Sports has served as a pleasant and warm distraction in times of great uncertainty. From world wars to economic downturns, both sports fans and casual watchers of sports around the world have looked to athletes and their teams for the injection of hope. Unfortunately, the world finds itself faced with the coronavirus crisis which has put a pause on most people’s plans. This presents a turning point for the global economy. In the sporting world, where many major leagues have been shut down, this has implications. The events affect not only the net worth of athletes and their team owners but also the communities which depend on them, economically and emotionally. Continue reading
With the new MLB season on its way, a lot of talk is spreading on how rookies will perform against the old hats of the league as teams fight for glory on the diamond. Rookies will get their chances to not only set their mark on the field but also show why they are being paid so much. No doubt, some rookies will find themselves with higher pay checks by the end of the season while others may find themselves on the dreaded invisible list to free agency. Continue reading
For as little as $1, you can own a soccer ball, a small price compared to the whooping high salaries that soccer teams pay their players to play the beautiful game. Since the early 2000s, salaries in the world’s most popular soccer leagues have increased by unprecedented amounts, as record prices continue to be set annually for household names and even new faces to the big leagues. We wonder, who are the highest-earning soccer players?
Fondly known as the running machine, Virat Kohli, is worth more than many people would imagine. The cricket star has served not only as a great athlete but also a superb role model which has helped him in raising his net worth. Whether it’s his physique and play, or the statements he’s making on and off the field, his consistency and displays of class have given him the edge over many other athletes. Continue reading
If you ask NHL team owners what they look for in a General Manager, they’re likely to say they look for strong leadership qualities, superb communication skills, and of course unbreakable commitment to win. These qualities are harder to come by than most people expect. For this reason, General Managers of ice hockey teams make sizeable amounts in take-home pay. Continue reading
A study has found that being a fan of a professional sports team can cost you almost $ 86,453 over a lifetime. Fans of sports like football, motor racing or soccer can expect to pay over $1,294 a year for entry and entrance prices, transport and retail expenses. For some, the expense is even greater with more than a fifth reporting that they spend an average of about $267 a year. Continue reading
Few names in soccer are as popular as that of David Beckham. Despite being retired for so many years, the former Manchester United player has managed to remain relevant in the sporting world, building a brand that transcends the soccer stadium. Around the world, the mention of David Beckham raises ears. Thus, it is no surprise that his net worth of $450 million continues to grow. Continue reading
The sporting world has created an immense amount of value not only for fans but also for athletes. The revenues generated in the industry are a result of a value chain which involves rights management, events, content, and properties. The four pillars of the sports value chain contributes significantly to the amount of money athletes make from the industry. Continue reading