UK economy

The Premier League contributed £ 7.6bn to the UK economy

Despite the full impact of the epidemic, the Premier League has contributed £ 7.6 billion to the UK economy, according to a study by Consulting EY.

According to the Economic and Social Impact Report, the League and its clubs have generated a total tax contribution of £ 3.6bn to the UK Treasury in 2019/20. Of that amount, 1. 1.4 billion was calculated by Premier League players. Furthermore, with 94,000 positions across the UK, competitions and clubs have shown significant and sustainable growth in employment, the study notes. The number of club-related jobs increased from 11,000 in 1998/99 to 87,000 in 2019/20, an increase of 650%, EY added.

In terms of tournament attendance, the global audience in 2019/20 was 3.2 billion, more than double the Champions League, with 878 million homes broadcasting games worldwide. Prior to the arrival of Covid-19, stadiums recorded 97.8% occupation throughout the Premier League.

It already lost about £ 1.3bn in broadcast and, citing the aftermath of the epidemic Competition day Due to games without spectators in the 2019/20 and 2020/21 seasons.

“The Premier League’s global appeal is a key factor in driving its economic impact, and the league plays a significant role in the hearts of the community. Every year millions of children, youth and adults benefit from the initiatives supported by the league, and bring the role of football in communities across the country sharper than ever before. The epidemic has helped, “said Peter Arnold, an EY economist. To England.

“This new EY report highlights how we and our clubs can make a significant contribution to the UK economy and provide much needed assistance to football and all levels of society at a time when the epidemic is bringing unprecedented challenges and uncertainty. We are also proud to be a fundraiser and the importance of our work has become clearer in recent times than ever before, ”said Richard Masters, Premier League CEO.

See also  US warship crosses Taiwan Strait