The world of sports is a booming industry. From the NFL to MLB, NBA, and NHL, there are many types of professional athletes who have made their money on the field. However, outside these athletes, there are other people who make millions of dollars without ever stepping foot on a field necessarily. Players of these sports are some highest-paid athletes in the world.
Sports like golf, tennis, American football, basketball and soccer have made many athletes rich beyond imagination. Players of these sports are some highest-paid athletes in the world.
But which sport has generated the most revenue? Which one makes more money than any other? What are the ones who gross the most on sports?
The answer may surprise you!
The sport industry with the greatest revenue
It might not be hard to guess which sport has the biggest amount of money involved. It is, obviously, soccer. With its billions in transfers and player salaries, soccer blows every other sport out of the water.
Some soccer players are able to afford the newest iPhone or the superfast sport car in the matter of minutes or hours of their existence, because they are paid from club, endorsements, ads in which they appear and merch they sell connected to them. Many players open their own brand of clothing, cosmetics, shoes etc.
Other sport which is generating a very large amount of money is tennis. Players like Novak Djokovic, Roger Federer and Maria Sharapova earn staggering amounts in endorsements, while prize money at the four major tournaments – Wimbledon, the French Open, the U.S. Open and Australian Open – totalled around $100 million last year.
The most valuable team
Soccer is the sport in which there are the most money involved. However, the most valuable team is not a soccer team. It is a team in NFL, Dallas Cowboys, that is worth $4.2 billions. It outnumbers Real Madrid, the most valuable soccer team, by $0.6 billions.
The wealthiest player
Yet again we turn our eyes on soccer and on famous Cristiano Ronaldo whose wealth of $88 millions make him the wealthiest player in all the sports. If you win a jackpot in all the slots online LV BET, you might still have less money than Ronaldo. Just after Cristiano, the wealthiest athlete is LeBron James, basketball player for the Cleveland Cavaliers. What is funny about those two athletes is this that Cristiano gross more for his playing for Real Madrid while LeBron has most of his income from advertisements and endorsements.
The wealthiest company connected with sport
Not only clubs and players earn money on sports industry. The biggest company that have their astonishing income from sports is Nike. They have nine contracts going on with top stars of many sports disciplines, and their business is worth $27.5 billions. They would be able to buy Dallas Cowboys, Real Madrid and FC Barcelona to own them.
We cannot forget about Pepsi, whose Super Bowl Show in the match break is viewed by more people than the game itself. Pepsi generate $19.4 billions in revenue and fund many sport events around the world, especially for young people.
The most expensive sport arena
The MetLife Stadium, home of NFL’s New York Giants and New York Jets, is worth $1.6 billions, and it has a capacity of 80,000. It is one of the biggest stadiums around the globe. Just before it, we can think about Wembley Stadium in London, which cost £789 million to build, and it is worth £1.2 billion today. Its capacity is slightly higher than on MetLife Stadium. It can seat 90,000 soccer fans.
Creative Artist Agency
They require their own category. They are the powerhouse of sports industry being able to have a control over organizations, teams and players. Likewise, they can be named as super brands like Nike and Pepsi. Their earnings on providing service for athletes is hard to estimate since they have 3.3 billion individual contracts.
How to get into sports business?
It might seem like all you need to have is talent in some kind of sport discipline, but in fact you must have far more than that. Business connections, good contacts in the industry, marketing and public relations skills are very important not to mention a large dose of what you can call luck. Even if you do not have influential connections, you might be lucky to meet someone who will introduce you to this industry.
Conclusion
Sports industry is one of the most valuable branches of entertainment. People are usually willing to spend a large amount of money on their favourite athletes in sport booking. In this article we have discussed the most lucrative sports, the biggest stars and companies that generate billions from them. Some of them were obvious if you know bits and pieces about sport industry, but some were not so.
