Registration open - SportAccord World Sport & Business Summit
18 Dec 2023 17:37
August 30: Guangzhou Evergrande Taobao Football Club have released their financial report for the first half of 2017, which revealed an RMB662m (US$100.6m) deficit.
According to the report, the club generated RMB 284 million (US$43.2m) in total for the first half of 2017, which is RMB 148 million less year-on-year, attributed to the decrease in players' transfer income. Revenue from their core business reached RMB 228 million (US$34.7m) while the non-operating revenues were RMB 56 million (US$8.5m). In total, the club has seen a deficit of RMB 662 million (US$100.6m), which is RMB 350 million (US$53.2m) more than last year. The main reason for this deficit is due to the high costs of hiring the head coach and players.
The club's main business model is to increase its brand value by competing successfully in their domestic league the CSL, winning the Asian Champions League and playing in FIFA Club World Cup and building its PR image. It's revenue is then generated around the brand by selling match tickets and club merchandise and through advertising and licensing.
Source: www.p5w.net
Proofread by Raymond Fitzpatrick
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Chinese Super League club seals new sponsorship
19 Jan 2016
CITIC to sell 50% share of Beijing Guoan FC?
30 Dec 2015
Plans for the Nanjing International Football town released
17 Jan 2020
Weekly Report: CCTV5 made a new high in weekly ratings since the start of the 2016
21 Jun 2016
CSL releases new sponsorship plan
21 Dec 2017
More from Yutang Sports
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
SportAccord Welcomes Return of Principal Media Partner Yutang Sports
01 Feb 2024
Interview Part I with Martin Gibbs, Managing Director of SportAccord: the Power of Sport Is Real
21 Mar 2024
SPORTACCORD 2024 INSIGHTS: Touchdowns, Home Runs and Slam Dunks
12 Jun 2024
Yutang Sports
loading...