EPL clubs back in black - report

London - English Premier League clubs posted a pre-tax profit last season for the first time in 15 years, according to a report released by business advisory firm Deloitte on Thursday.

The 20 teams in the English top flight in 2013-14 generated a combined profit of £190 million - the first profit since 1999 and almost four times greater than the previous record of £49 million set in 1997-98.

Clubs had accumulated £2.6 billion in pre-tax losses over the last decade, but a new television rights package worth around £5.5 billion that took effect in 2013 helped them balance the books.