Spain’s football league, La Liga, announced on Thursday that
their clubs had posted a record revenue of 4.48 billion euros (3.86 billion
pounds) for the 2017/2018 season.
The number marks a
20.6 per cent growth from the previous record of 3.6 billion euros, and
therefore, becomes the best in the competition’s history.
Crucially, it has
not been bloated by a new TV deal given that the figures come from the second
of a three-year domestic cycle on audio-visual rights.
This will come up
for renewal in the 2019/2020 season.
The current figure
of audio-visual turnover surpassed the 1.5 billion euro mark for the first time
in this set of financial results.
Commercial revenue
has been up 34.1 per cent with an 838 million euro turnover, while revenue from
player transfers is up 104.3 billion euros to 1.02 billion euros.
They are the two
main contributors to the league’s strong annual growth, with higher sums
forecast next year.
La Liga’s
professional structure means it produces an impact on Spain’s national Gross
Domestic Product (GDP) equivalent to almost 1.4 per cent.
It employs 185, 000
people directly and indirectly, with a tax contribution of more than four
billion euros per year.
Comments
Post a Comment