By Staff writer
New Deloitte report says revenue of world's 20 highest earning clubs reached more than $7.8bn last season, up 14%
Abu Dhabi-owned Manchester City has been ranked the sixth richest football club in the world, according to the 18th edition of the Football Money League from Deloitte, the business advisory firm.
The report said the club, in which owner Sheikh Mansour has invested around £1 billion since taking over in September 2008, saw revenues for 2013/14 reach £347 million ($522 million), up from £271 million in the previous year.
The Premier League champions posted losses of £22.9 million for the year, after announcing losses of £197.5 million in 2010-11, £97.9 million in 2011-12 and £51.6 million in 2012-13.
Deloitte said revenue for the world’s 20 highest earning clubs reached £5.2 billion last season, up £669 million (14 percent) on the previous year.
For the tenth year running Real Madrid sit at the top of the money league with revenues of £459.5 million, followed by Manchester United, Bayern Munich, FC Barcelona and Qatar-owned Paris St Germain.
Dan Jones, partner in the Sports Business Group at Deloitte, said: “The growth experienced within the top 20 has been remarkable. Although only Manchester United and Real Madrid have gone past the £418.1m revenue marker so far, we predict that all of the top five clubs may reach that point by next year.
"Commercial and broadcast revenues are now more important than ever to clubs to enable them to compete financially and put the best talent on the pitch. This has led to further dominance from the ‘big five’ European leagues this year, with just Galatasaray making it in from outside of those leagues.”
Eight Premier League clubs are ranked within the top 20 this year, with Newcastle United and Everton joining the six English clubs in last year’s money league. Every club in the Premier League has made it into the top 40.
Austin Houlihan, senior manager at Deloitte, added: “Despite a poor on-pitch season in 2013/14, Manchester United’s commercial strategy of securing global and regional partners is delivering substantial growth. Their absence this season from European competition will be felt in next year’s Money League position, but if they can return to the Champions League in 2015/16 there is a strong possibility they could be top in two years’ time.”For all the latest sports news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.