Sports Team & Clubs Market Currently Valued at Approximately $127 Billion as Further Growth Expected

FN Media Group News Commentary

PALM BEACH, Fla., Feb. 6, 2024 /PRNewswire/ — Experts say that the global Sports Team and Clubs Market will continue to grow substantially through 2029. A recent report from Mordor Intelligence said that The Sports Team and Clubs Market is valued at about USD 127.75 Billion in the current year and is expected to register a CAGR of 6.85% during the forecast period. (2024-2029).  The report said: “In 2022, North America accounted for the largest share of the sports market. The fastest-growing region is expected to be Africa. The market is poised to benefit from robust economic growth projected for a number of developed and developing economies. The major players are Marhuan, Life Time Fitness, Inc., Liberty Media Corporation, Futbol Club Barcelona, and Dallas Cowboys.  In the current year, the total revenue of the top 20 revenue-generating clubs was a 13% increase reported by Money League clubs in the previous year and only marginally lower than reported before the COVID-19 pandemic. The rise in revenue was largely due to the return of fans, with matchday revenues rising from last year to the current year after two seasons affected by the pandemic.”  Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Madison Square Garden Sports Corp. (NYSE: MSGS), Sphere Entertainment Co. (NYSE: SPHR), DraftKings Inc. (NASDAQ: DKNG).

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