Skip to main content

FC Barcelona Posts Highest Revenue In The History Of Sports At $770 Million

Spanish soccer giant FC Barcelona reported record revenue for the 2015-16 season of €679 million or $750 million. Barcelona recently ranked fourth overall in Forbes annual look at the world’s most valuable sports franchises at $3.64 billion. Only the Dallas Cowboys ($4.2 billion), New York Yankees ($3.7 billion) and Man United ($3.69 billion) are worth more. The tally puts the world’s third most valuable sports franchise at $3.55 billion on pace to meet its target revenue of €1 billion by 2021.
Barcelona is set to begin a $650 million renovation of its Camp Nou stadium next year. The project will modernize the stadium, expand capacity to 105,000 seats and further generate revenue. In addition to the stadium renovation, sponsorships are key to Barcelona’s future revenue growth. Marketing represented the club’s biggest revenue stream at 37% in 2014-15. It is about to soar thanks to a new kit deal with Nike NKE -0.17% inked this year. The new deal is expected to bring in as much as $170 million a year. Barca is also up for a new jersey sponsorship after its three-year deal with Qatar Airways expired. The two parties reached a one-year extension for the 2016-17 season, but as many as a dozen other companies are interested in buying one of the most valuable pieces of real estate in sports.
Barcelona allocated 66% of its expenditures for “payment of salaries to athletes.” No player cost more than the five-time player of the year Lionel Messi, who earned more than $50 million in salary and bonuses from Barça and ranked as the second highest-paid soccer player in the world behind Cristiano Ronaldo. Messi signed a three-year contract extension to remain at Camp Nou through 2021.

The renovation project will modernize the stadium and expand capacity to 105,000 seats. It is expected to cost in the neighborhood of $650 million. Barcelona’s $750 million in revenue includes revenue from all FC Barcelona sporting divisions, including soccer, basketball, handball and field hockey, but the soccer accounts for roughly 90% of the overall business. 



Comments

Post a Comment

Popular posts from this blog

Magic of the girls continues

The humble person silently performs their job they doesn’t cry for any publicity or fame for their doings. This is perfectly applicable for the Women’s Hockey Team of India. When the entire country is busy in watching the county cricket league Indian Premier League (IPL) and cheering for them these girls got no support and cheering from the country side have created history. It was a super Sunday for the Indian sports lovers as there was the final match of the Women’s Hockey World League, Vancouver . Indian Senior Women’s team as they triumphed over Chile in the final of the  Women’s Hockey World League  Round 2. The final match was on 9 th of April 2017, i.e. Saturday in Canada but it was 10 th of April , Sunday for India. Savita Punia, who was adjudged the Goalkeeper of The Tournament, was outstanding under the bar as she denied scoring chances to Kim Jacob and Josefa Villalabeitia which gave India a head start in the shootout. Skipper ...
Post a Comment
Read more

Current Indian Sports Scenario.

Sport is regarded as one of the largest industries globally in terms of employment and revenue. The Business of Sports is a multi-billion dollar global industry propelled by enormous consumer demand. The sports business means many different things to different people. This is a truly global industry, and sports stir up deep passion within spectators and players alike in countries around the world. The growth and development of the Indian sport industry is creating opportunities for management professionals in a wide variety of settings. Boosted by initiatives such as professional leagues of developed sports, commercialization of underdeveloped sports, professionalization of heritage sports and increased corporate sector investments, sports industry expects a faster growth in shorter time frame. The establishment of a sports industry in India can reap rich dividends in different segments. Employment and the massive market opportunities which will open up within this industry wil...
1 comment
Read more

relaxing after match

Wrestling match is a match of very small duration but it makes the player physically tired and exhausted. It is very important to relax after match so that the player can get prepared mentally and physically for the next challenge. Relax is very important as proper rest is needed for many reasons, they are as follows: 1.        Complete rest to the muscles. 2.        To reduce the flow of blood. 3.        To prevent cramps or strain in muscles. 4.        To regain the energy lost while wrestling. The players can follow few steps to get the player relaxed after a match by following steps: 1.        Breathing – Taking slow, deep breath in 4:4 second count, in and out. 2.      Stretching – stretch for about 15 to 25 minutes. Few good stretches are Hamstring stretch, Quadriceps stretch, Oblique stretch, ...
Post a Comment
Read more