LONDON • European champions Real Madrid displaced Manchester United as the world's highest-earning football club after the Premier League side's underperformance on the pitch in recent seasons ate into their dominance off it.
United slumped to third place, below both Real and Barcelona based on revenue for the 2017-18 season, financial services firm Deloitte said in its annual Football Money League yesterday.
The Red Devils have been the wealthiest club for two of the past three years and eight times in the last two decades.
Clubs in the Premier League - which has the highest broadcast revenue - took six of the top-10 spots, but LaLiga's two biggest teams prevailed thanks to their Champions League prowess and supremacy at home.
The changing of the guard in football's financial list mirrors the contrasting on-field fortunes of United and Real of late. Santiago Solari's men have won the Champions League for the last three seasons while, in the same period, United have failed to get past the last 16.
Their annual revenue was also hit by a slump in the British pound, growing only 1.5 per cent to £590 million (S$1 billion). Real, on the other hand, surged 11 per cent to €751 million (S$1.1 billion).
A spokesman for United said the club were "not too concerned" about financial league tables from year to year as the team remain a top global sports brand by any measure.
Part of their confidence lies in the fact that the Premier League still dominates the money pile.
There are a further five English top-flight teams in the top 10, including Liverpool, Chelsea and Arsenal, with even relegation-threatened Newcastle making the top-20 cut despite going trophyless since 1969.
Tottenham, who are waiting to move into a 62,000-capacity stadium, re-entered the top 10 for the first time since the 2006-07 term.
Italian Serie A champions Juventus, meanwhile, dropped out of the top 10 for the first time since the 2010-11 season despite signing former Real talisman Cristiano Ronaldo in the close season.
Weaker broadcast revenue in Italy relative to other big European leagues means Juventus have to do better than their rivals in the Champions League to bridge the gap.
Manchester City and Paris Saint-Germain, who are backed by wealthy Middle East owners, are in fifth and sixth place.
Both are, however, facing claims they have breached the Financial Fair Play regulations, but City and PSG have denied any wrongdoing.
BLOOMBERG
Football: Man City surge clear through Sterling as Spurs suffer
Sheridan: Kyrie Irving on His Future: "Ask Me July 1" by Chris Sheridan @sheridanhoops NEW YORK — On the morning after the largest city in the NBA was turned upside down by the mind-boggling trade of Kristaps Porzingis to the Dallas Mavericks, the fallout was being felt most acutely by Kyrie Irving of the Boston Celtics inside Madison
Irving july 4 - YouTube
Can You Keep It? "You do have that moment of 'Oh my God, I won the lottery,'" said Holland, a marketing executive in Louisville, Kentucky. She didn't call her bank immediately.
How to Use Your Bank Account During Filing of Chapter 13
Football News -LONDON (AFP) - Willian insisted he had no intention of leaving Chelsea after his superb goal sealed a 2-1 win at home to Newcastle on Saturday (Jan 12).. Willian eager to stay
Willian eager to stay at Chelsea despite exit rumours - Pulse
A Spanish court on Wednesday acquitted former Barcelona president Sandro Rosell, who spent nearly two years in pre-trial custody, of money laundering. Rosell, his wife and four others, were accused of "large-scale money laundering" of close to EUR 20 million (USD 23 million) since 2006, relating to television rights and sponsorship deals in
Spain court acquits former Barcelona president of money
LONDON (REUTERS) - AFC Wimbledon delivered an FA Cup fourth-round shock as the League One strugglers humbled Premier League West Ham United 4-2 in a gripping tie in south-west London on Saturday
AFC Wimbledon humble West Ham in FA Cup shock
Solskjaer 'confident' of Man Utd miracle in Paris Ole Gunnar Solskjaer said his "confident" side could stage a Champions League fightback at Paris Saint-Germain this week after a dramatic 3-2 victory over Southampton on Saturday.
Solskjaer 'confident' of Man Utd miracle in Paris
While mentoring can be time consuming, it is often also very satisfying. Plus, when you are teaching others how to do their jobs, you may discover holes in your knowledge or skill set as you answer mentee questions. Identifying these gaps and addressing them will help you become better at your job. Additional reporting by Jacob Share.
These are the top 10 best and worst jobs for the future - CNBC
West Ham 0-2 Everton REPORT: Bernard and Zouma secure comfortable away win. The Toffees eased to victory at the London Stadium to leapfrog their opponents in the table
Everton F.C. - Wikipedia
Alexis Sanchez and Romelu Lukaku must both take their opportunity to Injuries open way for Sanchez and Lukaku to shine for United "They've been part of our training for a long time now
Injuries open way for Sanchez and Lukaku to shine for United
Klopp takes responsibility for Liverpool's 'long dry spell' Date published: Monday 2nd April 2018 2:00 Liverpool manager Jurgen Klopp takes some responsibility for the club's 'long dry spell
Magnificent Mane and Milner mask Salah's dry spell as
Football news - Huddersfield end losing run with 0-0 draw at Cardiff Bottom club Huddersfield Town ended their eight-match losing streak in the Premier League with a goalless draw at fellow
Football: Huddersfield end losing run with 0-0 draw at Cardiff
0 comments:
Post a Comment