Rio de Janeiro, March 27 IANS | 3 years ago

FIFA Club World Cup champions Corinthians reported a 41 percent year-on-year rise in 2012 net revenue at USD 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 USD 12 million in 2007 to USD 77 million last year, reports Xinhua.

Match-day takings soared more than 400 percent over the five-year period from USD 4.2 million to USD 17.5 million. Sponsorships and publicity contracts injected USD 32 million into Corinthians' coffers in 2012, up from USD 9.5 million in 2007.

(Posted on 27-03-2013)