By Gavin Davids
The multimillion-dollar revenues keeping football’s most famous clubs afloat
It’s often said that money talks, and in football, that certainly holds true. The latest ranking of the 20 richest clubs on the planet by Deloitte’s Football Money League features the biggest names in the business.
The same 10 clubs populated the top 10 places in the Money League for the second successive year, with their combined revenues topping €4bn for the first time.
Measured on the day-to-day revenues from football operations, the list discounted the millions funnelled into the club by billionaire owners, and instead focused on the clubs’ fan bases, their attendance and broadcast audience figures and their on-pitch.
These numbers are fairly meaningless. The biggest revenue earners also tend to have the largest wage bill or else the highest debt to service their latest takeover. It is better to value clubs either through their profitability, net worth or net cash flow. Cash is king.
Fully agree, but then... things would look quite bad.
My accounting professor had a vey nice way of saying :
-Revenue is vanity
-Profit is sanity
-Cash is reality
I have very fond memories of him and kept this advice to heart.
Amont all the top ten:
Bayern Munich is the most cash rich!
The rest live on name and borrowed time!
Check the numbers....