Abu Dhabi-owned Manchester City is the most economically powerful football club in the world, according to data from the Soccerex Football Finance 100.
The study ranks teams around the world based on playing and fixed assets, money in the bank owner’s investment potential and debt.
The Soccerex data notes that Manchester City, which the report called “one of the most famous cases of significant foreign investment changing a club’s status and potential, spent £215 million ($290 million) on player transfers over the summer, more than any other English club.
“Their owner’s high potential investment value is complimented by a strong performance by the club across each of the verticals,” the report added.
Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan has owned the club since 2008, when it the Abu Dhabi United Group (ADUG) purchased it from former Thai Prime Minister Thaksin Shinawatra for £210 million ($283 million).
Coming in second place was Arsenal, which has £766 million ($1.03 billion) worth of fixed assets following their move to Emirates Stadium in Islington from Highbury, the largest amount in world football.
Additionally, the club was found to have £300 million ($405 million) in the bank and the lowest net debt of any English team, at £8 million ($10 million). The report notes that the club was the financial capabilities to “invest significantly” in the transfer market.
English teams dominated the ranking’s top ten, with Tottenham coming in fifth place, Manchester United in Seventh, and Chelsea in ninth.
Newcastle, whose owner Mike Ashley is currently in discussions regarding a potential takeover by Dubai-based financier Amanda Staveley’s PCP Capital Partners, came in 36th place in the rankings.For all the latest business 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.
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