The European football market is now worth a record €28.4 billion (£25.1bn/$31.6bn), according to the 28th Annual Review of Football Finance from the Sports Business Group at Deloitte.
That figure was driven by the growth of the 'big five' European leagues, which generated a record €15.6bn (£13.8bn/$17.4bn) in revenue in 2017-18, a 6 per cent increase from the previous year.
“European club football is in the strongest financial position that we've ever seen," Dan Jones, partner and head of the Sports Business Group at Deloitte, said in a news release.
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"This reflects the drive among leading clubs to generate ever greater revenues to fund success on the pitch and also the sustained efforts of UEFA to improve profitability and sustainability of clubs through Financial Fair Play and club licensing,"
The Premier League led the way in the growth of European football, with the English top flight seeing its revenues rise to £4.