The combined total of English Premier League clubs' revenues broke the £3bn mark for the first time during the 2013-14 season.

The Annual Review of Football Finance, by business analyst Deloitte, also shows that Germany's Bundesliga remains Europe's most profitable league, with operating profits of £226m, followed by the Premier League with operating profits of £82m.

Dan Jones, partner at Deloitte's Sports Business Group, said the increases in the Premier League revenue is mainly down to broadcasting rights.

"The global appeal of the Premier League has continued to drive commercial revenue growth, particularly at the highest ranked Premier League clubs," he said.

"We estimate that Premier League clubs' revenue will have increased by almost 30 per cent to £3.2bn in 2013-14. This growth will be driven by the revenue from the first season of the new broadcast deals and further commercial revenue growth at the biggest clubs."

The increase in broadcasting income is mainly down to the entry of BT Sport into the market to compete with BSkyB for broadcasting rights.

The report also shows that, on average, Premier League clubs now spend 71 per cent of their revenue on wages - a record high - and only 13 of the Premier League's 20 clubs made an operating profit last year.

The Bundesliga has the strongest cost control, with a wages-to-revenue ratio of 51 per cent.

To read the full report, click here.