LONDON, Dec 2: English Premier League clubs made more than 150 million pounds ($240.40 million) profit but paid less than three million pounds corporation tax in their most recent accounts, Britain’s Independent on Sunday newspaper has said.

Although the clubs have done nothing illegal, the newspaper’s investigation has led to criticism of the Premier League by some British politicians.

Former sports minister Gerry Sutcliffe told the newspaper: “Even though this isn’t illegal, it’s not right. I will be raising this issue with the Culture, Media and Sport Select Committee this week, as a matter of urgency.”

Simon Hughes, deputy leader of the Liberal Democrats, said: “Whatever the accounts of these clubs say, everyone knows that the Premier League is awash with money.”

The Independent on Sunday, which noted that the 150 million of profit came off turnover of about 2.2 billion a year, said Manchester United were among five clubs not to pay any corporation tax in their most recent accounts.—Reuters