Live Post
Kerala high court clears CM Pinarayi in Rs 374 crore Lavalin scam case
Infosys jumps 3% on buzz of Nandan Nilekani's return
Gorakhpur tragedy: Top UP bureaucrat removed
Karti Chidambaram appears before the CBI in the corruption case
Kaifiyat Express derails in Auraiya district of UP, 74 injured
Bypoll: Voting underway in Panaji and Valpoi Assembly seats
Dhinakarans effigy burnt in Puducherry

Real Madrid is richest soccer club; World’s 20 clubs have average worth of $1.44 bn

MUMBAI: The 20 most valuable soccer teams in the world are worth $1.44 billion on average, 24% more than the top 20 teams were worth a year ago, reports Forbes.

The credit goes to richer television deals, such as the three-year $7.9 billion agreement for the English Premier League between Sky Sports and BTSport starting with the 2016–17 season and more lucrative uniform deals like $130 million-a-year arrangement between Manchester United and adidas.

Real MadridAt the top is Real Madrid. The club’s current value is $3.65 billion and the revenue is $694 million. Operating income is $162 million. During the past decade, Real Madrid’s revenue has increased at a 7.7% rate annually, underpinned by the Champions League play and sponsorships with adidas and Emirates.

In the second spot is Barcelona. The current value is $3.56 billion. Revenue is $675 million while operating income is $108 million. Last year, Barcelona became the only team to win the treble (League, Spanish Cup and Champions League) twice (2008–09 and 2014–15).

According to Forbes, despite a slump in fortunes on the field, Manchester United is third. Their current value is $3.32 billion. Revenue is $625 million while operating income is $190 million. Its record commercial revenue ($317 million) for an English soccer team will surge due to its $1.1 billion, 10-year adidas kit deal that began with the 2015–16 season.

The German club Bayern Munich is fourth. Its current value is $2.68 billion while revenue is $570 million. Operating income is $60 million. In April 2015, Bayern Munich extended its kit deal with adidas for 10 years, through 2030, for $986 million.

In the fifth spot is Arsenal. The club’s current value is $2.02 billion and revenue is $524 million. The operating income is $122 million. During the 2014­–15 season, Arsenal had the highest match day revenue ($158 million) of any team, in part because they have the most expensive ($2,895) season ticket in the Premier League.

Manchester City ranks sixth. The current value is $1.92 billion. Revenue is $558 million while operating income is $131 million. Forbes noted that in late 2015, Chinese investors bought 13% of City Football Group in a deal that valued the team’s parent company at around $3 billion.

After them comes Chelsea. The current value is $1.66 billion. While revenue is $505 million, operating income is $25 million. Chelsea has submitted plans for a $785 million renovation of Stamford Bridge, which will be financed by the team’s owner and expand the seating capacity to 60,000.

Liverpool is in the eighth spot. The current value is $1.55 billion, revenue is $471 million and operating income is $115 million. Last season, Liverpool parent Fenway Sports Group converted $90 million of the team’s debt into equity and invested $60 million in a project that will significantly expand seating at Anfield.

Juventus is next. The current value is $1.3 billion. Revenue is $390 million and operating income $81 million. Juventus has won a record 31 Serie A titles and, during the 2014–15 season, generated $62 million in match day revenue, 25% more than the previous season.

Tottenham Hotspur rounds off the top 10 with a current value of $1.02 million. The football club’s revenue is $310 million and operating income $73 million. Tottenham Hotspur is in discussion to replace UnderArmour with Nike in a new kit deal, which would begin after the next season and would be worth over $45 million annually.