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Clubs to lure corporate fans with flexible prices

Clubs will be increasingly prepared to lower prices to retain their prestige customers as the global economic crisis squeezes budgets.

"It's a buyers' market, and at clubs where corporate capacity is not sold out prices may be flexible," said Alex Byars, senior manager in the Sports Business Group at Deloitte.

"I see signs of contraction in corporate hospitality in 2009 and 2010," Marco Fassone, chief marketing officer at Juventus, told Reuters.

"I expect corporate hospitality to come under considerable pressure," said Paul Blakey, senior lecturer in sports management at the Northumbria University.

"On the corporate side, we are less challenged than others," Arsenal's new chief executive Ivan Gazidis said this week.

"Italian soccer clubs have not yet developed an adequate corporate offer," said Michele Costantini, marketing director at Italy's travel agency Sport Incentive Travel.

Juventus -- whose matchday income accounts for seven percent of the clubs' total revenues -- is trying to make up the difference.

"From 2011 we expect to increase our revenues from the stadium to about 30 million euros. We may still be far from British clubs revenues, but this means a lot to us," Juve's Fassone said.