The Professional Football League in Spain is close to accounting for 1% of the Gross Domestic Product (GDP). Until last year, football represented 0.75% of Spanish GDP, but new television contracts and forecasts of contribution to the economy suggest that this percentage rises to 1%.
The one that is considered the best league in the world is the Spanish, and the great players and coaches want to work here. Soccer moves a lot of money in our country; around 7.6 billion euros, which are divided into three legs, fundamentally:
Direct expenditure of amateurs and companies
which is 3,600 million euros per year, according to the stage23. This heading includes, in addition to the 1.9 billion euros entered by clubs with tickets and subscriptions, the expense of fans in products and services associated with football and the team, such as the sale of shirts and merchandising, consumption in catering or advertising of brands. . . in stadiums, players’ shirts, etc.
Businesses that benefit from football
But that’s not all. Derived from football, a series of revenues are generated, called indirect ones, which also benefit the Spanish economy. Cultural and sports activities, telecommunications and construction and real estate, are the sectors that benefit most. Therefore, there are many companies that depend on football directly or indirectly for their development and growth.
Soccer also general employment. In Spain, the king sport creates 140,000 jobs, according to the study cited above and entitled “Socio-economic impact of professional football in Spain”, prepared by the consulting firm KPMG, which also represents a growth of the Spanish economy, with 140,000 Social Security taxpayers, and other taxes, in addition to active people, with the possibility of consuming.
It is true that football is a business primarily for players
managers, representatives and coaches. All of them enter exorbitant amounts of money, but also televisions profit from football. The audiovisual revenues of the Professional Football League amount to 1,200 million euros. In general, everything that surrounds football, in the end it benefits from this and the environment it creates. Living in a city where an important team plays is money for business in that city. According to the study “Development of an impact model of professional football in the Spanish economy”, just being in the BBVA League (First Division), means an impact of between 20 and 30 million euros for each city in Spain.France, for example, which hosts the Eurocup this year, is estimated to enter between 100 and 400 million euros in each venue,
Therefore, regardless of the passion with which you follow your childhood team or even if you do not especially like the attention of the king sport, it cannot be ignored that football represents a fundamental part of the Spanish economy, generating employment, moving a lot of money, and without forgetting that many companies and businesses depend on it.