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Soccer-European game generated 38 billion euros in 2023-24 season, study shows
Soccer-European game generated 38 billion euros in 2023-24 season, study shows

The Star

time11-06-2025

  • Business
  • The Star

Soccer-European game generated 38 billion euros in 2023-24 season, study shows

FILE PHOTO: Soccer Football - Premier League - Liverpool v Crystal Palace - Anfield, Liverpool, Britain - May 25, 2025 Liverpool's Ryan Gravenberch is shown a red card by referee Darren England REUTERS/Phil Noble/File Photo (Reuters) -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." ($1 = 0.7409 pounds) ($1 = 0.8743 euros) (Reporting by Aadi Nair in Bengaluru; Editing by Ken Ferris)

Kiwi Gatland returns to rugby with club role in Uruguay
Kiwi Gatland returns to rugby with club role in Uruguay

Perth Now

time27-05-2025

  • Sport
  • Perth Now

Kiwi Gatland returns to rugby with club role in Uruguay

Former Wales coach Warren Gatland has made an unexpected return to rugby union in Uruguay. (Darren England/AAP PHOTOS) Credit: AAP Warren Gatland has taken up a position as an advisor at Uruguayan team Penarol in his first rugby job since leaving Wales during the Six Nations. In a post on Instagram, Penarol said the 61-year-old New Zealander will support coach Ivo Dugonjic and "turn all his knowledge into the service of the team." Gatland and the Welsh Rugby Union agreed to part ways in February, two games into the Six Nations, and end an unhappy second spell as the national coach after 14 months. He previously led Wales from 2008-19, during which time he also became coach of the British and Irish Lions to cement his standing as one of the world's best. Penarol play in the Super Rugby Americas.

Dermot Gallagher shares new referee verdict after Everton VAR drama - 'I applaud'
Dermot Gallagher shares new referee verdict after Everton VAR drama - 'I applaud'

Yahoo

time12-05-2025

  • Sport
  • Yahoo

Dermot Gallagher shares new referee verdict after Everton VAR drama - 'I applaud'

Former Premier League match official Dermot Gallagher has backed Darren England for sticking with his on-field decision despite a VAR recommendation during Everton's clash with Fulham on Saturday. Late in the game with the Blues 3-1 ahead, the home side claimed for a penalty when Adama Traore's cross struck Vitalii Mykolenko on the arm from close range. No spot-kick was awarded by England, although VAR recommended he review the decision on the pitch-side monitor. The referee decided against changing his decision though, the first time an official has stuck by his initial call in this situation all season. READ MORE: Angus Kinnear start date confirmed as major Everton changes underway READ MORE: Michael Keane opens up on Everton future and chance to play in Goodison Park farewell Everton manager David Moyes reacted jubilantly to the call and Gallagher noted on Monday morning that plenty of others have been pleased to see the referee stand by what he believed to be the correct call. "And many, many other people I think," said the former referee on Sky Sports' Ref Watch. "Mykolenko is in a running motion, he brings his arm down to his body. "It does strike him but he makes no attempt to handle the ball. He makes no attempt to block the cross. It strikes him. I don't know what else he is supposed to do. "I applaud Darren England as well. It's the first one this season where the referee has stuck to his on-field decision. "I actually think [VAR] has looked at it too many times. He's studied it, studied it, studied it. He's convinced himself there's something that isn't there." Gallagher was also asked about Everton's second goal, which was subject to a VAR review for a foul and an offside. Carlos Alcaraz tangled with Fulham goalkeeper Bernd Leno before Michael Keane powered in a header at the back post. "Good goal," he said. "No offside, no foul. The goalkeeper doesn't get fouled, he's pushing forward as much as he's getting pulled.

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