The Premier League's 20 clubs made a record income of £2.3bn in 2010-11, yet still made a collective loss of £361m. David Conn explains the maths here.

Eight of the 20 clubs made a profit while Manchester City, whose lavish funding by Sheikh Mansour bin Zayed al-Nahyan has just won them the league title, reported the greatest financial loss in the history of football: £197m.

Manchester City were also the only Premier League club whose wage bill (£174m) exceeded their turnover (£153m).



The smallest wage bill in the 2010-11 season was perhaps unsurprisingly to be found at Blackpool (£25m), but West Bromwich managed to avoid relegation with the second smallest spend on wages, of £37m.