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3 April 1968
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 Posted: Thu Feb 14, 2008 3:08 pm Post subject: It's all about money |
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Spanish giants Real Madrid have topped a list of the world's richest football clubs.
According to business advisory firm Deloitte's Football Money League, Real remain on top of the league for the third successive year after their revenue increased by 20 per cent to £236million in the 2006-07 season.
"Real Madrid are still at the top after an impressive 20 per cent growth in revenue" - Paul Rawnsley
However, United enjoyed an even bigger percentage increase to come in second at £212 million, two places up on the previous season and ahead of Barcelona, Chelsea and Arsenal in third, fourth and fifth respectively.
The Old Trafford club had dominated the money league since its inception in 1996-97 before Real took over, and Paul Rawnsley, director of Deloitte's sports business group, believes it is only a matter of time before they resume their position at the top with the impact of their new television deal.
He said: "Real Madrid are still at the top after an impressive 20 per cent growth in revenue, but Manchester United closed the gap and have the potential to catch Real up and take that top spot possibly next season or the season thereafter.
"To some extent, that will depend on how they perform relative to Real Madrid in the Champions League."
The figures take into account revenue generated from ticket sales, broadcasting rights, merchandising and the like and illustrate the financial strength of the Barclays Premier League's top clubs.
Six English clubs - United, Chelsea, Arsenal, Liverpool (eighth), Tottenham (11th) and Newcastle (14th) - make the top 20, with Scotland's Celtic in 17th place.
Manchester City and West Ham, as well as Rangers, have dropped out from the previous season's list, but the Hammers, City, Aston Villa and Everton were within striking distance this time around.
In total, 20 clubs generated an overall revenue of £2.5billion in 2006-07.
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