Citizen clubs making profits

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Holyjoe
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Re: Citizen clubs making profits

Postby Holyjoe » Fri Apr 22, 2016 7:26 pm

Incheon, oh Incheon... think they're fucked both on the park and financially too. They've been sued by a group of former players over non-payment of bonuses and the like, and they seem to be 'forgetting' to pay players from time to time nowadays as well. On top of that, manager Kim Do-hoon has only just figured out/been informed that someone inserted a clause in Vietnamese signing Luong Xuan Truong's contract that means he's supposed to be playing first team matches as part of the club's marketing deal with some Vietnamese companies. At present he's only been playing reserve league games and hasn't featured for the top team.

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Re: Citizen clubs making profits

Postby paquebot » Fri Apr 22, 2016 10:00 pm

Once upon a time Incheon International Airport was supposed to be ready to plow money into the team. Whatever happened with that?
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Re: Citizen clubs making profits

Postby SeoulUtd » Fri Apr 29, 2016 11:35 pm

Here's an actual citizen club without support of City Goverment.

So, what's going on with our club?
Just shit things. :(

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Re: Citizen clubs making profits

Postby SteveW » Sat Apr 30, 2016 1:33 am

What is going on with Seoul Utd?

Who actually pays the bills to run it ?
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Re: Citizen clubs making profits

Postby SeoulUtd » Sat Apr 30, 2016 11:52 am

Some private owners who are rich.
So we are now just operating with some donational money, not citizens.

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Struggling #KLeague turning to Southeast Asia for assistance

Postby kingkenny7 » Tue May 10, 2016 2:51 pm

a Seongnam FC Fan living in Down Under.
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Re: Citizen clubs making profits

Postby paquebot » Tue May 10, 2016 10:22 pm

The clubs also struggle to receive any significant income from television rights, the main source of income for most football clubs around the world, with the K-League television deal reportedly worth only US$5 million (S$6.85m) a season.


The K-League should really be trying to get this figure higher. In addition to the figures mentioned in the article for China ($250m/season) and Japan (~$20m/season), the USA's MLS signed a television deal in 2014 worth $90m/season.
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Re: Citizen clubs making profits

Postby SteveW » Wed May 11, 2016 4:46 pm

That TV deal is less than Scotland gets so yes it's pretty poor. Not sure how they improve though since TV companies don't seem to care.

Most teams have been set up to live on handouts so there isn't that mindset of being commercially savvy
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Re: Citizen clubs making profits

Postby Alex43 » Fri May 13, 2016 8:30 am

paquebot wrote:
The clubs also struggle to receive any significant income from television rights, the main source of income for most football clubs around the world, with the K-League television deal reportedly worth only US$5 million (S$6.85m) a season.


The K-League should really be trying to get this figure higher. In addition to the figures mentioned in the article for China ($250m/season) and Japan (~$20m/season), the USA's MLS signed a television deal in 2014 worth $90m/season.


with games on multiple channels at the same time, i wonder how the selling rights go. if i were a company and bought a game, id be furious another channel would be able to show it at the same time, or even a delayed play back.
well well well

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Re: Citizen clubs making profits

Postby Holyjoe » Sun Jul 24, 2016 7:05 am

Sports clubs bet on stadiums
July 21,2016

K-League Classic clubs are under financial duress. As it becomes more expensive each year to renew players’ contracts and pay bills to operate the stadium, fewer and fewer fans are finding their way to K-League stadiums. For this reason, the league is seeking creative ways to maximize revenue.

Teams are considering many different options. Some are looking to turn the surrounding area of their stadiums into parks and mobilize food trucks to increase revenue, while others examine the possibility of turning the stadium into an ice rink or a sled park during the off-season.

“Clubs must figure out a way to create financial sources other than the support by their sponsors to be able to up their competitiveness further,” said a Korea Football Association (KFA) staff member. “It’s a trend among them to recognize the importance of creating financial sources on their own.”

Among them, Incheon United FC has an idea to host football in summer and ice skating during winter. The club has been talking to consultants to examine a way to turn the stadium that is idle during off-season into an ice rink.

“We are discussing whether it would be possible to earn additional profit during the off-season by installing an ice rink or a sled park on the ground. We are talking with experts about the matter and things look positive at the moment,” said Park Young-bok, president of the team.

Incheon could catch two birds with one stone with their plan. Not only can they get fans to visit the stadium during winter, but they could also earn additional profit.

Some sports clubs in the United States have already implemented such plans and are making lucrative profits. Major League Baseball’s Boston Red Sox, for instance, turned Fenway Park into a snow arena and hosted the 2016 U.S. Snowboarding Grand Prix Big Air at Fenway this year. The club installed lamps after paving the ground with flooring, which prevented damaging the ground and allowed it to be fully ready to use once the season started.

The Washington Nationals remodeled the Nationals Park so it can be used as an ice rink last year. Working closely with the National Hockey League, they hosted a NHL game between the Chicago Blackhawks and the Washington Capitals.

Incheon United is reportedly suffering from a debt of 9.1 billion won ($7.9 million). Although it gets help from the city of Incheon, the team cannot maintain its business without means to become self-sufficient. “We hope to attract a major sponsor,” added Park. “Incheon has many big businesses. We hope to obtain at least one to two additional sponsorships to reduce debt and make stable income in the long run.”

Teams like FC Seoul are focused on marketing schemes to attract more fans. FC Seoul has hosted more spectators on average than any other K-League clubs. According to data provided by the KFA, approximately 18,895 fans have visited Seoul World Cup Stadium, home of the FC Seoul. Although Seoul is the capital of Korea, the large number of fans can also be attributed to the club’s aggressive marketing strategy.

One of the notable marketing tactics that FC Seoul has used is the “Food Park.” By installing several food trucks on the square by the stadium, FC Seoul is raking in a substantial profit. Not only do these food trucks boast varied menus, but they are inexpensive, meeting the demands of the younger fans who come to the football stadium.

“I was surprised to find more than 20 different offerings here,” said an FC Seoul fan. “They are cheap and delicious. I also liked the fact that they installed benches in front so we can sit down and eat.”

That K-League clubs are trying to turn around their financial troubles is welcoming news for the KFA. The football governing body has convened staff members from each club and hosted various info sessions to help them meet their goals. “More fans will come out to watch the games if we provide them with more exciting games and amenities to enjoy,” said Huh Jung-moo, the vice-president of the KFA. “Their experience should not be limited to just watching the games but also they should be able to enjoy various events and facilities.”

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Re: Citizen clubs making profits

Postby Holyjoe » Fri Aug 12, 2016 5:35 am

The owners of Gangwon Land resort haven't been giving sponsorship payments to Gangwon FC, hence this for the match at the weekend:

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Re: Citizen clubs making profits

Postby MipoFanatic » Fri Aug 12, 2016 4:30 pm

Oh me, oh my. Aren't they around the Pyeongchang area? :smt117

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Re: Citizen clubs making profits

Postby Alex43 » Fri Aug 12, 2016 11:47 pm

that's a bit funny
well well well

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Re: Citizen clubs making profits

Postby eujin » Fri Mar 10, 2017 3:55 pm

I'm living in an uncomfortable state of ignorance about what is really going on in Korea at the moment, but is one of the reasons why Lee Jae-yong and Samsung are in trouble because they're accused of donating money towards elite sport and sportspeople in return for whatever it is that corporations think they get from this sort of behaviour? (In one example this Olympic dressage woman who is holed up in Denmark facing extradition.)

Does this have rather wide implications for Korean professional football?

Have people in Korea decided (or the Supreme Court decided on their behalf) that this entire culture of how governments and chaebols interact needs to end. Are the days of rokfootball discussions about which 50,000 all-seater stadium is going to be built on the top of Jirisan coming to an end?

I'm worried.

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Re: Citizen clubs making profits

Postby SteveW » Fri Mar 10, 2017 6:38 pm

Of course not. There's money to be made. Trump will build them once he is finished with his wall.
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