Growth in value of broadcast rights lifts LaLiga turnover to €3bn
The revenues of Spanish soccer’s LaLiga increased by 15.9 per cent in the 2015-16 season and surpassed €3 billion ($3.1 billion) for the first time in a single campaign.
The ‘Professional Football Financial Report’, which was released on Thursday, shows that the top-tier LaLiga and its second division generated a combined turnover of €3.034 billion last season.
The figure represents a 50-per-cent increase compared with revenues five years ago.
The average figure for pre-tax profits for the 42 clubs in the top two divisions reached over €200 million for the first time, up from an aggregate net loss of €135.3 million when the study first began collecting data in the 2011-12 season, after the country's Higher Sports Council introduced new economic controls amid concerns over mounting debts in domestic soccer.
The combined debt of the league’s top two divisions dropped to €2.3 billion, falling for a fifth consecutive year, while debt owed to public authorities has fallen from €643.1 million to €222.7 million.
In the 2015-16 season, earnings before interest, taxes, depreciation and amortisation across all 42 clubs rose by 1.2 per cent to €689.8 million
Across the top two divisions, broadcasting revenues increased by €270 million, up 31 per cent on the 2014-15 campaign, as a result of the league’s decision to return to the collective selling of its media rights in May 2015.
Broadcasting rights revenue is set to rise by over 20 per cent this season, the first year of a new three-year cycle. The figure amounted to €1,131 billion in 2015-16.
In December 2015, LaLiga sealed deals for its two premium live rights packages with Mediapro, the Spanish sports rights agency, and Movistar Plus, the pay-TV service operated by telecoms giant Telefonica. The deals are worth €2.65 billion over the next three years.
LaLiga’s match-day revenues rose by 23 per cent to €144 million in the 2015-16 season, up 23 per cent.
In the latest financial report, Javier Tebas, the league’s president, also highlighted the €1.2-billion contribution that LaLiga’s clubs made in tax payments during the 2015-16 season.
He commented: "The report points to an increase in revenue, improved performance and a reduction of debt, and confirms that the restructuring process in Spanish football has been brought to fruition."
Last month, Tebas said that LaLiga was on target to generate €3.327 billion in the 2016-17 campaign.
This estimation comprises €1.4 billion from media rights, €770 million from ticket sales, €565 million from marketing, €278 million from player transfers, €110 million from advertising and €203 million from 'other income'.
The total revenue figure represents a 59-per-cent increase on the €2.097 billion raised in the 2011-12 season.