Corinthians post 41 percent rise in 2012 revenue
Rio de Janeiro: FIFA Club World Cup champions Corinthians reported a 41 percent year-on-year rise in 2012 net revenue at $161 million, according to the club`s latest financial report.
The figure represents a 416 percent increase from 2007, when the Sao Paulo outfit was relegated to Brazil`s second division. More than 43 percent of the club`s 2012 income came via television rights, which climbed from $12 million in 2007 to $77 million last year.
Match-day takings soared more than 400 percent over the five-year period from $4.2 million to $17.5 million. Sponsorships and publicity contracts injected $32 million into Corinthians` coffers in 2012, up from $9.5 million in 2007.
More from India
More from World
More from Sports
More from Entertaiment
- Indrani 'slow-poisoned' Sheena, wanted to portray Mikhail as 'mentally unstable'?
- 'Mann ki Baat': Will implement 13 new pointers to Land Bill from today itself, says PM Modi
- People have no faith left in Modi government: Sonia Gandhi at Swabhiman rally
- Will not allow any political party to join agitation: Hardik Patel
- Swabhiman rally: About Bihar's development or Narendra Modi?
- Satire website publishes article on Osama bin Laden being alive and quotes Edward Snowden
- Indrani's former brother-in-law claims Sheena was Siddharth Das' daughter
- Sheena murder: Suitcase seized from Indrani, Peter's residence meant for disposing Mikhail's body?
- Militants kill two engineers in Pakistan airport attack