Annual revenue for CSL reaches $230m

The annual revenue for the Chinese Super League (CSL) in 2015 has amounted to 1.5 billion yuan (US$230 m), according to a shareholders' meeting of CSL company last Friday.

The main part of the revenue comes from the broadcasting rights, which accounts for one billion yuan (US$155m) this year. Ti'ao Dongli, a Beijing-based company specializing in sports events broadcast, announced the purchase of broadcasting rights last May for the CSL for 8 billion yuan (US$1.3 bn) over five years covering 2016-2020. The television rights of CSL for the 2015 season fetched only 50 million yuan (US$7.8 m).

Ti'ao Dongli needs to pay the CSL company 155 million dollars annually in the first two seasons, then double the payment to 310 million dollars yearly in the remaining three seasons.

The title sponsor of CSL will pay 170 million yuan (US$26.3 m) to the league. The CSL can collect about a total of 250 million yuan (US$38.7 m) from its seven partner sponsors, which vary their payments from 20 to 80 million yuan (US$3.1 to 12.5 m). Besides, the two official providers of CSL will offer 50 million yuan (US$7.74 m) each in 2015.

Ten percent of the annual revenue will be turned over to the Chinese Football Association (CFA) and the remainder will be carved up among the 16 clubs at the top flight. The exact allocative plan will be worked out prior to the end of the season.

Source: Xinhua