Despite enduring a difficult season, Real Madrid has overtaken Manchester United and been named most valuable European football club as per the research by KPMG.
The Spanish giants tops KPMG’s study of top sides’ “enterprise value”.
The report, based on the 2016-17 and 2017-18 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.
Following the success of the past three years, KPMG’s Football Benchmark team has launched the fourth edition of the football club valuation report ⚽
Stable growth and some turbulence in the ranking – click here to go to the full report ➡️ https://t.co/pKFYJNbRDj pic.twitter.com/10IrgOPP0a
— Football Benchmark (@Football_BM) May 28, 2019
According to the latest edition of Football Clubs’ Valuation: The European Elite, as prepared by KPMG, Madrid are valued at 3,224 million euros, ahead of United’s 3,207 million euros.
Barcelona rank fourth in the charts at 2,676 million euros having been overtaken by Bayern Munich.
??⚽ We've been named the most valuable football club in Europe according to 'The European Elite 2019' report, prepared by KPMG. #RealMadrid https://t.co/LcyUoMh4b4
— Real Madrid C.F. ???? (@realmadriden) May 28, 2019
Surprisingly, the Catalans devalued more than anyone else in the 30-team list, alongside Arsenal who are now eighth with a valuation of 2,008 million euros.
The list is dominated by English top six clubs including the Champions League finalists Liverpool and Tottenham Hotspur.
Top 10 European clubs by ‘enterprise value’
Real Madrid – €3.224bn
Manchester United – €3.207bn
Bayern Munich – €2.696bn
Barcelona – €2.676bn
Manchester City – €2.460bn
Chelsea – €2.227bn
Liverpool – €2.095bn
Arsenal – €2.008bn
Tottenham – €1.697bn
Juventus – €1.548bn
Source: KPMG