Sports play a vital role in our lives, from the early childhood years when we take our sports very seriously to the later years in life where we consider it as a hobby, a wellness ritual, and sometimes even a profession. But for sports executives, the most beneficial sports leagues are primarily a profitable businesses. Sports teams are normally owned by billionaires who invest huge amounts of funds into new players, new stadiums and arenas, and also brand management. A lot of sports fans around the world tend to overlook the fact that their precious team is primarily a big business.
Sports ventures have since proven to be a really profitable branch of the entertainment industry. They earn incredible sums of money. Currently, professional sports leagues have since become one of the most lucrative recreation industries in the world, earning billions of dollars from different sources, including promos and sponsorships. These sources include; sponsorships, merchandise, gambling, game ticket sales, events, transfers, stadium rentals, broadcasting contracts, and so much more.
Here is the list of the top 10 richest sports leagues in the world.
|1.||National Football League (NFL)
||Major League Baseball (MLB)||$10 billion
|3.||National Basketball Association (NBA)
||Indian Premier League (IPL)||$7 billion
|5.||English Premier League (EPL)
||National Hockey League (NHL)||$4.8 billion
||UEFA Champions League (UCL)||$2 billion|