Sports A very profitable final for the city of Madrid Published 5 days ago on December 7, 2018 By Jamie Hendricks Share Tweet A very profitable final for the city of Madrid The clock is ticking down towards the Copa Libertadores final second leg and Madrid is working overtime to ensure everything is ready to host Boca Juniors and River Plate in South American football’s showpiece game. The city is ready to take advantage where Buenos Aires could not, particularly from an economic point of view. According to calculations made by the Business Confederation of Madrid, the game could generate up to 40 million euros for the economy. Of that number, it is reported that half of it will go towards accommodation and those providing lodging for the clubs, fans, sponsors and various other staff members descending on the Spanish capital. A further 25 percent of the total is set to go towards the restaurants and bars of Madrid who will welcome the massive wave of fans. Ten percent is going towards tourism related activities, while the rest is directed towards sponsors, air travel and merchandising. To understand the magnitude of this number, the final of the Champions League in Cardiff generated 50m euros for the local economy, while the equivalent number was 25m euros in 2016 in Milan for the same game. “This is something that is very good for Madrid and the global audience will be 200 million people so we want to show the world what Madrid is all about,” said Juan Lazaro, president of the Business Confederation. Madrid will soon be cashing in after the madness of an incredible occasion eventually ends with Spain’s capital profiting from a game that will be the main focus of world football. This story was originally published by Marca Share this:Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Skype (Opens in new window) Related Related Topics:Featured Up Next Every Premier League team’s most underrated player, including Georginio Wijnaldum at Liverpool and Granit Xhaka and Arsenal Don't Miss Deported Boca ultra: I was travelling to Madrid for Christmas, not to go to the match Continue Reading You may like Celebs hawking Cîroc vodka didn’t mention paid ad deal: FTC How Eddie Redmayne Inspired Glossier’s Best-Selling Cleanser Meng Wanzhou: Trump could intervene in case of Huawei executive Follow Us On Flipboard Magazine. Latest U.S. Politics20 mins ago Celebs hawking Cîroc vodka didn’t mention paid ad deal: FTC Sean “Diddy” Combs helped to make Cîroc a best-selling vodka — but he and scores of other celebs never said... Business1 hour ago How Eddie Redmayne Inspired Glossier’s Best-Selling Cleanser Glossier, the hit e-commerce beauty brand that recently opened a flagship store in New York, announced Tuesday that it will... Local2 hours ago Meng Wanzhou: Trump could intervene in case of Huawei executive Image copyright Reuters Image caption Meng Wanzhou has said she will contest allegations of fraud Donald Trump says he could... Local3 hours ago ‘If you Google the word idiot, a picture of Donald Trump comes up?’ Google’s Chief executive Sundar Pichai went in front of US Congress to defend his company to lawmakers. He faced questions... Entertainment3 hours ago Duchess Meghan Gives a Sweet Nod to Father-in-Law Prince Charles Meghan, Duchess of Sussex on stage during The Fashion Awards 2018Tristan Fewings/BFC/Getty Images A sweet statement! Duchess Meghan gave a... Most Read Local1 week ago Wilder v Fury: Stunning draw in the WBC world heavyweight title fight Sports5 days ago Maurizio Sarri is steering Chelsea away from top four for second year running unless these changes are made, says Adrian Durham Sports5 days ago Who are the two best central defenders in the world?