Budget and sponsorship Assignment Example | Topics and Well Written Essays - 250 words

Budget and sponsorship - Assignment ExampleManchester United is one of the some famous worlds soccer teams. Established in 1878 in Manchester, it has found it ways to stock market in 1991. It chief source of tax revenue enhancement originates from sponsorship agreement that amounts to 31.4 % of the total revenue (Statista, 2015). Some of the Manchester United sponsors include ION, AIG, Chevrolet and Adidas. This is done by placing the logos of the sponsors on the sporting clothes. The second largest source of income for Manchester United is revenue obtained from broadcasting deals Manchester United signs with the Internet and cable companies as MUTV and BSkyB. The broadcasting revenue amounts to 31. 3 % of the total revenue. Thirdly, the primary source of income comes from match day revenue that amounts to 25% of the total revenue (Statista, 2015).The club expenditure mainly comes from money used to service contracts that the company has entered with the players they have signed. Besides, there is the recurrent expenditures such as retribution of staffs and maintenance of the assets owned by the club (GarciadelBarrio & Pujol, 2009). In case of writing a proposal, the key aspects that should be included are how the sponsors will benefit from the coronation they have made through sponsoring the club.Statista. (2015, June 23). Total revenue of Manchester United from 2005/06 to 2013/14 (in million euros). Retrieved from The Statistic Portal