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The business of football and why it is the most lucrative sport - Sports Mole
The business of football and why it is the most lucrative sport
Major league sports are a massive business. Through many avenues, billions upon billions of dollars are generated every year from what is simply a game. From the players to the leagues to the fans, everyone has their part in this massive money-making industry. Football in particular is a game that has been around for generations and is cherished in many countries worldwide. Let's take a look into what are the driving factors behind football's success and how major league football organisations make money for this gigantic industry.
Football is the Most Popular Sport in the World
To no-one's surprise, football is the biggest major league sport in history. Almost every country in the world competes in football on some level, and there are over four billion people that say they follow football to some degree. Without debate, football eclipses all other sports in the world. In Europe especially, football is just a way of life and embedded deep within the culture.
Football is far-reaching because in its most basic form, it is a very cheap game to play. Needing really only a ball to play and compete is a major factor in the global appeal. Women are just as competitive in football as well, making it a sport that is equally as cherished by women as men, effectively doubling the fan base.
When you compare football to the next biggest sports, like basketball for instance, the number of viewers and annual revenue is worlds apart. With so many participants in the international economy of football, billions of dollars are generated every year.
How Does Football Make Money?
From the ground up, literally from the pitch and stadium it's played in, everything in football is monetised in some way to generate revenue. When players like Ronaldo are making tens of millions of euros every year, you know there is a serious incentive to keep these players on the field and performing highly-entertaining sports. At the end of the day, this is precisely what sports are, entertainment. Let's look at some of the biggest factors to the economy of football.
Stadium Naming Rights
Traditionally, stadiums in countries like England were named after the cities the stadiums were founded in. After generations of football's viewer base increasing dramatically, big companies have found that it is great exposure to gain naming rights to these iconic stadiums. In 2004, the team Arsenal signed an exclusive deal with the airline Emirates for naming rights on their stadium, paying
The business of football and why it is the most lucrative sport
Major league sports are a massive business. Through many avenues, billions upon billions of dollars are generated every year from what is simply a game. From the players to the leagues to the fans, everyone has their part in this massive money-making industry. Football in particular is a game that has been around for generations and is cherished in many countries worldwide. Let's take a look into what are the driving factors behind football's success and how major league football organisations make money for this gigantic industry.
Football is the Most Popular Sport in the World
To no-one's surprise, football is the biggest major league sport in history. Almost every country in the world competes in football on some level, and there are over four billion people that say they follow football to some degree. Without debate, football eclipses all other sports in the world. In Europe especially, football is just a way of life and embedded deep within the culture.
Football is far-reaching because in its most basic form, it is a very cheap game to play. Needing really only a ball to play and compete is a major factor in the global appeal. Women are just as competitive in football as well, making it a sport that is equally as cherished by women as men, effectively doubling the fan base.
When you compare football to the next biggest sports, like basketball for instance, the number of viewers and annual revenue is worlds apart. With so many participants in the international economy of football, billions of dollars are generated every year.
How Does Football Make Money?
From the ground up, literally from the pitch and stadium it's played in, everything in football is monetised in some way to generate revenue. When players like Ronaldo are making tens of millions of euros every year, you know there is a serious incentive to keep these players on the field and performing highly-entertaining sports. At the end of the day, this is precisely what sports are, entertainment. Let's look at some of the biggest factors to the economy of football.
Stadium Naming Rights
Traditionally, stadiums in countries like England were named after the cities the stadiums were founded in. After generations of football's viewer base increasing dramatically, big companies have found that it is great exposure to gain naming rights to these iconic stadiums. In 2004, the team Arsenal signed an exclusive deal with the airline Emirates for naming rights on their stadium, paying