Close Brothers Seydler Research AG - BVB Aktie - Borussia Dortmund

Borussia Dortmund GmbH & CO KGaA
(an increase of 18.26%) was in merchandising, although it accounted for the lowest
share of total revenue with 4.5% at EUR 93.8 m (CAGR 7.9% from 2007/08). Other
income reached EUR 237.7m in 2011/12 (CAGR 11.8% from 2007/08). Its share in
the total revenue has varied between 9.6% and 11.4% over the last four years.
Transfer revenue reached a peak in the 2011/12 season at just under EUR 210m,
while two years earlier it was only just over half that amount. There are often
fluctuations in transfer revenues because the number of transfers and the transfer
fee can vary greatly from year to year.
Development of gross revenue streams in the Erste Bundesliga
2000.0
1500.0
1000.0
500.0
0.0
2007/08 2008/09 2009/10 2010/11 2011/12
Other 152.3 164.2 193.4 213.7 237.7
Merchandising 69.2 69.9 73.9 79.3 93.8
Transfer 129.0 140.3 106.4 195.5 209.8
TV Marketing 475.8 488.5 505.4 519.6 546.2
Advertising 402.6 488.8 511.9 522.7 553.2
Match operations 338.1 363.4 379.3 411.2 440.8
Source: Bundesliga Report 2013, CBS Research AG
International/ Europe
A number of factors dictate a club’s ability to generate revenue. For clubs from the
European top divisions, the split of central revenues (broadcast, sponsorship),
participation in UEFA competitions, stadium ownership, and ability to connect with
the fan base are key factors. This section provides an overview about the
development of revenue and the diversification into revenue stream as well a more
detailed analysis of broadcasting revenues, ticket revenues/ attendance
development and employee expenses. Starting this section with the description of
Europe’s largest and most successful Football leagues, (‘big five’ including the
Bundesliga).
Football internationally
Financial figures in this section (league revenues, absolute amount of
different revenue streams and attendance) may differ to other sections due to
notwithstanding time periods, which have been taken as the basis. Figures in
this section are based on the calendar year (January to December) while
figures in other sections refer to the playing season as a year (June to May).
Primera División
In April 1927, José María Acha, first proposed the idea of a national league in
Spain. Today Primera División is, for sponsorship reasons, officially named Liga
BBVA and represents the top professional association football division of the
Spanish football league system. It is contested by 20 teams, with the three lowest
placed teams relegated to the Segunda División and replaced by the top three
teams in that division. Since the 1950s, Real Madrid and Barcelona have
dominated the championship. Real Madrid has won the title 32 times and
Barcelona 21 times. The Primera División is currently first in the UEFA rankings of
European leagues (Country coefficients 2012/13 based on their performances in
European competitions over a five-year period), ahead of the English Premier
League in second and Germany's Bundesliga in third.
Spain
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