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Portugal’s football industry has never looked as promising


Portugal’s football industry has never looked as promising - portugal news
Portugal’s football industry has never looked as promising - Portugal Business News





Portugal football news – Portugal’s football industry has never looked as promising with the manna to be expected from hosting the World Cup 2030 together with the country’s brand name Ronaldo making the country more famous than ever.


Portugal is famous for football, for Ronaldo, and for its sunny climate. Portugal’s main global influencer Ronaldo has been touted as the Greatest Of All Time (GOAT), consistently reaching the highest level of achievement in football.


During the 2021-2022 football season, Portuguese professional football contributed EUR 617 million, that equals only 0.29% of Portugal’s Gross Domestic Product (GDP). However, according to the president of the Portuguese Business Confederation (CIP), Armindo Monteiro, Portugal’s football industry is important for the country’s economy and Portugal should have tax incentives to attract highly qualified football players.


According to the president of the Portuguese Business Confederation, Portugal’s football industry has incredible potential and could become an important contributor for the country’s economy. This is why Portugal should have tax incentives for attracting football talent including returning Portuguese football players who will contribute to economic growth.


“When a player wants to return, he calculates not only what he earns, but what he will actually receive. With a competitive framework, there is extra motivation for the player to return. The clubs would benefit from this and we would benefit, as we like to see good players on national pitches”, stated Armindo Monteiro.


Portugal will be hosting the World Cup 2030 and the country’s performance in the qualifying phase means that Portugal is guaranteed to do well in the Euro 2024.


While Cristiano Ronaldo is the World’s Top Scorer in 2023 and the world’s highest-paid football player in 2023 according to data just released by Forbes; Portuguese football players Bruno Fernandes, Bernardo Silva, and Rafael Leão are among the world’s best-paid footballers in 2023. According to German website Transfermarkt, Portuguese footballers are the 7th most valuable in the world, with an average value of 4.2 million Euros.


The World Cup 2023 has the potential of being not only a branding success for Portugal, but also an economic success that the country should capitalize on by implementing tax incentives to develop its football industry.




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