Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
After the 2016 Super League season ended, the China Football Association Super League Co. LTD (CSL) received a second check for a very large amount: 600 million yuan. As of now, the sponsor, Ti’ao Dongli, has paid CSL royalties totalling 10 billion. The annual income of the CSL reached 15 billion yuan, setting a new record.
In 2015, Ti’ao Dongli were awarded the rights to the Super League for the following five years. According to the contract, from the 2016 season to the 2020 season, over these five years, Ti'ao Dongli will pay 10 billion, 1 billion, 1.5 billion, 2 billion, and 2.5 billion Yuan respectively.
In the contract between CSL and Ti’ao Dongli, it stipulates that the royalties should be paid off in two instalments per season. The first is before the league commences, while the second is near the end of the league. Before the 2016 season, Ti’ao Dongli paid 400 million yuan to the CSL.
In addition to the 10 billion paid by Ti’ao Dongli, the sponsorship revenue received by the CSL also reached a new high. For the 2016 season, it could reach 500 million yuan, while the annual revenue could reach 1.5 billion. The Chinese Football Association will take 10% of the revenue. After the relevant costs and taxes are deducted, the 16 CSL clubs will each receive 60 million or so.
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Double Salary And 120 Million Transfer Fee! Van Persie wanted by China Fortune F.C.
29 Sep 2016
Qbao to sponsor Guangdong Union Cup
17 Dec 2015
Chinese Super League and English Premier League to collaborate
07 Nov 2018
Winfried Schäfer: to release the potential of Chinese players
19 Apr 2016
Manchester City owner eyes on CSL club acquisition
25 Sep 2015
More from Yutang Sports
IWGA to confirm the World Games host
11 Apr 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
Wiz-Team provides smart event management system for SportAccord 2024
14 Mar 2024
SportAccord's interview with Sarah Gregorius: proactive actions are necessary to tackle online abuse
28 Apr 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Yutang Sports
loading...