This article will analyse how football has become so profitable in European countries, so keep reading through if that interests you.
If you really want to see evidence of the wealth in a football league, then the top place to look is at the wages of the players. Professional footballers are among the highest paid sportspeople, and the highest paid footballers mainly play in Europe, which is the hub of the sports industry in soccer terms. Just about the most well-known footballers in the world today, who recently signed for the perfect club in the Italian division, is proof of how much money is in the division. Money in the division originates from transactions such as the one struck by the Telecom Italia board with the division to have naming rights over it, the cash from said deal will then drip because of the clubs challenging in the league and that will then pay for the wages of the players.
The football league that generates the most revenue through its TV deals plays in England and Wales. The division is viewed around the world and, as a result, there is an unbelievable range of funds to be made from T.V. businesses paying for the rights to air the games. In the UK, there are a minimal range of matches televised, as they wish to encourage individuals to watch the matches live, however in places such as the USA you can observe nearly every game. The Comcast boards have managed to secure the rights to play various premier division matches in the US, which then allows for a significant range of sports marketing opportunities for both the T.V. firm and also 3rd party businesses looking to advertise during the match. These instances of marketing and advertising and TV rights grant the teams in the English top league an incredible range of money. The money clubs receive might be used to invest in the squads, stadiums, training facilities or simply to line the owner’s pocket, nevertheless enthusiasts would hope that the latter is not the case. The exciting enhancements in sports technology, have helped to generate further revenue for major leagues like the English league but likewise the more obscure ones from around the world through apps and the like.
The future of club football is slightly uncertain in the foreseeable future, with various regulating bodies attempting to generate an international club division. Even so, what is undeniable is that the large range of money being produced will certainly not stop anytime soon. The Gazprom board, the business that sponsors the Champions League, will hope that the brand-new league doesn't surface, as they sponsor a tournament that plays the greatest soccer in the world. The supposed league would produce more money for the leading clubs that would be invited to the tournament, so they may drive for it to be created, but their supporters will most likely oppose this as it alters what has been a century long tradition of domestic team football.