Thursday, April 11, 2013

Aggregate revenue at the UK’s main professional and semi-professional football clubs was estimated to have grown by 0.8%

Professional football remains massively popular, attracting significant numbers of people to stadiums throughout the UK every week, alongside the massive spectatorship following live games on television, both in the UK and overseas. For the season ending May 2012, aggregate revenue at the UK’s main professional and semi-professional football clubs was estimated to have grown by 0.8% on the previous year.Despite the relatively mild growth in 2012 — largely a result of the significant increase experienced in the previous year due to a lucrative new broadcasting agreement — football revenue has grown dramatically in recent years. Over the last few decades, the widespread investment in stadium facilities; the increasing number of foreign players and managers; the dramatic rise in broadcast revenue; and wealthy overseas investors have combined to provide British football with year-on-year revenue growth and a widespread international reputation for one the most competitive, successful and entertaining football leagues in the world.
The main source of this income growth has been Premier League broadcasting revenues. Over the five seasons ending 2007 to 2011, turnover from television rights at Premier League clubs almost doubled, increasing by 99%. This trend towards ever increasing broadcasting revenue is unlikely to cease, with the most recently signed agreement — for the seasons ending 2014 to 2016 — rising in value by 71% on the previous arrangement.
To Know More :Football Clubs & Finance

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