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For the first time in history, more than half of the 20 richest clubs in the world have come from the English Premier League, according to the Football League’s latest annual report.
Compiled by accounting firm Deloitte, Manchester City still top the list, with revenues of £619m from the 2021-22 season – ahead of Real Madrid (£604m) in second place. The most notable rise, however, is that Liverpool (£594m) climb four places to finish third and overtake Manchester United for the first time in the report’s 27-year history.
Liverpool increased their revenue by £106.9m last season, largely on the back of extra broadcasting income from reaching the Champions League final and being one of the few clubs to report more than £95m in matchday income, returning Post-pandemic fans.
Elsewhere, Deloitte’s FC Women’s Football League tops Femini’s FC Barcelona, with revenues of £6.7m, ahead of Manchester United (£5.3m) in second and Manchester City (£4.5m) in third.
However, it is the Premier League’s broader financial supremacy that makes the most striking news, with 11 of its clubs now in the top 20. This is the first time that one country makes up more than half of the teams in the Malian league. .
Football League Money Quick Guide: The Men’s 30 Best Shows
1 Manchester City 731 square meters Real Madrid 713.8 cubic meters Liverpool 701.7 meters 4 Manchester United 688.6 meters 5 Paris Saint-Germain 654.2 meters 6 Bayern Munich 653.6 meters 7 Barcelona 638.2 million 8 Chelsea 568.3 million 9 Tottenham Hotspur 523 million 10 Arsenal 433.5 million 11 Juventus 400.6 m12 Atletico Madrid 393.9 million 13 Borussia Dortmund 356.9 million 14 Internazionale 308.4 million West Ham United 301.2 million 16 Milan 264.9 million 17 Leicester City 252.2 million 18 Leeds United 223.4 million 19 Everton 213.7 million 20 Newcastle United 212.3 million 212.3 million 21 Aston Villa 3 Frankfurt 212.08 million 23 Million Brighton & Hove Albion 198.4 Million 24 Benfica 196.7 Million 25 Wolverhampton Wanderers 195.4 Million 26 Crystal Palace 188.9 Million 27 Ajax 187.2 Million 28 Seville 186.1 Million 29 Villarreal 178.7 Million 30 Southampton 177.7 Million
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“This dominance is unprecedented,” Zal Odwady, assistant director at sports business group Deloitte, told the Guardian. “It really comes down to the investment you see in the Premier League, its global appeal, and the growth in broadcasting rights. Other leagues have explored measures to fill this gap, including investment in private equity, but it is increasing.
“And if you expand the rankings to the top 30, there are 16 Premier League clubs there. It’s only a matter of time for all 20 English teams to appear in the top 30.”
Chelsea, Tottenham and Arsenal, who are eighth, ninth and tenth respectively, also occupy the top 10, while West Ham, Leicester, Leeds, Everton and Newcastle occupy the top 20.
Outside the Premier League, Barcelona and Real Madrid have yet to recover their revenues to pre-pandemic levels, with revenues for Spanish clubs falling €203m (£177m) and €43m (£38m) respectively from 2018-19.
FC Barcelona Femini lead Deloitte’s inaugural annual list of the Malian Women’s Football League. Photo: Urbanandsport/NurPhoto/Shutterstock
Timbridge, a senior partner in Deloitte’s sports business group, said the results raised questions about whether the Premier League would be caught. “The Premier League continues to attract millions of global followers and its member clubs enjoy a greater revenue advantage over international competitors,” he said. The question now is whether other leagues can fill the gap, likely by increasing the value of international media rights in the future, or whether the Premier League will be almost untouchable, in terms of revenue.
“The interest of the business partner, fans and investors in the Premier League is higher than ever,” he added. “While this points to optimism for further growth, continued calls for a greater distribution of English clubs’ financial wealth across the football system and the impact of the cost-of-living crisis make it all the more important for the game’s stakeholders to focus on their responsibility as stewards of the leading clubs.”
The Deloitte report was published just hours after outgoing Juventus chairman Andrea Agnelli warned that the Premier League’s dominance was bad for the rest of Europe. “I believed and still believe that European football needs structural reforms to deal with the future,” said Agnelli, one of the architects of a failed bid to establish a breakaway UEFA Super League alongside other top clubs in 2021.
“Otherwise, we are heading towards an inexorable decline of football in favor of the dominant league, the English Premier League, which over a few years will attract all European talent and marginalize others.”
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According to Deloitte, revenues for the world’s top 20 men’s clubs in 2021/22 totaled £8 billion, up 13% compared to 2021 – buoyed by fans returning after two Covid-stricken seasons and increased commercial revenue from English clubs.
For the top women’s clubs on the financial list, revenue averaged £1.8m. However, Bridge said he is broadly optimistic about the future of the women’s game.
“The women’s professional game is still close to the beginning of its journey,” he said. “But the major international tournaments of the past four years have attracted record-breaking crowds for women’s football, spurring clubs and leagues around the world to focus more on developing the women’s game.
He added, “The revenues achieved by the major clubs at this early stage indicate the great value that the women’s teams will bring to the clubs in the coming seasons, as their popularity and success continue to grow.”
Deloitte’s research found that clubs were looking to differentiate between the commercial supply of men’s and women’s teams, but more needed to be done to increase revenue.
“Future growth of the women’s game will depend on flexible strategies that detail valuable clubs and leagues looking to move away from brand partnerships, both individually and collectively, and the commercial rights structure,” said director Zoe Burton. In Deloitte’s Sports Business Group.
“Attracting new revenues to the women’s game will drive a virtuous circle, generating investments to fund club infrastructure, player wages, grassroots initiatives, and more, which will fuel growth in the women’s game for years to come.”
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