Professional Sports Teams & Organizations
Description
Brief Excerpt from Industry Overview Chapter:
Organizations in this industry include professional and semiprofessional sports teams and clubs. Major organizations include the Dallas Cowboys, Detroit Red Wings, Los Angeles Lakers, New England Patriots, and New York Yankees (all based in the US); as well as FC Barcelona and Real Madrid (Spain); FC Bayern Munich (Germany); and Manchester United (UK).The global spectator sports market is expected to register a compound annual growth rate (CAGR) of over 5% during the 2025 to 2030 forecast period, according to Mordor Intelligence. Meanwhile, revenue in the sports industry is expected to reach nearly $4 billion by 2025, according to Statista. Football (known as soccer in the US) is the dominant sport around the world; other popular sports include rugby, cricket, and baseball.
The US professional sports industry includes about 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $35 billion.
Professional sports teams generally operate as part of a league or professional sports association that sets rules, regulates franchise ownership, and negotiates league-wide broadcasting and marketing relationships.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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