EGP hovers vs USD in early Wednesday trade    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Hyatt, Egypt's ADD Developments sign MoU for hotel expansion    Serbian PM calls trade deal a 'new page' in Egypt ties    Reforms make Egypt 'land of opportunity,' business leader tells Serbia    TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Israel intensifies strikes on Tehran as Iran vows retaliation, global leaders call for de-escalation    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    LTRA, Rehla Rides forge public–private partnership for smart transport    China's fixed asset investment surges in Jan–May    Egypt secures €21m EU grant for low-carbon transition    Sisi launches new support initiative for families of war, terrorism victims    Egypt, Cyprus discuss regional escalation, urge return to Iran-US talks    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt slams Israeli strike on Iran, warns of regional chaos    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Champions League final to break economic records
Published in Ahram Online on 28 - 05 - 2011

The UEFA Champions League final in London this weekend is set to break all economic records, but organisers may have to look outside Europe for future market opportunities and growth, according to a report
Saturday's final between Manchester United and Barcelona at Wembley is set to be the most lucrative in European club football history, boosted by the clubs' strong brands, the latest annual MasterCard survey said.
It could be worth 369 million euros to the clubs and countries involved, a rise of five percent on last year.
But the rate is a slowdown on previous finals, indicating the European market may have become saturated, and that UEFA will have to look to new markets such as the emerging economies, south and central America and BRIC countries for future growth.
The presence of a British team in the MasterCard-sponsored final was likely to have contributed to the dip.
"Europe is a mature market, and I think medium-to-long term, maybe UEFA has to look towards other markets across the world for continuing and sustained growth," the author of the report, Professor Simon Chadwick, told reporters.
Manchester United, which last week won the English Premier League, play Spanish champions Barcelona in a re-run of their 2009 final in Rome, won by the Catalan club.
Up to 220 million television viewers are expected to watch the world's most high-profile clubs battle it out, each hoping to lift the cup for the fourth time.
The winning team can expect to earn a windfall of 126 million euros, up five percent on last year, but down on the nine percent rise the year before. The losing finalist could hope to pick up 73 million euros, a rise of 4.3 percent on last year, but lower than the 7.7 percent the year before.
The economic downturn was one of the reasons for the slower growth, while more refined data could be another, Chadwick said.
London can expect to generate 52 million euros from hosting the game, a four percent rise on Madrid last year.
It should further bolster the capital's reputation as one of the world's most sporting cities, especially ahead of the 2012 Olympics, but the figure is less impressive than the 11 percent generated by Madrid on its predecessor, Moscow.
"In terms of the British economy ideally it would be two foreign clubs," Chadwick told Reuters.
"That is one of the reasons why the figures have not been quite so ostentatious perhaps as in previous years. They have been a little more cautious because effectively these people are coming down from Manchester rather than people coming from Munich, Lyon or anywhere else."
Switching the final to a Saturday has had positive results, but it has yet to fully bed down with fans, Chadwick said.
David Taylor, chief of UEFA events, told Reuters there was "no reason to believe we will change" back to Wednesdays, when it reviews the situation next year.
When asked if he could ever see a Champions League game being held outside Europe, he said: "The business logic may take you there but the sporting logic does not. So the answer would be 'no.'"
UEFA has been criticised for Wembley tickets costing up to 4,680 pounds, making it the most expensive club game in history.
Taylor repeated UEFA President Michel Platini's comment that maybe it had not been the smartest decision it had ever made, and that it will consider a reduced price category in future.
"Football is a game that we can't price people out of completely," he said, noting however that the game was a sell-out.


Clic here to read the story from its source.