The wealth transfer has began. Big time cryptotraders have lost most of their funds and would want to go hard on the next $Shiba in order to recover their loses. Unknown to them,
@Eze_Wilberforce Last year August 11th🔥. This was how he revealed it in the comment section under a now deleted post. My $30 worth of $TKC became $300 and that was my time to rotate everything to $CREPE but I knew little to nothing about crypto so I bought just 21m tokens and
@GabrielChijio15 "A lot of people started calling the prophet names when the dip came. Many sold their bags, left the crypto space, and later came back to buy at the top."
I just laugh when I see them mocking him. They would DEFINITELY come back to buy at the top😂😂😂
take man city for example;
some players earn over £300k - £500k every week alone and when you add up the wages of the entire squad, city can spend well over £7m every single week on salaries, that’s more than £950k per day.
so the curious question is, how do clubs generate that kind of money?
pay close attention;
cos here’s where things get wild, let’s still use man city as an example. the etihad stadium can accommodate over 55,000 fans when sold out but not every seat costs the same. regular tickets can cost around £50 to £65 so even if every fan paid only £50 a sold out stadium would generate around £2.7m from a single game.
where the real money starts rolling in are in hospitality and vip seats.
those luxury areas are much smaller and don’t make up the full 55,000 capacity. depending on the setup, hospitality and premium sections can range from a few thousand seats to well over 10,000 premium spots in total and those seats are expensive.
some vip tickets can cost £300 to £500 and for massive matches against arsenal, liverpool or in the manchester derby, some packages can reach £800 or more.
now think about this;
if just 5000 vip fans paid £500 each, that alone would generate around £2.5m. if 5000 fans paid £800 for exclusive experiences, that becomes around £4m from hospitality alone.
now add that to normal ticket sales from the other 40,000+ fans and man city could make well over £5m from one sold out matchday before a ball is even kicked.
and that still doesn't include refreshments, club shops, parking, stadium tours or merchandise sales... then comes television money, the premier league signs multi billion pound broadcast deals around the world.
every man city match is watched by millions globally and the club receives a share of those tv rights.
then sponsors pay huge money too. etihad airways pays over £60m annually just to appear on the front of the shirt. puma pays close to £70m every year for the kit deal and millions of fans worldwide buy jerseys, training kits and jackets every season.
so when you combine all of that the sold out stadiums, tv rights, vip hospitality, sponsorships and merchandise, you’ll understand how football clubs can afford to pay players massive wages every week.
football today is no longer just a sport, it’s a multi billion pound business. learn something, buena suerte 👍