Manchester United is the most valuable football club in the world - even though it's hardly winning anything
Reuters
Despite United's relative lack of success recently, the accountancy firm estimates it is worth around €2.9 billion (£2.2 billion; $3.24 billion), a testament to how strong the team's brand remains worldwide.
The findings also suggest that Manchester United is worth a lot more than its current $17 dollar per share New York Stock Exchange valuation, which translates to €2.5 billion, according to Bloomberg.
Real Madrid, which plays rival Atletico Madrid in the Champions League final on May 28, received the same valuation. The club recently topped Deloitte's football club rich list, with revenues of €577 million in the 2014/15 season.
English teams dominated KPMG's list, with 5 of the top 10 playing in the Premier League. Much of this is down to significantly increased broadcast earnings, which the report says surpasses the revenues by other leagues on the continent:
Thanks to a deal signed at the beginning of 2015 and despite the booming price of domestic broadcasting rights across Europe, the difference in terms of revenues among the leading European leagues and the English Premier League has widened significantly. The competition between Sky and BT Sport has led to a remarkable sum being offered: close to €2.4 billion per season for the 2016-19 period.
But increased TV revenues alone may not be enough to keep Manchester United in first place for long.
Despite winning the 2016 FA Cup, the team has had a trophy drought since manager Alex Ferguson left three years ago. It dismissed Louis van Gaal on Monday from coaching duties on Monday, with Jose Mourinho currently in talks to take his place.
KPMG's global head of sports Andrea Sartori told City AM that failing to qualify for the Champions League would cost United:
Real Madrid has been significantly more successful on the pitch than Manchester United in the past three years. It has played regularly in the final stages of the Champions League. Two years ago they won it, this year they're in the final. United are going to miss the revenue that comes from qualifying for the Champions League next season.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- SC refuses to plea seeking postponement of CA exams scheduled in May
- 10 exciting weekend getaways from Delhi within 300 km in 2024
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market