By Aris Barkas/ firstname.lastname@example.org
The general assembly of Euroleague started with the announcement of the renewal of Turkish Airlines sponsorship until 2020 and ended with the detailed discussion of the league’s economic future and progress.
As the league announced there was a “revenue growth last season that is due to increase by more than 8% in 2013-14 with the aforementioned new agreements, resulting in economic distributions to member clubs that will increase by an estimated 11.6%”. The revenues distributed last season to the 24 Euroleague teams was, according to league sources, approximately 19,5 million euros, so that means this season a total of almost 22 million euros will be shared between the 24 clubs.
Of course, big clubs have the lion’s share and that has to do with the television rights contract in every country. The teams keep 75% of the TV rights revenues and a 25% portion goes to the league. Practically, revenues of top teams are estimated between 1,2 to 1,5 million euros, so the maximum 11,6% raise can be calculated around 150.000 euros.
Euroleague managed to get better television rights deals this year – there is the example of the deal with Fox international, in which Euroleague allegedly got a 200% raise on the price of the TV rights in Italy – and that’s the main source of the increased revenues.