New figures from the sports business group at Deloitte show that clubs with new stadia are reaping the benefits of their investments.
A total of 25 new club football stadia have been built in England since 1990, with eight clubs in this season's Premier League playing in arenas built since the Premiership began.
The figures show that, in the first season at a new stadium, football club turnover (excluding broadcast income) increases on average by 66%.
Increases in turnover were largely driven by a 51% increase in average attendances in the first season at the club's new venue compared to the last season in their old home.
Mark Roberts, senior consultant in the sports business group at Deloitte said: "Total stadia investment by English clubs since 1992/93 is now well into its third billion - with £2.2bn spent up to the end of the 2005/06 season.
"While the Taylor Report provided the initial catalyst for this expenditure, these impressive amounts illustrate the fact that stadium investment can deliver a significant element of a successful club business strategy."