Tuesday, 29 November 2022

Real Madrid is world's most valuable club at £4.1 billion

Real Madrid is world's most valuable club at £4.1 billion

Real Madrid is at the top of Forbes' list of football's wealthiest clubs.

The Spanish giant's team, who won the LaLiga title and have progressed to Saturday's Champions League final, will be flush with cash from both competitions when the total amounts are paid out.

They will take home more than £100m for reaching the European showpiece, and Los Blancos' value has risen 7 percent, seeing them leapfrog fierce rivals Barcelona, who topped the Forbes list last year.

Real have been renovating their iconic Bernabeu stadium to £675million but recently struck an important deal.

The club secured £301m from investment firm Sixth Street and Legends. The new partners 'acquired the right to participate in the operation of certain businesses of the new Santiago Bernabéu Stadium for twenty years.'

Sixth Street's deal is for two decades, and they have a 30 percent stake in the stadium operations.

The Covid crisis badly affected Real Madrid and Barcelona, particularly with the inability to fill the stadiums.

Read More: Diego Carlos transferred from Sevilla to Aston Villa for £26m

Renovations on the Bernabeu have been funded by JP Morgan and Bank of America, bringing the cumulative borrowing to £669m.

Real are the sixth most valuable sports team in the world after the Dallas Cowboys, New York Yankees, New York Knicks, Golden State Warriors, and Los Angeles Lakers, in that order.

According to Forbes, their old foes Barcelona have hit the headlines for huge debts and an unstable financial situation, but they remain the second most valuable football club.

FORBES' TOP 10 RICHEST FOOTBALL TEAMS

1. Real Madrid - £4.1bn

2. Barcelona - £4bn

3. Manchester United - £3.65bn

4. Liverpool - £3.54bn

5. Bayern Munich - £3.4bn

6. Man City - £3.3bn

7. PSG - £3.3bn

8. Chelsea - £2.4bn

9. Juventus - £1.9bn

10. Tottenham - £1.86b

Their whopping £364m shirt and stadium sponsorship deal with Spotify is a powerful shot. Barcelona reportedly agrees to a £763m deal with Goldman Sachs and All Sports Finance.

This would be in exchange for 30 percent of the club's broadcast money and revenues from the new stadium complex.

Barcelona is worth six percent more than last year and is tied with the New England Patriots as the seventh most valuable team.

The Premier League remains the wealthiest in terms of broadcast revenue, but Manchester United and Liverpool must settle for third and fourth respectively in the football clubs list.

There is enormous unrest from supporters who want the Glazers to sell up at United. The American owners are paying themselves £11m despite the horrendous performance on the pitch this season.

Premier League champions Manchester City was sixth on Forbes' list with a six percent rise last year.

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