European Football’S Revenue Soars To Record €35.3 Billion
Date
6/26/2024 7:00:09 PM
(MENAFN- The Rio Times) In the 2022-23 season, European soccer achieved a new revenue record of €35.3 billion, marking a 16% increase from the previous year.
The top five leagues-Premier League, Bundesliga , Serie A, LaLiga, and Ligue 1-drove this growth. Together, they contributed €19.6 billion, or 56% of the total revenue.
The lifting of Stadium restrictions caused a significant rise in matchday revenues. These revenues increased by €700 million to €2.8 billion, especially in Germany and Italy.
Moreover, commercial revenues saw a notable boost. They climbed by €1.2 billion to €7.6 billion, thanks to new sponsorships and innovative stadium uses on non-match days.
The Premier League led this financial surge with €6.1 billion. The Bundesliga followed with €3.8 billion, marking the highest growth rate among the leagues.
LaLiga clubs recorded €3.5 billion. Serie A earned €2.9 billion. Ligue 1 saw a 17% increase to €2.4 billion.
This financial milestone holds significant implications for European football. It highlights the sport's resilience and adaptability after COVID-19 disruptions.
Strategic planning and revenue innovation by leagues and clubs were essential for this success. These efforts ensure long-term sustainability and growth.
The 2022 FIFA World Cup also played a crucial role in boosting financial results. It marked the first season since 2018-19 unaffected by pandemic-related disruptions.
Deloitte forecasts that revenue for major league clubs could reach €21 billion by the 2024-25 season.
This remarkable financial performance emphasizes the importance of effective governance and strategic investments.
Fan engagement remains critical in driving future success. This success story sets a precedent for other sports and industries.
MENAFN26062024007421016031ID1108378012
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.