The global economic standing of English clubs has been hit by the Sterling's slide against the Euro. According to the new figures, Real Madrid remain the richest club in world football as ranked by annual revenues, closely followed by Manchester United. Having won the Premier League and Champions League in 2008, United would have overhauled the Spaniards at the top of the Money League had it not been for the depreciation of the pound. And were it not for the effects of the fluctuation in the exchange rate, there would be nine English clubs in the top 20 rather than the seven that feature now. It has been suggested that the devaluation of the pound could even affect the ability of the top English clubs to attract the biggest names to the Premier League. Real Madrid's 4% revenue growth in 2007-08 is more modest than in recent years, the club has now doubled its revenues since 2002 and enjoys a lead of €41m [£36.8m] over Manchester United. Real Madrid increased revenue by €15m to take their total to €366m. Manchester United's performances on the pitch in 2007-08 resulted in a £45m (21%) increase to £257m. Third-placed Barcelona grew its revenue by €19m (6%) to €309m.
Sunday, March 15, 2009
Real Madrid : Richest Club in the World
The global economic standing of English clubs has been hit by the Sterling's slide against the Euro. According to the new figures, Real Madrid remain the richest club in world football as ranked by annual revenues, closely followed by Manchester United. Having won the Premier League and Champions League in 2008, United would have overhauled the Spaniards at the top of the Money League had it not been for the depreciation of the pound. And were it not for the effects of the fluctuation in the exchange rate, there would be nine English clubs in the top 20 rather than the seven that feature now. It has been suggested that the devaluation of the pound could even affect the ability of the top English clubs to attract the biggest names to the Premier League. Real Madrid's 4% revenue growth in 2007-08 is more modest than in recent years, the club has now doubled its revenues since 2002 and enjoys a lead of €41m [£36.8m] over Manchester United. Real Madrid increased revenue by €15m to take their total to €366m. Manchester United's performances on the pitch in 2007-08 resulted in a £45m (21%) increase to £257m. Third-placed Barcelona grew its revenue by €19m (6%) to €309m.
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