Floyd Mayweather in the ring for his super welterweight boxing match against Conor McGregor on August 26, which made him the year's highest paid sportsman in 2017. Christian Petersen/Getty Images
Floyd Mayweather in the ring for his super welterweight boxing match against Conor McGregor on August 26, which made him the year's highest paid sportsman in 2017. Christian Petersen/Getty Images
Floyd Mayweather in the ring for his super welterweight boxing match against Conor McGregor on August 26, which made him the year's highest paid sportsman in 2017. Christian Petersen/Getty Images
Floyd Mayweather in the ring for his super welterweight boxing match against Conor McGregor on August 26, which made him the year's highest paid sportsman in 2017. Christian Petersen/Getty Images

Business of Sport 2017 was a lucrative one all round


  • English
  • Arabic

Never has the correlation between sporting success and wealth been more apparent than in 2017 - and in few sports has it been more apparent than in English top-tier football.

"We fully expect that the Premier League’s new three-year broadcast rights deal will see a return to record levels of profitability in the 2016/17 season,” Dan Jones, partner and head of the Sports Business Group at Deloitte, said in a recent report.

Adam Bull, a senior consultant in the Sports Business Group at Deloitte, added: “We have already seen to some extent the impact of the current broadcast rights deal, with clubs’ combined transfer expenditure over the course of the 2016/17 season reaching almost £1.4 billion (Dh6.86bn) – eclipsing the previous record set in 2015/16 by one-third and far exceeding any other league in world football.”

This year, European football clubs have also embarked upon record breaking spending sprees with Paris Saint Germain splashing out an incredible €222 million (Dh960.1m) to secure the signature of Neymar from Barcelona this summer.

Neymar of PSG. Adam Pretty/Getty Images
Neymar of PSG. Adam Pretty/Getty Images

The French Ligue 1 leaders will pay the Brazilian an annual salary of €36.8m.

However, football is not the only sport reaping rich rewards - and Neymar was not the highest paid athlete on the planet this year; that accolade goes to the boxer Floyd Mayweather whose disclosed purse for fighting Conor McGregor in Las Vegas in August was US$100m.

Mayweather would have earned considerably more once his cut of the pay per view (PPV) revenue came in. Very few of the key metrics from that fight have been publicly disclosed but it is believed to have generated 4 million to 5 million domestic PPV buys and around US$500m in revenue.

An estimated 3 million people also watched that fight on illegal streams without buying the official PPV.

This year the global sports market is expected to generate revenue of around US$91bn, according to Statista, almost double the $46.5bn generated in 2005. Revenue from the sports merchandising market in North America alone, meanwhile, is expected to reach $14.2bn.

The year also saw a distinct shift in the way viewers consume sport with Amazon in April paying $50m for the rights to show Thursday night US National Football League (NFL) games, while Facebook paid Fox an undisclosed sum to stream several UEFA Champions League football matches this auturmn.

This is a trend that looks set to continue in 2018. "Politically, socially and technologically, the world is in the midst of one of the most disruptive periods in living memory - this disruption is affecting where investment in sports is coming from, how sports content is created and distributed, and changing the dynamics of relationships between rights holders, sponsors and fans," says a report by the researcher Nielsen.

Earlier this month Verizon, a wireless carrier that owns AOL and Yahoo, agreed to pay the NFL a figure of around $2.5bn to broadcast matches live on its various platforms. Unlike the previous deal, which was for mobile only, this allows the telecommunications conglomerate to provide the streaming service to tablet and laptop users.

"With global sponsorship spend forecast to reach over $62bn in 2017 and global media rights spend expected to hit $45bn, the top-line metrics remain positive," Nielsen said. "But this is a period of rapid change for sports - from China’s remarkable investments at home and abroad to new technologies such as virtual reality, the explosion in direct-to-consumer content to shifts in audience habits and consumption."

But for sportsmen and women, too, it has been a year of change - and for some such as the tennis player Roger Federer - that has been realised in his bank account.

Roger Federer. Clive Brunskill/Getty Images
Roger Federer. Clive Brunskill/Getty Images

His cumulative career prize money reached the $110m mark last month, surpassing a record previously held by the US golfer Tiger Woods. After missing much of 2016 due to injury the Swiss star reclaimed his status as the highest-earning player in tennis, recouping US$11.7m in prize money in 2017. His prize-money wealth does not include the myriad sponsorships deals he has.

Still, Federer did not have as lucrative a year as Justin Thomas; the American golfer earned $19.9m for his efforts on the PGA tour. But when it comes to remuneration both were left casting enviously glances at the world’s top footballers with both Lionel Messi and Neymar signing lucrative contracts.

Justin Thomas. Kyle Terada-USA TODAY Sports
Justin Thomas. Kyle Terada-USA TODAY Sports

___________

Read more:

Sports broadcasting may see digital and traditional combine

Indonesia and Thailand’s joint World Cup bid looks destined for failure

South East Asian Games a boost for Malaysia's economy

___________

PSG took advantage of a release clause to sign Neymar from Barcelona. The Spanish club could not countenance a similar situation arising with Messi and managed to tie the Argentinian down in the summer to a new deal reportedly worth $667,000 a week. The contract will run until 2021 and any club wishing to buy him out of it will have to come up with an improbable sounding $700m.

In September, the National Basketball Association (NBA) star Russell Westbrook signed a five-year contract extension worth $205m to stay with the Oklahoma City Thunder.

Oklahoma City Thunder guard Russell Westbrook (0). Mark D Smith-USA TODAY Sports
Oklahoma City Thunder guard Russell Westbrook (0). Mark D Smith-USA TODAY Sports

It makes the 2017 Most Valuable Player (MVP) the highest earner in the history of the NBA. ESPN calculated that he would earn $569,512 per game in the final year of the deal.

The women's tennis stalwart Serena Williams has not competed since January due to pregnancy. But she remains the highest paid female athlete on the planet and earned $27m in prize money between June 2016 and June 2017 despite missing nearly half a year’s worth of competitions and tournaments.

Meanwhile, the International Cricket Confederation (ICC) Women’s World Cup final match between India and England held on July 23 at Lord’s in London clocked 19.53 million impressions on television in India. This set a new record, making it the most watched women’s sporting event in the country’s history.

India also played host to the Under 17 Fifa World Cup, a small but significant moment given the country’s potential as a footballing destination. However, it is a land where cricket remains king and the local broadcast of this year’s Indian Premier League final game garnered 39.4 million impressions alone.

In the US it has been a difficult year for the National Football League (NFL). There is increased scrutiny on the physical risk involved in participating in such a high-impact sport while the players have been sucked into an improbable sounding war of words with the US president over whether or not they should stand for the national anthem.

Still, the 2017 Super Bowl in February brought in around $385m in advertising dollars. About 113 million people watched the New England Patriots come from behind to beat the Atlanta Falcons, while consumer spending in the US related to the event reportedly topped $14bn.

Elsewhere, the Chinese government’s announcement in August that it would be limiting overseas investment sent shock waves through the sporting world. In recent years investors from the country have purchased controlling stakes in some of Europe’s biggest football clubs including AC Milan, Inter Milan and Atletico Madrid.

On the plus side, at least for sportswear manufacturers, China will also be hosting the 2022 Winter Olympic Games and "its government is aiming to establish an $13bn sports industry by 2025, in addition to investments to promote fitness across the country," according to World Trademark Review (WTR).

"The goal is to boost domestic consumption in this new economy," said the market analyst.

"This creates opportunities for western sports brands but also the spectre of increased competition for domestic spend. With the sector is a core focus of the Chinese government – in tandem with the ‘Made In China 2025’ initiative – there will likely be a significant focus on domestic brand creation and growth.

"Good news for those looking to expand their Chinese company client base, but clear competition for international companies in the sports sector eyeing Chinese expansion," WTR said.

But while China limits outflows abroad, money from Asia continues to pour into elite overseas leagues. In September, Rakuten agreed a $20m a season sponsorship deal with the American professional basketball team based in Oakland, California, the Golden State Warriors, a figure which pales in comparison to the $59m a year the Japanese e-commerce company will be paying Barcelona in a partnership which commenced in July.

There were no major international football tournaments this year. The 2014 World Cup generated $4.8bn in revenue and 2017 saw a series of allegations surrounding this competition and its organisers emerge in a US courtroom. Some 23 people have already pleaded guilty to financial corruption and the case is ongoing.

This year has also seen serious questions arise over the viability of the 2022 World Cup in Qatar, despite the reported $500m a week that is being spent on infrastructure. Mounting criticism of the decision to award the most lucrative tournament in sport to the country intensified when neighbouring countries and others broke off diplomatic ties in June.

Earlier this year Fifa announced plans to increase the number of participating countries in the World Cup to 48. The absence of teams including Italy and the US, neither of whom qualified for the 2018 World Cup in Russia will be felt keenly. The expansion for the 2026 tournament should ensure that the traditional powerhouses of world football always qualify, as well as propelling the tournament’s total revenue towards the $6bn mark.

The likes of Italy, Chile and the US might all have missed out but the Middle East will be well represented in Russia. Iran and Saudi Arabia have both secured qualification for the 2018 World Cup.

Fifa aims to raise $5.66bn in revenue in the three-year period leading up to next year's event. A total of $400m in prize money will be divided between participating teams but, with several sponsorship slots still unfilled, it will be interesting to see whether the most watched sporting event on earth can retain its commercial appeal amid a pervasive wreak of scandal.

Whatever happens, there is little doubt that sport's importance as a global and personal cash-cow is only likley to increase.

Big deals of 2017:

Verizon broadcast deal with NFL (US$2.5 billion)

With just a few weeks left of 2017, the US National Football League (NFL) announced a five-year deal with the US wireless carrier Verizon that is worth an estimated $2.5bn. It will allow the company to stream matches live on its various online platforms, which include Yahoo, purchased for $4.48bn by Verizon in June.

Verizon intends to monetise the deal with advertising revenue. This is the first time an over the top (OTT) content provider has agreed a deal of this scale for sports content and could herald a switch in live viewing trends away from traditional linear television towards streaming services for online devices.

Sale of Houston Rockets ($2.2bn)

Tilman Fertitta, an American businessman and television personality, paid $2.2bn to purchase the Houston Rockets in a deal that was rubber-stamped by the National Basketball Association (NBA) in October. The seller, the US attorney, businessman and financier Leslie Alexander, had owned the franchise for 24 years, which demonstrates how rarely prestigious sporting teams come on the market in the US.

Houston Rockets guard James Harden: Jaime Valdez-USA TODAY Sports
Houston Rockets guard James Harden: Jaime Valdez-USA TODAY Sports

There is no relegation system in the country, meaning that major sporting teams in the top divisions will remain there in perpetuity. This makes any NFL, (Major League Baseball (MLB) or NBA franchise extremely attractive to potential buyers, a point 2017 has proven emphatically.

Construction of Las Vegas Stadium ($1.9bn)

The Oakland Raiders are relocating to Las Vegas, meaning the NFL franchise will require a new venue. Construction of a 72,000 capacity stadium on the outskirts of the city is currently underway and should be completed by 2020.

The total budget is $1.9bn with an estimated $375 million to be spent on land and infrastructure costs, $1.35bn on construction and $100m on a practice facility with the remaining $100m set aside to cover unexpected costs. There is also the possibility it could be used by a Major League Soccer (MLS) team in the future.

Sale of Miami Marlins ($1.2bn)

A group led by the venture capitalist Bruce Sherman paid $1.2bn for the Miami Marlins. The MLB franchise has endured eight consecutive losing seasons and have not reached the play-offs since 2013, setting an unwanted national league record.

The Miami Marlins also had the third-lowest attendances in the entire MLB in 2017 with the 36,742 capacity Marlin Park averaging 20,395 fans per game. The former New York Yankees captain Derek Jeter is a member of the group that paid $1.2bn for the franchise and will be hoping he can revive the team’s fortunes.

Sale of 49 per cent of Brooklyn Nets ($1.13 bn)

Joseph Tsai, the co-founder and executive vice chairman of Alibaba Group, reportedly paid $1.13bn for a 49 per cent stake in the NBA team Brooklyn Nets. This deal valued the franchise at $2.3bn and represented a huge return on investment for Mikhail Prokhorov.

Brooklyn Nets' Allen Crabbe (L) vies for the ball with Miami Heat's Wayne Ellington. Pedro Pardo/ AFP
Brooklyn Nets' Allen Crabbe (L) vies for the ball with Miami Heat's Wayne Ellington. Pedro Pardo/ AFP

In 2010 the Russian paid $200m to buy a controlling interest in the New Jersey Nets, as the team was known then. Interestingly, the deal with Mr Tsai, who has an option to eventually purchase the team outright, does not include the billion dollar-valued Barclays Centre, which Mr Prokhorov will keep.

Vivo Sponsorship of FIFA (€400m)
Vivo signed on as a major sponsor of the world football governing body Fifa, parting with €400m (Dh1.7bn) for the privilege, according to reliable reports. The Chinese smartphone company will pay Fifa somewhere between €60m and €70m per year up until and including the World Cup in 2022.

Fifa is in the midst of a major corruption scandal, which has caused major western companies to distance themselves. Asian sponsors have stepped in to take up the slack with hundreds of millions of dollars committed by Chinese companies Hisense and Dalian Wanda alone.

Where to donate in the UAE

The Emirates Charity Portal

You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.

The General Authority of Islamic Affairs & Endowments

The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.

Al Noor Special Needs Centre

You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.

Beit Al Khair Society

Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.

Dar Al Ber Society

Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.

Dubai Cares

Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.

Emirates Airline Foundation

Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.

Emirates Red Crescent

On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.

Gulf for Good

Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.

Noor Dubai Foundation

Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).

Australia tour of Pakistan

March 4-8: First Test, Rawalpindi

March 12-16: Second Test, Karachi

March 21-25: Third Test, Lahore

March 29: First ODI, Rawalpindi

March 31: Second ODI, Rawalpindi

April 2: Third ODI, Rawalpindi

April 5: T20I, Rawalpindi

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

THE SPECS

Engine: Four-cylinder 2.5-litre

Transmission: Seven-speed auto

Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

On sale: now

UAE currency: the story behind the money in your pockets
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5