Tag: making money from sport (page 1 of 2)

Facebook spends money on buying global sports licenses (Part 2)

Failure before Star India certainly does not detract from this ambition of Facebook as it continues to spend money to buy copyright of other sports tournaments in the world.

With a cash pile of about US $6 billion, Facebook certainly has more resources than traditional television stations alone and this is no small advantage whenever it wants to compete for copyright in a certain market to entice. viewers, expand your inherently powerful social network empire.

Not only the Premier League, many of the world’s major sports leagues are part of Facebook’s expansion plan.

Facebook started streaming live sports events about the past two years, starting from a charity match between Manchester United and Everton in early August 2016. Since that time, the company has poured money to buy copyrighted tournaments from football to basketball, baseball and other sports.

In 2017, Facebook successfully acquired the rights to 20 matches in the framework of the leading American baseball league Major League Baseball (MLB). Matches are free to all Facebook users within the United States. The value of the deal was not disclosed by the two sides.

By 2018, Facebook continues to have exclusive rights to 25 games of MLB 2018 at a price estimated by experts at $ 30-35 million.

Commenting on the deal, Lee Berke, a media expert in the US, said that “similarly when sports content on traditional television is shifting to cable television, we are seeing a similar trend. .. This is the next big leap.”

Facebook has also cooperated with Fox to get the rights to broadcast the UEFA Champion League (C1 Cup) in the United States. The carrier also negotiated itself with UEFA to have the rights to broadcast 32 matches of this tournament in Latin American countries for 3 consecutive seasons from 2018 to 2021.

The social networking giant also participated in a 10-match copyright auction of the 2017 American National Football League, but it lost to Amazon when the online retail giant launched it. $ 10 million, five times the price that Twitter, another major social network, bought in 2016.

Obviously, £200 million for the Premier League copyright in 3 years is just a move in the game Facebook’s desire.

How do professional SKIING athletes make money?

Do you know who is a professional athlete? Unless you live in Denver or something, I guess not. At first, you might think that a professional athlete is profitable like a pro (anyway, absolutely NOT attractive), but it can’t go beyond the truth for many good people. So how do professional skiers make money?

Teaching

Just like in any sport, there are many people who want to learn how to ski and will actually pay for instruction. This may not seem like a lot of money, but on those luxurious ski holidays, there are quite a few beginners who all want to learn at the same time. By guiding an entire group, professional skiers scratch the ground pretty much.

In addition, there are some amateur skiers who want to become professional. Although there is only a little difference between an amateur and a professional, there are many things that amateurs must learn before they can really be a professional. These face-to-face sessions are often very appealing to professionals because the focused attention is provided to students.

Competing

If professional athletes are among the heads of their events for the country, a lot of money can be made. Not only have money in winning an event, but think about the Olympics! If you are one of the best in your event, you can win a medal. Do you realize that one of those gold medals is worth it? Over 25,000 dollars. Now that’s a nice change of pace to ski into the snow.

Advertising

For professionals who are good enough to participate in the Olympics, they may have the opportunity to advertise for national brands such as Tommy Hilfiger or Nike. With these assertions, there is usually a sizable sum of money included for their efforts during photo shoots or commercials. This shot may only take a few hours, but the pay is definitely worth it, especially if you’re one of the famous athletes competing.

Working on mountain slopes

Again, back to bowling analogy – even the pros sometimes need to get a job. Professional bowlers often have jobs in local alleys and golfers can have a job at a driving range. With professional skiing, they get a job at the slopes.

They can guide some skiing for a few dollars, or they just track skiing to make sure everything is safe. Sometimes, you get involved in something that you just need to be around it all the time. This is what happens with skiing.

How do professional golfers make money? (Part 1)

Tiger Woods and Phil Mickelson are the best professional golfers in the world.

Golf is a sport with many representatives on the list of the most money athletes in the world. We are so used to the image of golf stars earning and owning hundreds of millions of dollars of assets appearing in the newspapers.

Of course, the multi-million dollar awards, lucrative advertising contracts are not for all professional golfers. Only the top athletes attract such a difference in income between advertising contracts and tournament prize money.

So how do the professional golfer in the world make money from this sport?

Behind the million dollar fortune

At the end of 2017, Forbes magazine published a list of the 25 athletes who make the most money in sports history in the world. In particular, golf is the sport contributing the most number of athletes, 5 people.

In particular, there are up to 4 golfers on the shortlist of the 10 athletes who make the most money of all time. All are familiar names for golf fans.

First, Tiger Woods ranked second (after basketball star Michael Jordan, 1.85 billion) with an estimated amount of 1.7 billion USD.

The third place belonged to the late legend Arnold Palmer with US $ 1.4 billion. Jack Nicklaus, owner of 18 Major titles, is ranked fourth with 1.2 billion USD.

American Golfer, Phil Mickelson is in 6th place with 815 million USD. The last Golfer in the Top 25 list belongs to Australia’s ‘White Shark’ Greg Norman with 705 million dollars and 13th place.

Looking back on the history of golf development over the past 50 years, fans will easily see that the total prize money of professional golf tournament systems in the world has recorded a steady growth.

The most typical is the world’s No. 1 professional league system (PGA Tour). In 1970, the total prize value of 55 tournaments under the PGA Tour system at that time was $ 5.5 million.

This increased to $ 46.3 million for 44 tournaments in 1990, and then to $ 342 million for 47 tournaments in 2017.

Latest, the total prize money of 46 events in the 2018-2019 season is currently $ 389.3 million.

How do E-sports organizations make money? (Part 1)

Many viewers know of the huge numbers of total E-sports prizes or record-breaking streaming views on Twitch. However, not everyone understands the “secret” E-sports organizations use to make money.

Sponsorship deal

Similar to football, the sponsor’s image for E-sports organizations appears on jerseys, streaming channels, at every major event and photo shoots. Of the nearly $ 1.1 billion in E-sports revenue expected in 2019, $ 456 million comes from sponsors, accounting for approximately 41.4%.

Major brands have jumped on E-sports “pie” recently. They sponsor, appearing in every corner, from fast food, competition gear to player costumes. Some brands decide to sponsor a major tournament too, such as a 4-year Nike deal signed with League of Legends. Others want to be associated with the player image, like Red Bull has just partnered with Ninja.

Ninja, the famous Fortnite streamer has just become the image representative for Red Bull.

In general, E-sports is the story of a small screen but is watched by young people on many different media. Young people who love games are a group of customers that are difficult to reach for major brands but are willing to spend money on E-sports. So for big brands, the goal is always to brand the famous players for as long as possible. As for E-sports, they are responsible for bringing the brand image to appear on the media as much as possible.

One of the organizations that do a very good job is Team SoloMid (TSM). Built from an LoL website, TSM has now strived to become one of the world’s largest E-sports organizations. They are also currently one of the few E-sports organizations that have positive cash flow, meaning that their annual profits go to the organizer.

The key to TSM’s success is “content” – content, intellectual property – they create. Mr. Devin “Mylixia” Nash, CEO of Counter Logic Gaming at the recent stream also commented on TSM’s way of making money.

How huge is the revenue of E-sports?

Today, the world’s leading E-sports organizations call for tens of millions of dollars of successful capital to be normal. According to Forbes, some organizations are now worth more than 200 million USD. They receive huge investments from the outside, expected to earn even bigger amounts in the future.

However, what they do with the money to make profits and how much profit will fall into the range is still “secret”, very complicated and difficult to understand.

If you thought E-sports was making money from prizes from tournaments, you’re wrong.

So how are E-sports organizations investing tens of millions of dollars to make money? The answer is they don’t earn any money now, if you look at the annual income. E-sports organizations are currently operating based on investors’ future expectations. They try to expand the field of attendance, appearing everywhere in the world to spread their presence in the E-sports market.

The Cloud 9 organization is a prime example. They own 96 players, coaches, E-sports managers playing in 12 different subjects. That is why their October 2018 round of funding raised so quickly, bringing it up to $ 50 million.

Investors rated E-sports as “effectively” or “healthy” start-ups, meaning that the large sums of money they poured in would be definitely more profitable in the future. That makes them willing to sacrifice some initial profits to help organizations like Cloud 9 grow, moving forward in the long run.

But strangely, even without making a profit, the current E-sports organizations still have many other ways to make money.

According to Newzoo, the world’s leading E-sports financial analysis company, E-sports revenue has been growing strongly in recent times. 2019 marked the first milestone of $ 1 billion in history (up 26.7% compared to 2018), expected in 2020 it will rise to nearly $ 2 billion. According to Newzoo, the revenue of E-sports will reach 1,096 billion USD.

This huge number comes from “brand investment”, including media, advertising and sponsorship copyrights. The money will eventually go to the tournament, mostly. For example, the annual Overwatch League grossed $ 45 million because it premiered on the Twitch platform. But the E-sports organization will make a big profit.

How do football superstars make money from their images? (Part 2)

In 2016 alone, Messi‘s income from advertising amounts to £ 23 million, approximately one year of football pay.

For example, Ronaldo, it is said that no part of his body can not make money at all. With talent, names and ideal appearance, Ronaldo not only makes money with the ball but also with all parts of his body. Ronaldo’s advertising contracts are “diverse”, from shampoos, sportswear, mobile phones, manufacturers of sports equipment. Of course, it is accompanied by huge remuneration.

Bloomberg has released a unique graphic image, showing the large sponsors throughout Ronaldo’s body. In particular, the most notable is the Nike sportswear brand – the main and long-time sponsor of CR7. Nike’s above $ 1 billion package deal is for Ronaldo to accept the representative and use their products whenever they appear in public.

With such popularity and influence, famous sports companies in the world such as Nike, Puma and Adidas even have to compete fiercely to get superstars to represent their brands and so but the price of money increases.

Some superstars are talented and have a bit of writing talent, they can also make a lot of money from writing books – biographies of their life, especially with the big names who have announced their retirement. For players like Messi or Cristiano Ronaldo it is entirely possible. Throughout their careers, they have achieved many remarkable achievements to record, telling their supporters. For example, David Beckham’s “My Side” has been the 10th best selling narrative in the world since 2001 according to the Guardian.

Income from social networks

In the days of social networking, the stars in general and famous football players in particular also found another way to make money through personal social networking sites.

According to Hookit, last year Ronaldo became the first sports player to have 200 million followers on social networks Facebook, Instagram and Twitter. Particularly Facebook network, Ronaldo has 120 million followers, much higher than Messi’s 88 million.

How do football superstars make money from their images? (Part 1)

Obviously, any professional footballer, even a superstar, will receive a fixed salary at the club they join. The difference is probably the amount of money each player receives.

Like any bank, agency, organization, the ball club has been looking for ways to pay an attractive salary to attract the best players. When Wayne Rooney signed for Manchester United in 2014, he was paid £ 300,000 a week. This is equal to 50 pounds per second and 30 pounds per minute.

As for the contract at Barca, the world’s top football star Messi receives a salary of £ 500,000 a week after tax. This salary is said to be the highest in the La Liga, surpassing Cristiano Ronaldo. With such a salary, Messi receives £ 2 million a month and earns more than £25 million a year.

Advertising, brand representation

High salaries have been a major source of wealth for tens, hundreds of millions of dollars for football superstars to receive advertising, image representation for sports brands. Simply nodding to agree to kick on football shoes branded by a certain company, they have made a mountain of money.

For example, the price of millions of dollars per year that Nike agrees to pay Neymar just for him to use this brand shoes. In fact, this figure is still nothing compared to the $ 11 million that Adidas agreed to pay David Beckham when he was still playing football.

More recently, Adidas moved on to signing a lifetime product sponsorship contract with Messi. The exact number Messi receives is not known, but one thing is for sure, it will be no less than the $ 1 billion that Ronaldo signed with Nike. (Of course, this terrible amount of money Ronaldo or Messi cannot receive right away, but is divided year by year or month later).

In addition to 1, 2 such lucrative contracts, stars like Messi also have a series of contracts that are the faces of some famous brands such as Pepsi, Gillette, Turkish Airlines, etc.

Juventus made a lot of money after buying Ronaldo

Many of Juventus’ trade indicators increased sharply within a year after recruiting Cristiano Ronaldo.

According to the financial report published in Gazzetta, in the 2018-2019 season, Juventus increased sales by about $ 64 million compared to the same period last year. This is the highest rise of the Serie A champion in decades.

The presence of Ronaldo also helps Juventus increase the number of fans on social networks. In total, the number of global fans increased to about 40 million.

Thanks to the strong growth, according to the Daily Mail, Juventus is closing the revenue gap compared to Barca, Real Madrid and Man Utd.

The impact of growth is most evident in contract extension negotiations with major sponsors, such as shirt sponsors. The company agreed to a deal that would allow Juventus to earn three times more, as the team’s shirt became attractive to fans.

What is happening shows that buying famous stars at high prices does not push the team into financial problems. On the contrary, as many experts have said, the star has “just paid for himself, just helped the team to earn more money”.

Meanwhile, due to selling Ronaldo, Real no longer has the commercial appeal as before. They also had to spend nearly $ 400 million to strengthen the squad over the past year.

Mendes: ‘The best part of Ronaldo is still ahead’

Representative Jorge Mendes praised Cristiano Ronaldo after the client hit 700 goals.

“Ronaldo is the best player ever. For him the best part has not yet come and it will take place in the Juventus shirt,” Mendes commented in Tuttosport.

Ronaldo scored the 700th goal in his career, when Portugal lost to Ukraine 1-2 in the Euro 2022 qualifier on October 14. This is his 95th table for the team, besides 605 at club level. Apart from Ronaldo, only five other players have scored from 700 goals, including Josef Bican, Romario, Pele, Gerd Muller and Ferenc Puskas.

Messi OCCUPIES the throne ‘king of making money’ in football (Part 1)

Nowadays, some football players can make hundreds of thousands of dollars a week just by “kicking and playing” a soccer ball on the grass makes many people think that becoming a player is an easy way make money. However, one thing people need to understand is that the amount of money that professional players make varies greatly, depending on how important they are to the team and their popularity.

So with the famous football stars, who earns the largest money?

Argentine superstar receives a total of 145 million dollars a year, according to the publication of France Football magazine.

Lionel Messi – $ 145 million

France Football’s calculation is based on total income from salaries, bonuses, image copyrights, and advertising contracts. Lionel Messi holds the number one spot, having slightly increased earnings compared to the previous year. This is the result of the owner of the Golden Ball year when signed with Barca in November 2017.

Cristiano Ronaldo – $ 126 million.

The move to Juventus helped the Portuguese superstar have a mutation of income compared to last year, but still a big gap compared to Messi.

Neymar – $ 102 million

He has always been treated like the king since arriving at PSG, but his frenetic form in France has made Neymar two of his seniors more and more away in the income war. Even so, with $ 102 million in pocket money a year, the Brazilian star’s earnings are still double the next.

Antoine Griezmann – $ 49 million

Appearing in fourth place is the big surprise the French star brings. Griezmann benefited greatly from the 2018 World Cup, and the amount of money he owned contributed a lot to the total income.

Diego Simeone – $ 46 million.

Like his student Griezmann, the Argentinian coach made a big surprise in his ability to make money. Simeone became the highest-earning coach for the first time, surpassing many blunt faces like Mourinho and Guardiola.

Koepka pocketed two million dollars without playing

Ending the Wyndham Championship event on August 4, the world’s number one golfer received an additional $ 2 million in prize money from the PGA Tour even though he did not take the tournament.

This is the bonus for the number one FedEx Cup score that Koepka held after the end of the main season of the PGA Tour (not including three FedEx Cup playoffs). Since this season, the top 10 best golfers of the season will share a $ 10 million bonus fund.

Rory McIlroy in second place earned $ 1.5 million, while Matt Kuchar came in third with 1.2 million. The next shared names were Xander Schauffele, Gary Woodland, Patrick Cantlay, Dustin Johnson, Paul Casey, Webb Simpson and Jon Rahm.

Koepka received additional bonuses equal to what he earned with the PGA Championship this season.

The most interesting case belongs to Webb Simpson. Thanks to the second goal at the Wyndham Championship, with many golfers not playing, the 33-year-old has climbed from No. 13 to ninth FedEx Cup score. This achievement helped him pocket an additional $ 550,000 from the PGA Tour. Along with a 670,000 prize for runner-up Wyndham Championship, Simpson received a total of $ 1.22 million – more than James Poston’s championship prize (1.11 million).

“Honestly, the bonus is not my goal,” Simpson said after going home with just one club more than Poston. “I was left far away in the third round, but then came very close to the championship on the day of the curtain. I played very well but not champion. That’s what haunts my mind.”

Wyndham Championship is the second consecutive event Simpson finished second. He was previously behind Koepka at WGC-FedEx St.Jude with a three-stroke gap. In June, North Carolina golfer also ranked T2 in the Canadian Open. This season, Simpson entered the top 3 at four events but could not yet have the sixth PGA Tour title. His closest championship is The Players Championship 2018.