Market Trends of Europe Sports Team And Clubs Industry
Rising Football And Soccer Industry In Europe
During the last season, the European football market had a revenue of USD 30.88 billion, with the leading five European leagues generating a revenue of USD 18 billion. Investors and commercial partners are continuously shaping the structure of European clubs with acquisition and partnership. England, over the period, emerged as the largest revenue generator in the Big Five soccer League of Europe, with English Premier League clubs generating more revenue than all Bundesliga and La Liga clubs combined.
Manchester City, Real Madrid, Liverpool, and Manchester United over the period had emerged as leading clubs in Europe with the largest revenue globally, resulting in a large investment and sponsorship coming for European football & soccer teams and clubs.
Rising Sports Sponsorship
European Countries are observing a continuous rise in the sponsorships market, existing at USD 30.41 billion currently; this sports sector received USD 21.56 billion in sponsorship. These sponsorships are driving European sports teams and club markets to organize more events with increasing spectator participation. Key sports existing in the sports sponsorship industry are Soccer, Basketball, Baseball, Ice Hockey, and others, with Soccer existing as the most lucrative market.
Last year, CIBC (Canada Imperial Bank of Commerce), as a corporate sponsor, announced a multi-year sponsorship agreement with Canada Soccer and the Canadian Premier League; these deals are strengthening the Financial and revenue generation segment of European sports teams and clubs.
