Galatasaray Leads European Champion Clubs In Revenue Growth
By Jay Stuart | January 15, 2019
Turkish club Galatasaray SK showed the highest operating revenue year-on-year increase among Europe’s top football champions, according to a new report by KPMG’s Football Benchmark team.
The Istanbul side grew revenue by 19% in 2017-18, thanks mainly to an improved domestic TV deal and better on-pitch performance, resulting in doubling attendance and a 63% growth in matchday revenues.
KPMG’s report compares business performance indicators of the champions of Europe’s eight most prominent leagues: Barcelona (Spain), Bayern München (Germany), Porto (Portugal), Juventus (Italy), Manchester City (England), Paris Saint-Germain (France) and PSV Eindhoven (Holland), as well as Galatasaray.
The report shows that six of the eight recorded increased operating revenues (the exceptions being Juventus and PSV).
Commercial growth represents the source of revenue with the highest impact on total turnover for six of the eight champions. Bayern München was the most successful at growing their commercial revenue, reaching €316m (£281.1m).
The report also reveals that clubs that represent a league with limited international appeal and a smaller local TV market rely more on the prize money of major UEFA tournaments, especially the Champions League.
Andrea Sartori, KPMG’s Global Head of Sports, and leader of KPMG’s Football Benchmark team, said: “Our analysis highlights the prominence that commercial expansion is gaining: while match day income is affected by stadium capacity and broadcasting income by multi-year deals, proper management decisions and solid international commercial expansion strategies, supported by adequate sporting performance, can help grow markets around the globe.”
For the full report, click here.