European game generated 38 billion euros in 2023-24 season, study shows
Europe's soccer market grew by 8% in terms of revenue in the 2023-24 season to 38 billion euros ($43.46 billion) with England's Premier League generating the most, Deloitte said in a study published on Wednesday.
In its Annual Review of Football Finance, Deloitte said the top five leagues -- Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 -- generated 20.4 billion euros in revenue, an increase of 4%.
Premier League clubs had the highest revenue of Europe's top leagues at 6.3 billion pounds ($8.50 billion).
However, the traditional 'big six' clubs in England's top flight reported lower average revenue growth (3%) than other clubs that were in the Premier League in both the 2023-24 and 2022-23 seasons (11%).
The study said the growth was largely driven by expansion of clubs' commercial offerings, which also led to the teams cumulatively generating more than two billion pounds in commercial revenue for the first time.
"A focus on stadia development and diversification of commercial revenues led to growth across the European football market in the 2023-24 season," Tim Bridge, lead partner in Deloitte's Sports Business Group, said.
"However, clubs and leagues cannot afford to take their eye off the ball as new challenges, including an evolving regulatory landscape and changing fan behaviours, arise.
"The pressure is mounting for more clubs to drive additional revenue at the same time as managing rising costs.
"More so than ever, leaders and owners must recognise the great responsibility they have of managing these businesses, capturing the historic essence of a football club while honouring its unrivalled role as a community asset for generations to come."
Clubs in Europe's 'big five' leagues reported an aggregate operating profit (0.6 billion euros) for a second successive season, while the aggregate wages/revenue ratio fell from 66% to 64%.
WSL REVENUE SOARS
Clubs in England's Women's Super League (WSL) jointly generated revenue of 65 million pounds in the 2023-24 season, a 34% rise.
Each WSL club had a double-digit increase in revenue, while all 12 clubs reported over one million pounds in revenue for the first time, with an average revenue of 5.4 million pounds.
"Through developing more robust fan engagement strategies, strong commercial deals and securing central distributions, WSL clubs unlocked a new phase of growth," Deloitte Sports Business group's knowledge and insights lead Jennifer Haskel said.
"Plus, as the reporting and attribution of commercial revenue remains inconsistent between clubs, we may be scratching the surface on the value now being generated by the women's game." REUTERS
Join ST's Telegram channel and get the latest breaking news delivered to you.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
an hour ago
- Straits Times
New Zealand PM Luxon to meet President Xi in China, then head to Europe
New Zealand's Prime Minister Christopher Luxon attends the 19th East Asia Summit (EAS) at the National Convention Centre, in Vientiane, Laos, October 11, 2024. REUTERS/Athit Perawongmetha/File Photo New Zealand PM Luxon to meet President Xi in China, then head to Europe WELLINGTON - New Zealand's Prime Minister Christopher Luxon will visit China and Europe next week, meeting with President Xi Jinping and Premier Li Qiang and leaders of the European Union, the government said in a statement on Friday. 'China is New Zealand's largest trading partner and a vital part of our economic story,' Luxon said. 'The challenging global outlook makes it vital that we are sharing perspectives and engaging China on issues that matter to New Zealand.' This is Luxon's first visit to China since he became prime minister in late 2023. His predecessor, Prime Minister Chris Hipkins, visited in June 2023. The visit to China will focus on growing trade, which was worth over NZ$38 billion ($23 billion) last year, as well as look to strengthen education and tourism links and to maximize opportunities for New Zealand businesses, the government said. Luxon will then head to Europe to undertake bilateral visits to Brussels and The Hague where he will meet with leaders, including from the EU, to discuss trade, security, and the shifting geopolitical landscape, the statement said. He will also participate in the NATO summit in the Netherlands and hold one-on-one talks with several NATO leaders. 'Prosperity is only possible with security, and our discussions will focus on connections between the Euro-Atlantic and Indo-Pacific security environments,' Luxon said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
2 hours ago
- Business Times
Global EV sales rise in May as China hits 2025 peak: Rho Motion
GLOBAL sales of electric and plug-in hybrid vehicles rose 24 per cent in May compared with the same period a year ago, as strength in China offset slower growth in North America, according to market research firm Rho Motion. Electric vehicle sales in China surpassed over one million units in a single month for the first time this year, driven by strong domestic demand and targeted export efforts from Chinese manufacturers, notably BYD, tapping into emerging markets. BYD's exports to Mexico and South-east Asia, along with Uzbekistan, have significantly boosted sales in these regions, Rho Motion data manager Charles Lester said. Fleet incentives in Germany and robust growth in Southern Europe helped lift the European market, while the expiry of Canadian subsidies dragged on North American demand, he added. US tariff Global automakers face a 25 per cent import tariff in the United States, the world's second-largest car market, causing many of them to withdraw their outlooks for 2025. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In Europe, new incentives for fleet buyers in Germany are expected to support electric car sales through the second half of the year. Tesla's Model Y production in Berlin shields it from tariffs, yet it faces market share pressures as production ramps up globally amidst shifting trade tensions. President Donald Trump's stance towards emissions standards and uncertainties around tariffs has also hampered EV growth in North America. In the US, tax credits for EVs are still available but will begin phasing out from 2026, contributing to hesitation among buyers. By the numbers Global sales of battery-electric vehicles and plug-in hybrids rose to 1.6 million units in May, Rho Motion data showed. Sales in China grew more than 24 per cent from the same month last year to 1.02 million vehicles. Europe posted a 36.2 per cent increase to 0.33 million units, while North American sales edged up just 7.5 per cent to 0.16 million. Sales in the rest of the world rose 38 per cent to 0.15 million vehicles. REUTERS
Straits Times
2 hours ago
- Straits Times
Temasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek has joined AI Infrastructure Partnership. among the world's largest efforts to invest in data centres and energy facilities needed to power AI applications. PHOTO: ST FILE SINGAPORE - Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence (AI) infrastructure, according to BlackRock's investor day presentation slides on June 12. The Singapore state investment company has joined AI Infrastructure Partnership (AIP), a group that also includes BlackRock's Global Infrastructure Partners, the slides showed. AIP, formed in September with a goal to initially invest more than US$30 billion (S$38 billion) in AI-related projects, is one of the world's largest efforts to invest in data centres and energy facilities needed to power AI applications such as ChatGPT. It aims to mobilise up to US$100 billion including debt financing for such investments, which will focus on the United States. Temasek's participation comes after the Kuwait Investment Authority joined AIP earlier in June. The sovereign wealth fund of Kuwait was the first non-founder financial anchor investor to join the consortium, which also counts partners including Nvidia and billionaire Elon Musk's xAI. 'Temasek's investment in the AI Infrastructure Partnership reflects our focus on the big shifts and trends of the future,' Ravi Lambah, Temasek's head of strategic initiatives, said in an email to Reuters. 'AI is potentially the most transformative and impactful technology for all sectors and businesses,' he added. Temasek did not disclose financial details of the investment. The global investment company had a net portfolio value of $389 billion as of March 31, 2024, according to its website. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
