PRIME’s Post

Here’s my interview with my friend #SportsExtra @tinacervasio on @fox5ny about the business in the sports industry. #SportsBusiness #TinaCervasio

The Role of #Infrastructure in Revenue Growth: European and US Sports Venues Renovating and upgrading sports stadiums has shown a significant impact on revenue streams for sports teams and organizations. This is evident both in the US and Europe, where investments in stadium infrastructure have led to substantial increases in various revenue categories. 🇺🇸 US Sports Venues: 📣 National Football League (NFL): SoFi Stadium and Hollywood Park, Los Angeles • Investment: $5 billion • Impact: Ticket sales for the Los Angeles Rams increased significantly, contributing to an estimated revenue growth of 25% since the stadium opened. Additionally, the stadium’s multi-use design has attracted major events beyond NFL games, enhancing overall profitability. 📣 Major League Baseball (MLB): Globe Life Field, Texas • Investment: $1.2 billion • Impact: The Texas Rangers Baseball Club saw a noticeable uptick in ticket sales and concessions revenue, with a 15% increase in overall matchday revenue. The new stadium’s modern amenities and retractable roof have improved fan experience, driving higher attendance. 📣 National Basketball Association (NBA): #ChaseCenter, San Francisco • Investment: $1.4 billion • Impact: Since its opening, the Golden State Warriors have reported a significant boost in both ticket sales and sponsorship deals. The venue’s state-of-the-art facilities and central location have also made it a prime destination for concerts and other events, further increasing revenue. ⚽ European Venues: 📣 Tottenham Hotspur Football Club Stadium, London • Investment: £1 billion • Impact: The new stadium has driven a 20% increase in ticket sales and a substantial rise in matchday revenue through enhanced concessions and hospitality services. The multipurpose design has also allowed the venue to host NFL games, concerts, and other large-scale events. 📣 Cívitas Metropolitano, Madrid • Investment: €240 million • Impact: Club Atlético de Madrid’s new home has led to a significant increase in ticket sales, with improved facilities attracting more fans. The stadium’s modern amenities have also boosted revenue from hospitality and corporate events. 📣 Allianz Arena München Stadion GmbH, Munich • Renovation Investment: €280 million • Impact: FC Bayern München’s home stadium saw a notable rise in ticket sales and sponsorship revenue post-renovation. The enhancements have also improved fan experience, leading to higher attendance and increased merchandise sales . 🔚 Conclusion: Investing in #StadiumInfrastructure not only enhances the #FanExperience but also drives substantial revenue growth across various categories. Whether in the US or Europe, modernized venues have proven to be valuable assets for sports teams, contributing to higher ticket sales, better sponsorship deals, and increased matchday revenue. #SportsManagement #EventDesign #StadiumRenovation #BehindTheSport #RevenueGrowth #FanExperience #SportsBusiness #InfrastructureInvestment

Key takeaways from AP’s look at the emerging wave of sports construction in the US

The sports team industry is generated primarily through various revenue streams such as ticket sales, merchandise sales, broadcasting rights, sponsorships, and advertising. The industry also benefits from fan engagement through social media, events, and other marketing efforts. Future trends in the sports team industry are likely to include: 1. Technology integration: The adoption of technology such as virtual reality, augmented reality, and artificial intelligence will enhance fan experiences, player performance analysis, and stadium operations. 2. Fan engagement: Sports teams will continue to focus on engaging fans through digital platforms, interactive experiences, and personalized content to build deeper connections and grow their fan base. 3. Sustainability and social responsibility: Sports teams are likely to place a greater emphasis on sustainable practices, environmentally-friendly initiatives, and social impact programs to align with changing consumer values and expectations. 4. Globalization: With the rise of digital media and global connectivity, sports teams are expected to expand their reach beyond their local markets and engage with fans worldwide through international events, partnerships, and media coverage. 5. Esports integration: The integration of esports into traditional sports team operations is another trend to watch, as teams look to capitalize on the growing popularity of competitive gaming and reach a new generation of fans. Overall, the sports team industry is evolving rapidly, and teams that stay ahead of these trends and embrace innovation are likely to thrive in the future.

Dive into the latest happenings in the world of sports with our weekly roundup. Stay informed. Stay ahead. Read it Here 👉 https://lnkd.in/gm-zqPGc #SportsNews #WeeklyRoundup #AboveAndBeyond #SportsUpdate #IndustryInsights #SportsBusiness

Business lessons to be learnt from sports #BusinessConsulting #StrategyAdvisory

"Unlocking Victory: Discover the Winning Strategies Shared by Marketing and Successful Sports Teams! 🏆⚽ #MarketingStrategies #TeamworkMakesTheDreamWork"

As the East ploughs billions into everything from golf tours to football leagues, we examine how brands in the West are grappling with a global sports industry in flux https://lnkd.in/eqq_jRam

Stay ahead of the game with our latest Weekly Roundup of Sports News! Get insights on the most recent developments and key highlights from the world of sports, all in one place. Read it Here 👉 https://lnkd.in/gksSJ9vM #SportsNews #WeeklyRoundup #SportsIndustry #AthleteHighlights #SportsBusiness #GameChangers

Is shooting from outside of the box a dying art in football? According to BBC, the percentage of non-penalty goals scored from outside of the box has been gradually decreasing over the past couple of decades - from 22.3% in The Premier League in 2006 to nearly half that at 12.4% in 2023/24. In the last season, this type of goals made up the lowest share of total goals in any Premier League season. In addition, the average short distance (m) across Europe's top 5 leagues has been decreasing as well - learn more in this article: #premierleague #bbc #footballdata #footballstats #footballanalytics