Rio de Janeiro, March 27 (IANS) FIFA Club World Cup champions Corinthians reported a 41 percent year-on-year rise in 2012 net revenue at $161 million, according to the club’s latest financial report.
The figure represents a 416 percent increase from 2007, when the Sao Paulo outfit was relegated to Brazil’s second division. More than 43 percent of the club’s 2012 income came via television rights, which climbed from $12 million in 2007 to $77 million last year, reports Xinhua.
Match-day takings soared more than 400 percent over the five-year period from $4.2 million to $17.5 million. Sponsorships and publicity contracts injected $32 million into Corinthians’ coffers in 2012, up from $9.5 million in 2007.