Top European soccer leagues generated a record 14.7 billion euros ($17.4 billion) in revenue in the 2016/17 season, a 9 percent increase on the previous year, according to figures from Deloitte.
In its annual review released Thursday, the consultancy said that the overall European soccer market is now worth an estimated 25.5 billion euros.
The German Bundesliga remained the best attended European league, with the weekly average crowd topping 44,000 fans.
Despite that high match day attendance, Germany was overtaken by clubs in Spain's La Liga for total revenue generation. The Spanish teams posted an aggregate 2.9 billion euros of sales in 2016/17.
Italy's Serie A saw revenue grow by 8 percent to more than 2 billion euros for the first time, while French teams collected 1.6 billion euros.
The English Premier League was the clear market leader, however, scoring a record revenue of £4.5 billion ($6 billion) during 2016/17.
Speaking to CNBC's "Squawk Box Europe," Tim Bridge, a director in Deloitte's sports business group, said Thursday that the English Premier League was entering an era of stability.
"If you go back 10 years, 60 percent of (English) premier league clubs were making losses. That has all changed," he said, highlighting that all top-flight clubs in England made an operating profit in 2016/17.
The price to pay for English Premier League football rights for television broadcasters such as Sky, BT and now Amazon, has fallen in the U.K., but Bridge said that had been offset by the amount secured in global deals.
"You have got to give the English Premier League credit for remaining the key live property for the public."