Football Is Pretty Much Recession Proof
Champions League will net record $1.55 billion
Associated Press
GENEVA – The world’s most lucrative club soccer competition, the European Champions League, will earn a record $1.55 billion in marketing and television revenues for clubs and organizer UEFA this season.
The recession-defying figure is a rise of 33 per cent from last season, according to figures released by UEFA.
The payouts will be matched for two more seasons after the European governing body signed global television and sponsorship deals – including top-tier partners Ford, Heineken, MasterCard, PlayStation, Sony and UniCredit – through 2012.
Great little article on the financial muscle that is the Champions League. Basic break down of what teams make from being in this competition and why it’s so important for many clubs to make the Champions League. Do yourself a favour and read the break down on how the pool of money is broken down. Another reason why there will not be a break away European league anytime soon as it would be foolish for Manchester United to walk away from the 50 million they earned in Champions League revenue last season.