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The 2- Champions League victory by Maccabi Haifa in excess of the mighty Juventus of Turin is well worth a great deal of revenue to the northern Israeli club, owned by Ya’akov Shahar. Just the prize for winning the match, before ticket income and broadcasting rights, is value €2.8 million to it.

UEFA (Union of European Football Associations) has positioned the Champions League as by significantly the most crucial and most glamourous club levels of competition, which usually means that the economic importance for the Israeli club is extraordinary.

Of €2.73 billion that UEFA will distribute to all individuals in European competitions, 74.1% will go to golf equipment that arrive at the Champions League, versus 17% for the Europa League. Maccabi Haifa’s qualification for the Champions League was hence really worth a lot more than €15 million right before it sold even a single ticket.

In addition, each and every earn at the team phase is value, as talked about €2.8 million, when a attract is value €980,000.

This is just the beginning. The broadcasting and marketing rights (from the market place pool) in the level of competition will provide the club at least €4-5 million.

A additional profits resource is ticket gross sales. Maccabi Haifa’s dwelling stadium, the Sammy Ofer Stadium, retains 30,780 spectators. Just about all the seats are earmarked for Maccabi Haifa supporters. Beneath UEFA guidelines, the host club is obliged to allocate 5% of it seats to supporters of the visiting club. The stadium was full to potential, so that the club raked in a couple of million shekels far more. At a tough estimate, ticket profits are worth at least €2 million per Champions League video game.

Besides all this, the Champions League is European football’s primary phase, and could be a springboard for Maccabi Haifa stars to the following levels in their careers, bringing the club additional large sums on offering them. Very last night’s scorer of equally Maccabi Haifa’s ambitions, Omer Atzili, featured in sporting activities information broadcasts and on the main athletics web sites all in excess of the continent.

A further reward from competing in the Champions League is that it will make Maccabi Haifa an appealing club for excellent international gamers who request European glory.

The bottom line so significantly is cash flow of some €26 million. If Maccabi Haifa reaches one particular of the two major sites in the team and proceeds to the competition’s next stage, it will rake in another €10 million, but that will be a difficult challenge, and just one that no Israeli club has surmounted in the previous. The formidable Paris Saint-Germain and Portugese club Benfica stand in Maccabi Haifa’s way. Both of those have currently crushed the Israeli club in this season’s opposition, as did Juventus when the two sides fulfilled in Turin a 7 days in the past.

In the latest yrs, Maccabi Haifa’s once-a-year spending plan has been NIS 70-80 million, so that competing in the Champions League signifies a financial quantum leap.

When Maccabi Tel Aviv played in the team stage of the Champions League in the 2004/5 year, it been given a total of €5.1 billion. Maccabi Haifa can quadruple that.

Posted by Globes, Israel business news – en.globes.co.il – on Oct 12, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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