LaLiga posts record revenue for 2017/2018 season
The Spanish football league, Laliga on Thursday in Lagos announced a record 4.479 billion euros revenue for the 2017/2018 season, which represents a 20.6 per cent increase in its earnings. The number is also the best in the competition’s history.
According to Laliga, the result is its largest positive annual change in recent years and it is “particularly notable given that it occurred following several financial years in which it has been consistently posting double-digit growth rates and in which , furthermore we are the midway point of the three-year audiovisual cycle for the national market.”
The audiovisual rights will come up for renewal in the 2019/2020 season.
The current figure of audio-visual turnover surpassed the 1.5 billion euro mark for the first time in this set of financial results.
Commercial revenue has been up 34.1 per cent with an 838 million euro turnover, while revenue from player transfers is up 104.3 billion euros to 1.02 billion euros.
They are the two main contributors to the league’s strong annual growth, with higher sums forecast next year.
La Liga’s professional structure means it produces an impact on Spain’s national Gross Domestic Product (GDP) equivalent to almost 1.4 per cent.
It employs 185, 000 people directly and indirectly, with a tax contribution of more than four billion euros per year.
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