Professional Sports Teams & Organizations Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/11/2013
SIC Codes: 7941
NAICS Codes: 711211
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Professional Sports Teams & Organizations Industry Profile

Organizations in this industry include professional and semiprofessional sports teams and clubs. Major organizations include Arsenal (UK), the Calgary Flames (Canada), Manchester United (UK), the New York Yankees (US), and Real Madrid (Spain).

Globally, professional sports generates about $120 billion in revenue. Football (known as soccer in the US) is the dominant sport around the world; other popular sports include rugby, cricket, and baseball. Given the intense global interest in sports, the industry could grow at a compound annual rate of 3.7 percent through 2015 (from 2011), according to PricewaterhouseCoopers.

The US professional sports teams industry includes about 1,500 organizations with combined annual revenue of more than $20 billion. Moderate growth is expected for the next two years. Key demand drivers include consumer income and audience enthusiasm.

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. The professional sports teams industry does not include individual sports such as golf, tennis, and boxing.

COMPETITIVE LANDSCAPE

Demand is driven by consumer income and corporate entertainment spending. The profitability of individual teams depends on achieving high fan attendance and a large TV audience, both of which are enhanced by effective marketing and competitive play. Teams in large metropolitan areas have advantages in the population base and TV audience they can draw on, though ...

 
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