Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Becks Bucks Roll in at AEG
AFP, April 20th, 2007 2:54PM

MOST READ


David Beckham has already helped the Los Angeles Galaxy recoup nearly three times the value of his annual salary-and he won't even kick a ball in MLS until July. "We were never worried about our financial commitment," said Tim Leiweke, chief executive of Galaxy owner Anschutz Entertainment Group. "We've already made our money back."
 
And then some. AEG says Becks has allowed the club to sell an additional 7,000 season tickets this season, worth about $5 million. After increasing the price of premium seats by 48 percent, AEG expects revenue to double to around $10 million. Add to that the five-year, $20 million sponsorship agreement the Galaxy struck with Herbalife-also attributable to the presence of Beckham, according to the nutritional products company-and you get a grand total of $14 million in 2007 revenue thanks to David Beckham, $9 million more than his annual salary. And that figure doesn't take same-day ticket or merchandise sales into consideration.   
 
Given that return, we can understand why AEG is ready to make another big investment in a designated player. No wonder Zinedine Zidane is once again being linked with MLS; AEG certainly has the means to bring him over-in fact Leiweke was recently quoted by Italy's Gazzetta dello Sport as saying, "[Zidane] knows our door will always be open. His contract won't be a problem." The ball is now in Zizou's court.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Reports: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives