La Liga’s revenues have inched past pre-pandemic levels after recent seasons of financial struggles.
Spain’s top soccer clubs are expected to post a combined profit at the end of this season, according to Bloomberg.
Net income for teams in La Liga Santander and La Liga SmartBank reached $30 million for the 2022-23 season following a loss of $154 million last season for Spain’s top two competitions.
Total revenue for La Liga this season is expected to reach $5.39 billion, just surpassing its $5.37 billion total from 2018-19 — the last season before COVID-19 forced fan capacity restrictions inside stadiums.
As capacity restrictions eased last season, total revenue for La Liga surged 23% to $5.33 billion in 2021-22. La Liga ranks second among all European soccer competitions in total revenue, behind the reported $9.2 billion from the English Premier League and EFL Championship.
The pandemic’s impact spurred La Liga to sell an 8.2% equity stake to British private equity firm CVC Capital Partners in 2021. The firm paid $2.3 billion in exchange for the ownership stake, and La Liga clubs used CVC’s funds to invest in players and improve facilities.