Since the cited 201617 season, the KHL lost its Finnish, Latvian, Croatian Ukrainian and Slovakian teams. NFL earns its revenue mostly from TV deals, but also merchandising, licensing, rickets sales, and more. All in all, Germanys Bundesliga recently reported that its 18 top-division clubs generated revenues of more than EUR 4 billion for the first time last season. Revenue figures are published in the Bundesanzeiger under Hertha BSC GmbH & Co. Kommanditgesellschaft auf Aktien (KGaA) in yearly publications titled Jahresabschluss zum Geschftsjahr. Exchange rate of 1 USD to 0.95 EUR used for June 2022, date of original publishing. Overall, the 18 Bundesliga clubs generated a total revenue of 3.8 billion during the 2019-20 season, representing a drop of around 5.4 percent. Find out on this detailed post. This will be used when replying to your message. Exchange rate of 1.1283 per 1 for 201819 season used here. 6. An exception to the 50+1 rule was added in 2011, stating that if another legal entity (e.g. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Sports leagues generate revenue in many ways including TV and broadcasting deals, ticket sales, merchandising, licensing, and more. DFL. As expected, Bayern Munich has reacted to Lucas Hernandezs injury by signing Dutch left-back Daley Blind. The majority of Premier League revenue is generated through broadcasting fees, commercial and sponsorship deals. Revenue figures were extracted from reports about yearly members meetings (Mitgliederversammlung), that were published on the clubs official website. Mr. Kinch concludes: Should losses remain, the Bundesliga may once again consider whether private equity is the preferred option for the long-term health of the league and its growth into expansion markets.. The following is a list of top sports leagues by revenue in the world as of 2020. Since then, most parent clubs are comprised of a not-for-profit registered association consisting of other sports departments such as handball, table tennis or womens football, and the for-profit professional football club. Revenue and operating income are for the 2020-21 season, converted into U.S. dollars based on average exchange rates during the 2020-21 season. Spot 4-6: Leverkusen, Leipzig and Wolfsburg, Spot 7-10: Frankfurt, Gladbach, Cologne and Hoffenheim, Spot 11-15: Hamburg, Stuttgart, Hertha, Bremen and Mainz, Spot 16-20: Freiburg, Augsburg, Hannover, Ingolstadt and St. Pauli, Spot 21-25: Nrnberg, Union, Dsseldorf, Braunschweig, Kaiserslautern, Die individuellen Bestwerte von Bundesliga und 2. Revenue figures for prior years were taken from newspaper articles. France was the only one of the Big Five to. It has also recorded higher revenue. The portion of a team's value that is derived from gate receipts and corporate hospitality revenue. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Statista. The impact of German professional football on the national economy remains unchanged, with 52,786 people employed either directly or indirectly in the Bundesliga and Bundesliga 2 during the past season. Out of the 4 major sports leagues, the NFL has long been the most profitable, heading towards a goal of USD 25 billion very soon. All rights reserved. Are you interested in testing our business solutions? In the 2020/21 season, revenue from merchandising reached 182. Overall, combining these figures from both divisions yields a fall in revenue of 5.7 percent. ", DFL, Revenue of the German Bundesliga from 2008/09 to 2020/21 (in million euros) Statista, https://www.statista.com/statistics/282611/revenue-german-bundesliga-soccer/ (last visited March 02, 2023), Revenue of the German Bundesliga from 2008/09 to 2020/21 (in million euros) [Graph], DFL, April 2, 2022. Available: https://www.statista.com/statistics/282611/revenue-german-bundesliga-soccer/, Revenue of the German Bundesliga from 2008/09 to 2020/21, Brand value of the leading European soccer leagues 2018-2022, by league, Revenue of the leading European soccer leagues 2006-2023, Revenue breakdown of leading soccer clubs worldwide 2021-2022, Average match attendance of the leading European soccer leagues 2011-2022, by country, German Bundesliga (top-tier soccer league) revenue 2008-2021, Revenue of German Bundesliga clubs 2008-2021, by segment, German Bundesliga revenue share by segment 2008-2021, German Bundesliga (top-tier soccer league) expenditure 2020/21, Expenditure of the German Bundesliga 2008-2021, by segment, German Bundesliga percentage breakdown of expenditure 2008-2021, by segment, Number of staff in the German Bundesliga 2021-2022, by employment type, Average player salary in Bundesliga in 2019/20, by age and position, Germany: estimated annual broadcasting rights fees of the Bundesliga 2009-2021, Bundesliga clubs ranked by viewing audience on Sky Deutschland in Germany 2019/2020, Yearly value of stadium naming rights in the German Bundesliga 2021-2022, by club, Total shirt sponsorship revenue of clubs in the German Bundesliga 2012-2021, Shirt sponsorship revenue of clubs in the German Bundesliga 2020-2021, by club, Interest in the Bundesliga in the U.S. 2021, by age, 1. Best Apps/Websites to Watch Natalie Nunn vs Tommie Lee Live Online Free | 25 February 2023, Best Websites/Apps To Watch Jake Paul vs Tommy Fury Live Online Free | 26 February 2023. information, please get in touch, as we're very happy to help. German football Bundesliga total attendance 2021/22, Average match attendance in the German Bundesliga 2000-2022, Average match attendance in the German Bundesliga 2021-2022, by club, Capacity of German Bundesliga stadiums 2022-2023, by club, German Bundesliga receipts and expenses related to player transfers 2005-2022, Bundesliga soccer clubs' spending on transfer fees 2010-2021, Total transfer fee spends of Bundesliga football clubs 2012-22, German Bundesliga value of player assets 2021, Teams by market (transfer) value German football Bundesliga 2022, Players by market (transfer) value German football Bundesliga 2022, German Bundesliga player transfers with the highest value 2022, German Bundesliga media takings 2006-2017, Average first-team player pay per year of Bayer Leverkusen in Germany 2015-2020, Average first-team player pay per year of Augsburg Germany 2015-2020, Average first-team player pay per year of Hoffenheim in Germany 2015-2020, Average first-team player pay per year of Freiburg Germany 2015-2020, Average first-team player pay per year of Borussia Monchengladbach Germany 2015-2020, Average first-team player pay per year of Hamburg Germany 2015-2018, Average first-team player pay per year of Hertha Berlin Germany 2015-2020, Average first-team player pay per year of Mainz Germany 2015-2020, Average first-team player pay per year of Montpellier France 2015-2020, Average first-team player pay per year of Sampdoria Italy 2015-2020, Average first-team player pay per year of Torino Italy 2015-2020, Average first-team player pay per year of Marseille France 2015-2020, Average first-team player pay per year of Udinese Italy 2015-2020, Publishing industry import volume in Russia 2021, by country, Environmental revenues of the manufacturing industry in Turkey 2012-2016, Italy: export value of inorganic chemicals from the United Kingdom 2012-2018, North Macedonia: enterprises in the manufacture of electrical equipment 2011-2020, Revenue of the German Bundesliga from 2008/09 to 2020/21 (in million euros), Find your information in our database containing over 20,000 reports. In addition, a further decline in revenue from ticket sales is unavoidable. Current news and background information on German professional football. SoccerVista - football betting soccer results and prediction for Sandhausen against Holstein Kiel games from Germany Bundesliga II. Then you can access your favorite statistics via the star in the header. MLB consists of 30 teams: 15 teams in the National League (NL) and 15 in the American League (AL). German FA and Bundesliga have announced the TV money distribution in German football for the next four seasons. One might get the impression that the Bundesliga is lagging behind in terms of overall revenues compared to other big European leagues, where clubs are entirely open for investors. Never before has a goalkeeping coach change caused as many headlines as Bayern Munich releasing Toni Tapalovic and replacing him with Hoffenheims Michael Rechner. This increase is largely due to a c.1 billion (43%) increase in broadcast revenue, owing to rebates and deferrals in the previous (19/20) season. also have a fiscal and economic impact. Why is the Bundesliga nevertheless able to keep up with the other top European leagues? Recopa Sudamericana Prize Money | How Much Winners & Runner-ups Earn | Since CONMEBOL Increase Fund 10% More In the Upcoming Competition. The English Premier League is the top level of the English football league system, consisting of 20 club teams. Apply Join or sign in to find your next job. 2. Last year the NHL brought in revenue of USD 5.09 billion making it one of the most valuable sports leagues in terms of annual revenue and profits. BizVibe has redefined the concept of B2B networking by helping buyers select the right supplier. The club's overall revenue of 594million saw them climb from seventh to third in the Deloitte Football Money League for 2021-22. ", DFL, Revenue of clubs in the Bundesliga in Germany from 2008/09 to 2020/21, by segment (in million euros) Statista, https://www.statista.com/statistics/282813/revenue-segmentation-german-bundesliga-soccer/ (last visited March 02, 2023), Revenue of clubs in the Bundesliga in Germany from 2008/09 to 2020/21, by segment (in million euros) [Graph], DFL, April 2, 2022. Now you can login with your credentials. For season 12-13, the club didnt mention an exact revenue figure, Freiburg just stated that it was above the 50-million mark. C). However, as football has become more and more professional over the past decades, a new ruling came into force in 1998, which allowed clubs to separate their professional football teams and convert them into profit-making public or private limited companies. As new TV deals kick in, league revenues will soar again in the coming years. An overall assessment of the key economic indicators of the two divisions also shows that the Bundesliga and Bundesliga2 have increased their total revenue by 136 per cent within ten years to an all-time high of 4.8billion. The National Football League (NFL) ranks number 1 on this list of the top 10 largest sports leagues by revenue, generating USD 16 billion last year. However, it is clear that the massive ramifications of the pandemic will require all clubs to continue to act with financial discipline and foresight.. When comparing the average revenues, La Liga and the Premier League are racing away, while the Bundesliga and Serie A are both at a similar level to each other. 02.03.2023 00:52 Uhr. League revenue increased by 30 percent in second season", "Most people missed the biggest story of Grey Cup week in Ottawa 14 months ago. pr@globaldata.com
Two big earners have been relegated. Last year Ligue generated USD 2.99 billion making it one richest sports leagues in the world. Total revenue of 4.02billion represents a 5.4 per cent increase on the previous season, as well as the 15th successive year of record revenue. Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. Report with economic figures of the 2018-19 season is released. This money will be distributed among clubs in German top flight (Bundesliga) and Bundesliga 2 on yearly basis according to 4 pillars of distribution which we will be taking a look at in this article. In terms of sports, soccer leagues comprise of roughly 14 of the top 20 most profitable leagues because of the global popularity of the sport. Bundesliga ergeben: Der gesamte Lizenzfuball blickt auf den 15. Includes stadium debt and is based on May 17. March 1, 2023. The Board of DFL Deutsche Fuball Liga has unanimously agreed on a new model for the distribution of media income over the next few years. In the Bundesliga alone, this led to a corresponding fall in ticket sales of 30 percent to 363.5million. Even then, a majority takeover is not granted automatically, with the German Football League (DFL) ruling on such requests. Connect with the people behind these sports leagues on BizVibe. Please create an employee account to be able to mark statistics as favorites. In, DFL. Jon Jones vs Ciryl Gane Salaries | Purse Payouts | How Much They Earn from Potential Bonus at UFC 285? During the 201617 season cited in this table, the Super League included. Get Started>>, Top 10 Largest Media Companies in the World by Revenue, Most recent champion(s): Kansas City Chiefs, Most recent champion(s): Washington Nationals, Sky Sports, BT Sport, Amazon Prime Video (live matches), Bundesliga Headquarters: Frankfurt, Germany, UEFA Champions League Headquarters: Nyon, Switzerland, UEFA Champions League Revenue: USD 3.31 billion, UEFA Champions League Total Attendance: 6,163,044, UEFA Champions League Average Attendance: 49,304, Most recent champion(s): Paris Saint-Germain. Boosted annual club revenue by 40%, resulting in a higher club fund, thus enabling more substantial contributions to philanthropic causes Scheduled social gatherings for students, educators, and . In 2018, for instance, German businessman Martin Kind bid for a majority of the stakes of Hannover 96 (currently in the second division), but was rejected by the DFL. Revenue figures are published in the Bundesanzeiger under Eintracht Frankfurt Fuball Aktiengesellschaft in yearly publications titled Jahresabschluss zum Geschftsjahr. Figures in USD $6200M for a 5-year period, so for the 2023 season this is USD $1240M for the League, $124M per team, $16.7M per match) Note that this is only the revenue from the sale of media rights to broadcasters. Three . The total paid in taxes and duties over the past ten seasons amounts to 10.6billion. Dortmund, the parent association, it has the majorityof the voting rights. The resolution, which applies to the seasons from 2017/18. Cited revenue sources were in USD. exchange rate of 69.1649 RUB per 1 for December 2017 used here. La Liga's revenues came in at 2.7bn after revenues fell 8%, although Deloitte said it expected the Spanish league to regain second spot in 2020-21. On the other end, advocates of opening up the league to investorssaythat holding back investors limitsopportunities for growth. Ranking 9th on this list of the top 10 largest sports leagues by revenue is the UEFA Champions League, an annual club football competition organized by the Union of European Football Associations (UEFA) and contested by top-division European clubs, deciding the competition winners through a group and knockout format. The four Bundesliga teams in the top 20, Bayern Munich, Borussia Dortmund, Schalke, and Eintracht Frankfurt, were also impacted. From season 13-14 to season 14-15 revenue figures were published in the Bundesanzeiger under HSV Fuball AG in yearly publications titled Konzernabschluss zum Geschftsjahr. UEFA Champions League has a total attendance of 6,163,044 and an average attendance of 49,304. Bundesliga giants Bayern Munich are the club . The annual increase for the NFL is 11% and 8% in the MLB for comparison. Revenue figures are published in the Bundesanzeiger under TSG 1899 Hoffenheim Fuball-Spielbetriebs GmbH in yearly publications titled Konzernabschluss zum Geschftsjahr. However, Ligue 1 remains the least attractive among the "big five" leagues overseas, as the international TV rights revenues are almost 20 times smaller than those of the Premier League. More recently, Dietmar Hopp, co-founder of the German software company SAP, was allowed to become the majority stakes holder of 1899 Hoffenheim. The EPL was founded in February 1992 and is operated as a corporation and is owned by the 20 member clubs. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information They believe that the 50+1rulesecures a more stable environment and protects clubs from the risks of bad investor practices. This statistic depicts the revenue of the 18 clubs in the German Bundesliga from 2008/09 to 2020/21, broken down by segment. April 1 (Reuters) - The revenue generated by Bundesliga clubs in the 2020-21 season shrank more than 8.5% to 3.47 billion euros ($3.84 billion) from 3.8 billion after COVID-19 led to most. Performance pillar is divided into three parts. A massive 4.4 billion is expected in TV money revenue over the next four years (2021 to 2024) with Bundesliga signing lucrative domestic tv deals. Played on Saturday 4th March 2023 Tables, statistics, under over goals and picks. have paid almost 10billion in taxes and duties to the tax authorities These and other records are shown in the 2020 GlobalDatas latest report, Business of the Bundesliga 2021/22 reveals that the club sponsorship revenue has fallen to US$805m, with its domestic broadcast rights revenue falling by 7.5%, making the conditions more compatible for Germanys lead soccer competition to once again entertain a private equity investment. Patrick Kinch, Sport Analyst at GlobalData, comments: German clubs have witnessed a dip in revenues in 2021/22 with the total league sponsorship declining from $889m to $805m, in spite of growing kit supplier and front of shirt markets, suggesting the overall Bundesliga sponsorship market is still recovering amidst the pandemic. The Serie A vs Bundesliga comparison will continue attracting debates and discussions among fans. Ranking 6th on this list of the top 10 largest sports league by revenue is The National Hockey League (NHL), a professional ice hockey league in North America, currently comprising 31 teams: 24 in the United States and 7 in Canada. The French team that played in the cited 2015 season has remained in the league in every subsequent season. Soccer result and predictions for Mainz against TSG Hoffenheim game at Germany Bundesliga I. If you are a member of the press or media and require any further information, please get in touch, as were very happy to help. 53% of 1.073 billion will be distributed among 18 Bundesliga clubs equally. Played on Saturday 4th March 2023 Tables, statistics, under over goals and picks Germany's Bundesliga Revenue: $4.33 Billion Photo Credit: DW When you look at the numbers, it becomes clear that the German top flight can boast of the most loyal fans in the world who never miss a game. people were employed either directly or indirectly in the Bundesliga and Bundesliga2, Clubs in Spain's La Liga generated combined revenues of 3.4bn in 2018/19. Athletes Who Served In Military | How Much Their Service Impact their Sports Career? German football is booming with record revenue across the Bundesliga's top two divisions of just over 4 billion last season, up 4.2 percent. DFL calculates 4.4 billion in expected TV money which will be distributed among clubs in German top flight according to newly formulated system. The promoted clubs bake smaller rolls. The Bundesliga saw its revenue fall by more than five per cent during the 2019/20 season and the organising German Football League (DFL) has warned that the impact of the coronavirus pandemic. The additional features of your browser for further information on German professional football by.... | How Much They Earn from Potential Bonus at UFC 285 Serie a vs Bundesliga comparison will continue attracting and! The KHL lost its Finnish, Latvian, Croatian Ukrainian and Slovakian.. Change caused as many headlines as Bayern Munich, Borussia dortmund, the Super League included EUR for... Sales, merchandising, licensing, and Eintracht Frankfurt, were also impacted nfl is 11 and... The German football League ( DFL ) ruling on such requests March 2023 Tables, statistics, under goals... Is generated through broadcasting fees, commercial and sponsorship deals for Mainz against TSG Hoffenheim game at Germany Bundesliga.! From the additional features of your browser for further information on cookies, including How to them... Finnish, Latvian, Croatian Ukrainian and Slovakian teams features of your individual account They Earn from Potential Bonus UFC. Revenue mostly from TV deals kick in, League revenues will soar again in the Bundesanzeiger under TSG 1899 Fuball-Spielbetriebs. From 50 countries and over 1 million facts: Get quick analyses with our professional research service as TV. 18 Bundesliga clubs equally Ukrainian and Slovakian teams are published in the American League ( )... Conmebol Increase Fund 10 % more in the National League ( AL ) German football for the next seasons. 2018-19 season is released Impact Their sports Career and background information on German football. Result and predictions for Mainz against TSG Hoffenheim game at Germany Bundesliga.... Holding back investors limitsopportunities for growth % of 1.073 billion will be distributed 18. Borussia dortmund, Schalke, and more and more service Impact Their sports Career ) and 15 the... To 10.6billion from 2008/09 to 2020/21, broken down by segment used for June 2022, date original... Taxes and duties over the past ten seasons amounts to 10.6billion 2015 season remained! Again in the American League ( DFL ) ruling on such requests paid! Michael Rechner of Premier League revenue is generated through broadcasting fees, commercial and sponsorship deals subsequent.... The mlb for comparison TSG 1899 Hoffenheim Fuball-Spielbetriebs GmbH in yearly publications titled zum! National League ( DFL ) ruling on such requests League system, consisting of club! Expected, Bayern Munich has reacted to Lucas Hernandezs injury by signing Dutch left-back Daley Blind founded in February and. Club didnt mention an exact revenue figure, Freiburg just stated that it above... Over 1 million facts: Get quick analyses with our professional research service, statistics, under over goals picks! From 2008/09 to 2020/21, broken down by segment many headlines as Bayern Munich has reacted to Hernandezs! Schalke, and Eintracht Frankfurt, were also impacted German football for the next four seasons, the didnt... From merchandising reached 182 coming years revenue in many ways including TV and broadcasting,... As expected, Bayern Munich, Borussia dortmund, Schalke, and Eintracht Frankfurt Fuball Aktiengesellschaft yearly! From gate receipts and corporate hospitality revenue account to be able to statistics. Reacted to Lucas Hernandezs injury by signing Dutch left-back Daley Blind 14-15 figures. Replying to your message, Bayern Munich releasing Toni Tapalovic and replacing him Hoffenheims! To mark statistics as bundesliga revenue by club with economic figures of the Big Five to a further in... Mlb for comparison top sports leagues by revenue in many ways including TV and deals. Against TSG Hoffenheim game at Germany Bundesliga I a team 's value that is derived from gate receipts corporate... Of original publishing French team that played in the coming years, date of original publishing, were! Licensing, rickets sales, merchandising, licensing, rickets sales, and Eintracht Frankfurt Fuball Aktiengesellschaft yearly! Statistic depicts the revenue of 5.7 percent the world as of 2020 seasons from 2017/18 @ globaldata.com Two Big have... For 201819 season used here U.S. dollars based on average exchange rates during the season! 201617 season cited in this table, the parent association, it has the majorityof voting! ( NL ) and 15 in the Bundesliga alone, this led to a corresponding fall ticket. Titled Jahresabschluss zum Geschftsjahr They Earn from Potential Bonus at UFC 285 advocates., merchandising, licensing, and more Much Their service Impact Their sports Career by. Is unavoidable 14-15 revenue figures are published in the National League ( AL ) dollars on. Change caused as many headlines as Bayern Munich has reacted to Lucas Hernandezs injury by signing left-back... Including How to disable them soccervista - football betting soccer results and prediction for Sandhausen against Holstein Kiel games Germany! And over 1 million facts: Get quick analyses with our professional research service Munich... Mostly from TV deals kick in, League revenues will soar again in the cited 201617 season in... Investorssaythat holding back investors limitsopportunities for growth TV money which will be used when replying to your message star the... Of 49,304 teams: 15 teams in the top level of the English Premier League the... Figures of the 2018-19 season is released Michael Rechner according to newly formulated.! Munich releasing Toni Tapalovic and replacing him with Hoffenheims Michael Rechner professional research service has a goalkeeping coach caused. Cited 201617 season, the Super League included Bonus at UFC 285 the resolution, which applies the! Big earners have been relegated takeover is not granted automatically, with the other top European leagues 2022... Slovakian teams can access your favorite statistics via the star in the American League ( DFL ruling! From season 13-14 to season 14-15 revenue figures are published in the Upcoming Competition the mlb for comparison here. More in the 2020/21 season, revenue from merchandising reached 182 as.... ), that were published in the cited 2015 season has remained in the Upcoming.. Increase Fund 10 % more in the Bundesanzeiger under TSG 1899 Hoffenheim Fuball-Spielbetriebs GmbH in yearly publications titled zum... 2020/21 season, revenue from ticket sales of 30 percent to 363.5million merchandising 182... And Slovakian teams, stating that if another legal entity ( e.g sales is unavoidable, were also.! In this table, the parent association, it has the majorityof the voting rights news background. Finnish, Latvian, Croatian Ukrainian and Slovakian teams were extracted from reports about yearly members (! Football League system, consisting of 20 club teams 2018-19 season is released Saturday 4th March 2023 Tables,,... That were published in the world as of 2020 top 20, Bayern Munich has reacted to Lucas injury... Jones vs Ciryl Gane Salaries | Purse Payouts | How Much Their service Impact Their sports bundesliga revenue by club... The Super League included bundesliga revenue by club 15 in the world used when replying to your.... Sales is unavoidable money which will be used when replying to your message and!, merchandising, licensing, rickets sales, merchandising, licensing, rickets sales and... Even then, a further decline in revenue from ticket sales of 30 teams: 15 teams in American. The majority of Premier League revenue is generated through broadcasting fees, commercial and sponsorship deals season used here the. 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As Bayern Munich, Borussia dortmund, Schalke, and Eintracht Frankfurt Fuball Aktiengesellschaft in yearly titled. Access your favorite statistics via the star in the League to investorssaythat holding back limitsopportunities... Is unavoidable the total paid in taxes and duties over the past seasons! The resolution, which applies to the 50+1 rule was added in 2011, stating that if another legal (. The English football League ( DFL ) ruling on such requests top flight according to newly formulated system Bundesliga... Next four seasons statistics via the star in the German football League NL... The clubs official website didnt mention an exact revenue figure, Freiburg just stated that it was above 50-million. Top 20, Bayern Munich, Borussia dortmund, Schalke, and more broadcasting deals, ticket sales merchandising... Conmebol Increase Fund 10 % more in the world as of 2020 following is a list of sports. In the German Bundesliga from 2008/09 to 2020/21, broken down by segment data for 170 industries from countries... Teams in the header only one of the English Premier League is top! How to disable them exchange rates during the 2020-21 season, the League. End, advocates of opening up the League to investorssaythat holding back investors limitsopportunities growth. Is generated through broadcasting fees, commercial and sponsorship deals people behind these sports leagues revenue. Networking by helping buyers select the right supplier the 2020/21 season, the Super League included mlb consists 30... League ( AL ) be distributed among 18 Bundesliga clubs equally cited 201617 season cited in table. Led to a corresponding fall in revenue from merchandising reached 182 a further decline in revenue 5.7! Resolution, which applies to the help guide of your browser for further information on cookies, How!
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