Sports
LaLiga grows 20.6% and posts revenue of €4.479 billion
- With a solid, positive and growing set of results across the board, LaLiga has achieved the best figures in the competition’s history.
BY: Justice Godfry
According to the latest Financial Report of Spanish professional football, corresponding to the latest complete season (2017/18), LaLiga’s clubs posted revenue of €4.479 billion, representing growth of 20.6% over the previous season.
This is the largest positive annual change in recent years and particularly notable given that it occurred following several financial years in which it has been consistently posting double-digit growth rates and in which, furthermore, we are at the midway point of the three-year audiovisual cycle for the national market (and, by extension without coinciding with sudden increases in level or discontinuities).
LaLiga’s gross operating profit (EBITDA) was €945m (+20.7%), operating profit (EBIT) was €325m (+11.4%), and the net profit for the year was €189m (+6.7%). In short, LaLiga produced a solid, positive and growing set of results across the board, achieving the best figures in the competition’s history.
The 2017/18 season was surprising due to two new drivers of LaLiga’s growth breaking onto the scene: commercial revenue and revenue from transfers, which have seized the central role held by broadcasting revenues as drivers of annual growth.
In the case of commercial revenue (without including turnover from advertising), the annual increase was 34.1%, amounting to turnover of €838m, which is indicative of the fact that Spanish clubs are becoming an increasingly attractive medium for sponsors.
Meanwhile, in the case of revenue from player transfers (i.e. sale price), the annual increase of 104.3% permitted turnover from this item to double in a single year, with an exceptional entry of €1.018bn, which is symptomatic of the significant capacity for creating sporting value held by the Spanish clubs and SADs.
That said, the audiovisual turnover received by the clubs managed to surpass the €1.5bn mark for the first time and will recover its central role starting in the 2019/20 season as a result of the new audiovisual cycle negotiated for the national market and the international agreements which have been signed.
It is very important to underline that these results have been achieved at the same time as an increase in operating expenses (OPEX) and at a time of high investment intensity (CAPEX).
OPEX (€3.169bn) increased by 18.7% in 2017/18, propelled especially by increases in sports staff expenses, which represent an investment in talent and a potential source of income for LaLiga in the medium term, through both rotation – transfer – as such, as well as the increase in sporting potential and the general appeal of the competition.
Meanwhile, gross CAPEX on infrastructure and players (€1.341bn) followed the same trend with annual growth of 11.8%.
Without doubt, these are highly appreciable levels of expenses and investment, providing the best guarantee of maintaining the quality of LaLiga out on the field of play and its appeal in the medium to long term.
LaLiga achieved all of these figures while simultaneously maintaining a downward trend in the degree of leverage. The ratio of financial debt to EBITDA of the competition was 0.9x, the lowest level on record.
It is equally important to underscore that LaLiga 1|2|3 is contributing more and more not only to the revenue of LaLiga as a whole, but also to the earnings (all the indicators are in positive territory and show upward trends) and to creation of cash flow and value for the business.
Likewise, the two special groupings that we use for internal financial analysis in the Association, Netted LaLiga and Netted LaLiga Santander, which exclude the two largest clubs, are converging more and more rapidly towards LaLiga and LaLiga Santander as a whole respectively. In relative terms, some indexes or ratios are even better. This is indicative of a business that is increasingly more fairly distributed and more sustainable in the long term.
The above has led LaLiga to obtain an overall operating profitability index (ROIC) of 12.3% (15.1% adjusted) in the 2017/18 season, six decimal points higher than the previous season and, in any case, substantially better than those of other leading competitions.
Finally, LaLiga earmarks around 2.0% of its turnover for corporate social responsibility projects, an amount which is significantly greater than the majority of companies and industries of a similar nature. This allows for the development of the pioneering initiatives mentioned in the report which give us hope and stimulate us, and of which we feel proud.
Furthermore, LaLiga’s clubs create a professional football industry which produces an impact on national GDP equivalent to 1.37% and which directly or indirectly employs around 185,000 people (0.98% of average employed population in Spain over the past year). To this we must also add the over €4 billion which it contributes to the state coffers in the form of taxes.
John C. Nwosu, governorship candidate of the African Democratic Congress (ADC), has hailed the Super Falcons for lifting the Confederation of African Football (CAF) Women’s African Cup of Nations (WACON) held in Morocco for the 10th time, after a dramatic outing in Rabat, capital of the North African nation.
The Nigerian female team came from behind after a 2:0 lead they were handed down by the Atlas Lionesses at half time to turn the tide in a dramatic fashion, marked by energy, resilience, determination and skill, slotting in three goals in less than 30 minutes.
A totally enthralled Nwosu declared that feat clearly showed how with determination and focus, the most difficult tasks could be achieved and toughest challenges could be surmounted, adding that the feat embodied a lot of life’s lessons.
“What we saw today is the can-do spirit of that Nigerians are known for. It is a spirit that has broken many barriers and achieved great things. I particularly noticed the teamwork and synergy among the girls and their determination not to give up. It shows the reward of unity of purpose.
“As I watched our girls lift this beautiful trophy up, my spirit was also lifted. I am sure I am not alone. This spectacular achievement today shows how much we can achieve in Nigeria when we de-emphasise those things that divide the nation and emphasise the things that unite us.
“This is the focus of the ADC. We take it as a task to unite Nigeria by promoting unity, equity, justice and fair play in all facets of the society, knowing that together, working individually and collectively, we wake the sleeping giant.
“It is particularly so as we make deliberate moves to recreate a new Anambra where the government and the people will form an environment of common vision and move in the same direction, achieve a common goal. That vision has gained a strong fillip by this wonderful feat in Morocco.”
Well done girls. Once again, you have put smiles on millions of Nigerians, both home and abroad. May this joy continue to resonate everywhere in the life of our dear nation, now and in future.
Governor of Enugu State, Dr. Peter Mbah, has congratulated the Super Falcons of Nigeria on their 10th Women African Cup of Nations, WAFCON, title, saying that they demonstrated the resilience of the Nigerian spirit.
The Super Falcons, who fell behind by two goals in the first half, staged a memorable comeback in Rabat in the second half, beating their Moroccan counterparts before their huge crowd of home fans to lift the WAFCON 2025 trophy courtesy of goals delivered by Esther Okoronkwo, Folashade Ijamilusi, and Jennifer Echegini.
Mbah, who took to his verified social media handle, @PNMbah, to celebrate the impressive Nigerian side wrote, “Congratulations, Super Falcons, on your well-deserved WAFCON 2025 triumph.
“Coming from two goals down to beat the Moroccans to the trophy underscores the resilience and invincibility of the Nigerian spirit and what we can achieve as a people by working together in oneness of mind.
“We are super proud of you.
“Again, congratulations, girls, and keep flying higher.”
Sports
Mbah Receives EPL Trophy, Seeks Guinness’ Partnership to Grow Sports in Enugu
…Why we choose Enugu- Guinness, reports SANDRA ANI
The Governor of Enugu State, Dr. Peter Mbah, has expressed his eagerness to partner with Guinness Nigeria PLC to accelerate his administration’s sports development effort, describing the state as the home of sporting legends, who have ruled the world of sports as well as home of abundant talents for the future.
Mbah spoke when a team of Guinness Nigeria’s management showcased the English Premier League, EPL, trophy, to him at Government House, Enugu, on Friday.
It is recalled that Guinness Nigeria and the Premier League partnered to bring the iconic silverware for display in Enugu on Friday, May 16 and in Lagos on Saturday May 17 and Sunday, 18 to give EPL’s teeming fans in Nigeria the rare opportunity to experience the trophy.
Speaking during the presentation of the trophy at the Lion Building, Enugu State Government House, Mbah noted that beside putting in place legislative frameworks for sports development, his administration was also embarking on a massive reconstruction of the Nnamdi Azikiwe Stadium and Awgu Games Village preparatory to hosting the 2026 edition of the National Sports Festival.
“Like Guinness, we regard sports as a positive force in Enugu. We are not surprised that the Guinness flagship event is being held here in Enugu. Just like Guinness, we also see sports as a platform to foster social cohesion. We are not just paying lip service to sports; we actually have our skin in the game.
“We believe that the EPL is quite a spectacle with audiences across the world and you couldn’t have chosen a better city for the flagship event than Enugu.
“Again, since here is the home of Rangers and since we have also recognised that this is where it all happens, let us begin to think about more collaboration with Guinness to see how we can secure endorsement with the Guinness corporate brand. This should be on the table because Rangers also won the 2023/2024 Nigerian Premier League title.
“We are just about giving the Nnamdi Azikiwe Stadium and Awgu Games Village a new lease of life, making sure they meet FIFA and World Athletics standards ahead of the National Sports Festival. So, we look forward to more strategic collaboration with Guinness. We are quite a business-friendly state,” he stated.
Earlier, the leader of the delegation and the Corporate Relations Director at Guinness Nigeria PLC, Rotimi Odusola, described Enugu State as the spiritual home of sports in Nigeria, noting the exploits of Rangers.
He said it was only natural to choose Enugu for the display of the EPL silverware, given its history and the great job Governor Mbah had done in repositioning the state.
“Some may wonder why Enugu. There is a reason for us to choose Enugu as the first place in Nigeria since this trophy arrived yesterday. It is because we know that Enugu State is the spiritual home of football in Nigeria. As a young football lover, I can’t forget all of the stories around Enugu Rangers football team.
“I want to also appreciate you for the work you are doing. The last time I was in Enugu was in 2022 and I have seen remarkable improvements in Enugu State since my last visit.
“This presentation of the EPL trophy is an opportunity for us to reinforce Guinness Nigeria being a business that has been intricate in the fabric of Nigeria for 75 years. We also want to use this opportunity to create magical moments for our consumers and members of the public through the collaboration between Guinness globally and the English Premier League,” he added.
The event was witnessed by the Commissioner for Youth and Sports Development, Enugu State, Barr. Lloyd Ekweremadu; Commissioner for Culture and Tourism, Dame Ugochi Madueke; Director, Marketing and Innovations, Guinness Nigeria, Yinka Bakare; Director, Corporate Relations, Guinness Nigeria, Rotimi Odusola; Head of Marketing, Guinness Nigeria, Ramanathan Sollayepan; Head of Division, South-East Region, Guinness Nigeria, Adesoji Opeyemi; General Manager, Rangers International Football Club of Enugu, Barr. Amobi Ezeaku; and the Chairman, Enugu State Football Association, Barr. Tony Ugwu, among others.
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