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TORONTO - With the current Canadian Football League collective bargaining agreement set to expire in mere hours, talks between the league and the Players Association stretched over 12 hours Wednesday in hopes of reaching a new deal. Although neither side overtly stated any progress in negotiations, commissioner Mark Cohon told the media talks will resume Thursday at 9am ET. "Its been a long day of meetings and well resume tomorrow," Cohon said shortly after 10pm ET. "And thats a good thing." The current deal between the league and the union expires Thursday at midnight. A long day of talks can be interpreted as an encouraging sign after so much acrimony and frustration played out publicly when discussions broke down last week. The league and union initially met around 10am ET, and the day was a steady stream of comings and goings. The leagues representative, including Cohon, chief operation officer Michael Copeland, Saskatchewan Roughriders president Jim Hopson, Calgary Stampeders president Ken King, and CFL legal counsel Steve Shamie, left the meeting room a couple times before noon. "Were still talking," is all Cohon said then. "Were working hard," Hopson said. When asked later to give a "thumbs up" or "thumbs down" on how discussions were going, Hopson placed his bag on the ground and gave both. The players, including union president Scott Flory, vice-presidents Marwan Hage and Jeff Keeping, treasurer Brian Ramsay and legal counsel Ed Molstad, remained in nearby meeting rooms for much of the day, breaking for dinner around 6pm ET. Keeping, an offensive lineman with the Toronto Argonauts, said the players werent considering any new proposal around dinnertime, but did expect to meet with the CFL by the end of the day. Molstad confirmed a "conciliation officer" was present to assist with negotiations throughout Wednesday. At 7:30pm ET, the leagues representatives returned to the meeting room to resume discussions with the union. The two sides met for about an hour before the league left once again. "Going upstairs [to the leagues room in the hotel] to talk," Cohon said at the time. Shamie and the mediator walked into the meeting room used by both parties at 9:45pm ET. Shamie later emerged and said the league and players were "still talking." When asked if the two sides were any closer, the mediator just smiled and continued walking. Cohon didnt answer questions from the media. The union didnt make any public statements. Last week, the league quickly broke off scheduled talks with the union before making its proposal to the players public. The leagues recently published proposal included a nine per cent increase to the current salary cap, taking it from $4.4 million to $4.8 million, along with a yearly $50,000 increase for five years (putting the cap at $5,050,000 at the end of a new deal). The players published proposal included a $6.24 million initial salary cap, constructed primarily through a revenue-sharing model that would give the players 55 per cent of gross revenue from TV, internet and radio right, 45 per cent of gross sponsorship revenue, and 40 per cent of gross ticket revenue. The leagues representatives insisted then any revenue-sharing model the players requested would be bad for the CFL. "In fact, (a revenue-sharing model) would threaten the very existence of the CFL," Cohon said in a statement to players and fans. The only work stoppage in CFL history occurred in 1974, when three weeks of training camp were lost before a new agreement was signed and the regular season schedule started unaffected. 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Mats Zuccarello and Derek Stepan scored shootout goals, and backup goalie Cam Talbot earned his second win in two nights as the Rangers shook off a late tying tally and beat the Maple Leafs 2-1 Monday night. LONDON -- The revenue generated by football clubs in the Premier League struck a record 2.53 billion pounds ($4.23 billion) in the 2012/13 season as the English topflight remained the world leader. An annual review conducted by consultants Deloitte shows that revenues among the 20 Premier League sides swelled by 165 million pounds, with over 60 per cent of the growth driven by Manchester United, Manchester City and Liverpool. "Once again the global appeal of the Premier League has continued to drive commercial revenue growth, particularly at the highest ranked Premier League clubs," said Deloitte sports business group partner Dan Jones. "Matchday revenue also increased by 6 per cent with fewer unsold seats at Premier League games than ever before." Jones added that the increasing trend is expected to continue, with the Premier League clubs revenue likely to increase by 30 per cent to 3.2 billion pounds ($5.4 billion) in 2013-14. "This growth will be driven by the revenue from the first season of the Premier Leagues new broadcast deals and further commercial revenue growth at the biggest clubs," he said. According to Deloitte, the 7 per cent increase in Premier League revenues is the largest absolute growth of any of the "big five" leagues. Among those, German clubs generated revenues of 1.7 billion pounds ($2.85 billion) while those in Spain reaped 1.6 billion pounds ($2.68 billion). Italys clubs garnered 1.4 billion pounds ($2.35 billion) while French clubs saw revenues of 1.1 billion pounds ($1.84 billion). Overall, the "big five" saw revenues increase 5 per cent. The majority of the Prremier League revenues growth arose from commercial sources, with the two Manchester clubs accounting for over half of the leagues 129 million pounds ($216 million) commercial revenue increase.dddddddddddd Deloitte noted that the Bundesliga is still ahead of the Premier League by 55 million euros ($75 million) in commercial terms but expects the English league to "comfortably lead Europe" in all three main revenues categories -- matchday, broadcast and commercial in the 2013-14 results. In the year before UEFAs Financial Fair Play rules took effect, over 75 per cent of the Premier League clubs revenue increase was spent on wages, which rose by 125 million pounds to 1.8 billion pounds ($3 billion), as clubs spent in anticipation of the extra revenue from the new broadcast deal in 2013-14. The biggest increase was at Manchester City, with the club spending an extra 31 million pounds ($52 million) compared to the previous year to reach 233 million pounds ($390 million). Though Manchester City remained ahead of its city rival Manchester United in the player cost stakes, United won the 2012/13 Premier League title. City reclaimed the title in the season thats just ended while United sank to seventh. "The pattern in spending on wages following previous increases in broadcast deals, suggests its likely around 60 per cent or more of the revenue increase in 2013-14 will flow through to wages," said Adam Bull, senior consultant in the Sports Business Group at Deloitte. "On that basis, we would expect Premier League total wage costs to reach a new record level of around 2.2 billion pounds ($3.7 billion)." ' ' '