Friday, October 17, 2008
soccer to the rescue!
If one sport can survive the global financial crisis it's the world's favorite game-soccer. FIFA, which relies on the World Cup for 90 percent of its revenue, is expecting to get $3.2 billion from television and marketing of the 2010 tournament in South Africa. UEFA earned a net of $400 million from this year's European Championship, and the Champions League will pull in $1.115 billion. most of these outragious sums came from tv ratings because with our struggling economy effecting other sports, like football, viewing soccer will be a cheap form of entertainment which may lead to families attending more soccer games than than football games. in football, right now, they are raising the prices on everything so i family of four has to ask themselves what do they want to do this weekend, "lets go to a football game or make a car payment?" with soccer, at least with me, tickets are always reasonably priced including food and drink inside the park because officials know that there is always tv and marketing revenue not to mention the memorabilia being sold. the only down side is the finances within the club like sponsoring. Manchester United, valued at $1.8 billion by Forbes Magazine has big debts. when mann united's shirt sponsor AIG recieved that heftybailout last month there was specualtion that AIG would pull out of its 4 year $100 million deal but this might be a win-win situation the mann united. said Philipp Grothe "Man United would get a hefty signoff fee to release (AIG) and the day after they could close a deal which is even bigger."
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