Premier League back in the black as TV cash rolls in


Football - Manchester United v Sunderland - Barclays Premier League - Old Trafford - 28/2/15 Wayne Rooney celebrates with team mates after scoring the first goal for Manchester United from the penalty spot Action Images via Reuters / Carl Recine Livepic

LONDON (Reuters) - English Premier League's clubs have recorded the first combined pre-tax profit for 15 years thanks to the soaring value of television deals and a slowdown in players' salaries.

While on-field performances of England's top teams against Europe's elite have regressed in the Champions League and Europa League, their bank accounts are bulging, according to business advisory firm Deloitte.

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