How much money does CrossFit move?
by Joaquín Meroño·
The functional training brand, which has 517 affiliated boxes in Spain, endures the consequences of the covid-19 pandemic
The good moment that CrossFit is going through means that some of its most representative figures, such as Mat Fraser, can earn large amounts of money
After more than 20 years of existence, the CrossFit functional training brand , promoted by the American businessman Greg Glassman , has been able to grow and develop in an incredible way, becoming present in a total of 158 countries around the planet, which which brings him millions in income from clubs that are allowed to use the CrossFit brand.
The numbers in Spain reflect a more than correct resistance of the world of CrossFit to the covid-19 pandemic, since only the loss of 1% of the boxes affiliated with this brand has been reported . With a total revenue of approximately $45 million worldwide from brand rights, CrossFit has become one of the most attractive economic storefronts in the competition arena, so it's no wonder the numbers economic that some of the most representative figures of this discipline enter, be it for sporting merits, advertising contracts or social networks.
How much money CrossFit generates
An empire valued at 4,000 million dollars . That is the legacy that Greg Glassman leaves behind after 20 years at the helm of the CrossFit brand. The American businessman resigned last summer as executive director of the brand , after some unfortunate statements on his social networks in full swing against racism 'Blacks Lives Matter'. He is replaced by Dave Castro , who is also the current director of the CrossFit Games .
Over two decades, the CrossFit brand has earned the trust of a total of 15,000 affiliated clubs across the globe. Each of these boxes must pay an annual fee of $3,000 for the right to use the brand . In addition, it is necessary to be a CrossFit coach a basic course through which the company ensures another way of economic income. The opening of the Open Series to the public is another of CrossFit's business channels, which allows user registration, at $20 per participation, to be able to compete professionally and even have the opportunity to reach the CrossFit Games, the most important of the company.
The arrival of the covid-19 has unfortunately meant the end of many sports centers, something that the CrossFit boxes, due to their own characteristics, have been able to overcome to a greater extent. “The perimeter closures in some communities have affected business, but many people have realized that they have to play sports. The capacity limitations affect all the CrossFit boxes , but it cannot be compared with the other gyms , because being industrial warehouses, we can maintain classes of fourteen people", comments Natalia Díez , general director of CrossFit in Spain to the web palco23 , a medium specializing in sports financial information.
Who are the highest paid CrossFit figures
The evolution of CrossFit, for which Greg Glassman has been one of the main managers, has led to an improvement in the economic conditions of its athletes, since not only the growth of the brand allows it to offer greater prizes to the winners of the competitions, but also In addition, the greater recognition of these figures offers them the opportunity to see their income increased due to the different contracts with advertising brands and even with their actions on social networks , among which Instagram and YouTube stand out.
Thanks to a study carried out by Money.co, you can find out what was an open secret: Mat Fraser , five-time CrossFit Games champion and recognized by the community as the greatest of all time (now retired from individual competition). , is number one both in terms of economic income and followers on Instagram and Youtube . With approximately 2.5 million followers on social networks, the American would pocket around $8,000 for each post on his social networks.
He is followed, with an average of 650,000 followers on social networks each, by Noah Olsen and the Canadians Brent Fikowski and Patrick Vellner. His income, well below Fraser's, is between $2,000 and $2,500 per publication.
In addition, it is necessary to take into account the economic amounts that are entered when entering the top 20 of the CrossFit Games . While the champion pockets almost $350,000 , the second and third place take home $128,000 and $89,000, respectively, with the minimum prize being $8,000. The economic amount does not vary between the male and female categories , demonstrating once again that CrossFit has no gender.