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Premier League clubs defy global recession

LONDON (AFP) - Premier League clubs continue to defy the global recession as a new report shows revenue from the top 20 teams in England reached a record 1.981 billion pounds in 2008-09 and is likely to have exceeded two billion pounds in the 2009-10 season.

According to the latest Annual Review of Football Finance from the Sport Business Group at Deloitte, new broadcast contracts will drive a further increase in revenues to 2.2 billion pounds in 2010-11.

In total, the 92 English clubs saw revenues increase by 100 million pounds to over 2.5 billion pounds in the 2008-09 season.

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