– Gary Neville welcomes research into fans’ spend –
Premier League match-going fans will have to shell out £1.3 billion this season to follow their teams – as increases in the price of home tickets, TV subscriptions and merchandise hit their wallets.
The eToro Fan Financial Statement, research carried out by multi-asset investment platform eToro in association with KPMG Football Benchmark, provides a comprehensive study into the financial commitment UK football fans make to support their Premier League clubs and which clubs offer the best value.
As one of the biggest sponsors of the Premier League, eToro have been promoting their crypto offering through their six club partnerships this season. Currently, they are running promotions on match day LED boards and media backdrops, helping raise awareness of cryptoassets to a global audience.
Key findings of the report include:
- Premier League match-going fans will spend an estimated £1.3bn this season
- Increase of 31% since 2014/15, and 6.5% since last season
- Overall cost of tickets for a ‘dedicated fan’ risen only 1% since 2014/15
- Biggest increases per match-going fan are TV subscriptions (40%), merchandise (21%), home tickets (14%) and food and beverage (11%)
- Dedicated fans will spend £1,888 this season, 8% of the average UK take home salary
- 4 of the ‘big 6’ clubs in the top 6 most expensive to follow as a dedicated fan
- Man City fans got the best value for money last season – £16.90 per goal scored
The report explores spending by match-going football fans over the past five Premier League seasons, incorporating car and rail travel, merchandise, tickets, in-stadium food and drinks and TV subscriptions.
Sky Sports Pundit and Manchester United legend, Gary Neville said, “Football needs to check itself. There are lots of positives about football. The stadiums are better, the quality of play is fantastic, and the atmosphere is far more inclusive, but for me affordability is something that needs to be addressed.
“This report lays out the facts and I hope it will serve as a wake-up call. Football has to stand above other leisure businesses. It is more than just a game. It is about community and we need to ensure we are doing all we can not to price fans out of the game.”
Premier League match-going football fans are forecasted to spend an estimated £1.3billion over the course of this season, a figure that has risen by 31% since 2014/15. Inflation, as indicated by the UK Consumer Price Index, rose by 8.4% over this period.
To better understand the real cost of fandom, the eToro Fan Financial Statement analysed the spend of football’s most faithful supporters. The research focuses on the ‘dedicated fan’ – an adult fan who attends all 19 home games & travels to at least 5 away games. Dedicated fans will on average spend £1,888 this season. This equates to 8% of the average UK take home salary according to the Office of National Statistics.
While ticket prices make up a significant proportion of this total cost, the overall cost of tickets for a ‘dedicated fan’ has risen only 1% since 2014/15. This demonstrates the positive impact of the Premier League wide cap on away ticket prices. It also reflects efforts by clubs to support dedicated fans including season ticket price freezes.
The biggest cost increases per match-going fan are TV subscriptions (40%), merchandise (21%), home tickets (14%) and food and beverage (11%). The price of a pie has risen 17% since 2014/15. At Chelsea a pie will now cost you £4.60, compared to £3 at Burnley. In the 2019/20 season dedicated fans are expected to spend over £23.8 million on replica shirts, a 32% increase in total spend since season 2014/5.
Andrea Sartori, Global Head of Sport at KPMG said, “The data shows that not all costs have risen equally and that the most significant increases are due to external factors outside of the clubs’ control such as travel, TV subscriptions and merchandise. This research also reveals that it is not all doom and gloom for Premier League fans. Initiatives, such as the price cap on away game ticket prices means that the overall cost of tickets has risen only 1% since 2014/15, which is significantly below inflation.”
Arsenal are the most expensive team to support with dedicated fans each paying £2,238 per season. However, that cost has risen by just 2.4%, the least of any current Premier League club since 2014/15. Newcastle United are the only club outside of the traditional “top 6” to feature in the 6 most expensive clubs to follow. This is largely due to the increase in season ticket and food and beverage prices, leading to a forecasted 4.1% increase in spend year-on-year and a 16.7% increase since 2014. Travel also plays a part. It should come as no surprise that this season Newcastle United fans will travel 68% more miles by train and 65% more miles by car to away matches, than the average Premier League fan.
Every club has a different offer when it comes to serving fans. The eToro Fan Financial Statement looked at whether some fans get better value for money than others by examining the total spend by dedicated fans last season in relation to the amount of goals scored and points won.
This approach reveals that whilst dedicated Liverpool fans may spend more versus other fans in the Premier League, they saw good ‘value for money’ based on a low cost per goals scored and points won, last season. Of all the clubs, Manchester City fans got the most entertainment for their money paying £16.90 per goal and £16.30 per point. This was helped by having 12% less overall spend than the Premier League average and their top of the table finish. Huddersfield Town fans got the worst deal overall, spending £70 per goal and £96 per point a situation not helped by their bottom of the table finish and subsequent relegation.
Gary Neville continued: “This isn’t just about money. It is about the family that lives a mile from the club dreaming every weekend that they can go to the game and afford to watch their heroes play. Every Saturday when I was growing up it was the only thing I thought about. It was the most important thing in my world. It fuelled my dreams for those 15 years until I joined United.”
Iqbal V. Gandham, UK Managing Director at eToro concludes: “As a sponsor of six Premier League teams we try to ensure that we are giving back to the fans as much as possible. Our Le Tiss Air competition was well received by Southampton fans and this is just the first of many initiatives we will be carrying out this season to reward loyal fans who invest in what they love.
“We understand that football fans have a deep emotional investment in their club and they’ll move mountains to support their team both home and away. We wanted to do something on behalf of the fans, to look at the hard costs involved in being a loyal fan and how that financial investment has changed over time. By doing so we hope to start a conversation about the future of football and how we can work together to bridge the gap between investment and value for the fans who are at the very heart of the game.”
For further commentary by Gary Neville and to download the full report visit etoroFC.com
Note on KPMG methodology – data cited throughout this release is based on a profile titled ‘’the dedicated match-going football fan”. Data supporting this profile is based upon avid supporters who attend all home matches (as season ticket holders) and travel to approximately five away games each season. With regards to travel behaviours, they are twice as likely to opt for train instead of car. All data and analysis has been provided by KPMG’s Football Benchmark team. When referring to ‘average fans’, these are fans who attend, on average, six to seven home games, accounting for casual ticket purchases and more committed season ticket holders alike. This is a theoretical profile aiming to capture the behaviour of all fans as an average.
At the start of the football season, eToro announced its sponsorship of six Premier League teams including Aston Villa, Crystal Palace, Everton, Leicester City, Southampton and Tottenham Hotspur. eToro was founded in 2007 with the vision of opening up global markets so that everyone can trade and invest in a simple and transparent way. The eToro platform enables people to invest in the assets they want, from stocks and commodities to crypto-assets. We are a global community of more than eleven million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
About KPMG’s Football Benchmark
Providing an in-depth and interactive analysis of hundreds of Europe’s top professional football clubs, www.footballbenchmark.com is the latest initiative offered to the global football industry from KPMG. The digital platform democratises and consolidates financial and operational performance data to assist the critical decision making of those associated to the global football industry. In addition to the wealth of information and knowledge shared on the platform, KPMG’s dedicated Football Benchmark team deliver services to those operating, investing and governing the world of football, these services include Valuation and transaction support, Operational evaluation and restructuring, Feasibility & Business planning, Bidding assistance and economic impact assessment, Governance & organisational structure, as well as Audit & Tax.
Iqbal V. Gandham has almost 20 years of entrepreneurial and business strategy experience, and an in-depth understanding of how to accelerate growth in young, internet-enabled companies. He joined eToro, the global multi-asset investment platform, in 2016 as UK Managing Director, where he is responsible for developing new products and driving growth in the UK. Previously he was CMO for Nutmeg, the world’s first online investment manager, where he helped take the business from an unknown brand to having over half a billion pounds in assets under management. Having originally trained as a spacecraft engineer, he’s held senior roles in India and the UK as both a technologist and marketer. Previous career achievements include co-founding India’s largest domain registration and web hosting provider Net4India, and helping to take several technology start-ups through to successful listings.
Andrea Sartori is KPMG’s Global Head of Sports. Under his leadership, KPMG’s Sports Practice delivers value to support those making critical decisions in the sports sector, including investors and financial institutions, governing bodies and federations, as well as leagues, clubs and major events. His areas of expertise include business planning and feasibility studies of sports infrastructure, economic impact studies for major events and bidding assistance, valuation and transaction assistance, as well as growth strategies development for sporting federations, right holders and sport corporations. Andrea is also the initiator and founder of KPMG’s Football Benchmark, a unique portal which provides in-depth understanding and interactive analysis of the business of football.
Gary Neville is one of the most decorated English and European footballers of all time, with 85 caps for England, the most of any right-back in history, and 400 appearances for Manchester United where he spent his entire professional career from 1992 to 2011 – including five years as club captain. Neville has 20 major football titles to his name, having lifted the Premier League trophy eight times, the FA Cup three times, the Champions League trophy twice, the Intercontinental Cup, two League Cups and the FIFA Club World Cup. He has represented England at three European Championships and two FIFA World Cups. Following his retirement from playing In 2011, Neville has made a successful transition into punditry with Sky Sports, whilst balancing multiple careers in coaching, as co-owner of Salford City and in business where he manages several successful property enterprises and the recently launched University Academy 92. Neville has an in-depth understanding of all facets of football, including the financial side where he can provide an expert and balanced view of the industry and the challenges facing fans, clubs and the league.
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
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He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…
My Crypto Heroes Announces Issuance of MCH Governance Token
Tokyo, Japan, 24th November, 2020, // ChainWire //
My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH.
My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.
What is MCH Coin?
MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.
Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.
The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:
During December 2020 the first governance…