1. Real Madrid ($6.07 billion)
For the second consecutive year, the list compiled by Forbes magazine recognizes the number one position of the Royal Madrid football team. From a total estimated value of about 5.1 billion USD a year ago, "Los Blancos" increased their assets by about 19% to reach a new figure of 6.07 billion USD in the list of the world's leading clubs in 2023".
Sixth Street and Legends bring Real Madrid 400 million USD
This achievement mainly comes from Real Madrid's titles on the field, but it is impossible not to mention the 20-year long-term contract signed with two financial investors, Sixth Street and Legends, bringing the team an income of up to 400 million USD.
Real Madrid succeeds on the pitch with many titles in 2022
Since Forbes began compiling its list of "The World's Richest Clubs" in 2004, Real Madrid has been ranked number one seven times.
2. Man United ($6 billion)
Ranked third in 2022, Man United has "overtaken" Barcelona to rise to number 2 on this list in the past year. This is also the first time that Man United's total value has reached the $6 billion mark, up 30% from just one year ago.
Man United's "value" reaches $6 billion for the first time
The Glazer family has owned the club since 2005 and are actively trying to sell the Red Devils for a price that could set a record for a football club. British billionaire Jim Ratcliffe plans to buy 60% of Man United's shares while the Arab billionaires want to take full control of the team for $6.3 billion.
3. Barcelona ($5.51 billion)
Despite the financial instability that has been publicized over the past few years, Barcelona still achieved a growth of about 10% in the year to reach the figure of 5.51 billion USD. The prospect of a decrease in revenue in the 2023-2024 season is entirely possible when they have to renovate the Nou Camp, losing an estimated 100 million USD/year during the upgrade of the stadium, which currently has only 55,926 seats.
Barcelona return to La Liga title
4. Liverpool ( $5.29 billion)
Fenway Sports Group took over Liverpool in 2010 for $360.5 million and the group's massive investments have increased the club's value more than tenfold over the past thirteen years. This includes a Premier League title, an FA Cup, two League Cups, a Champions League title, a UEFA Super Cup and a FIFA Club World Cup.
Liverpool have won many titles since 2010
According to The Athletic, in November 2022, FSG prepared a plan to sell the team for $4.8 billion but could not find a suitable partner, so they had to switch to transferring the majority of the team's shares.
5. Man City ($4.99 billion)
"The Blue Half of Manchester" made history in the 2022-2023 season by becoming the second English team to win three titles: Premier League, FA Cup and Champions League in one season.
Man City's strong growth in achievements and values
The team led by coach Pep Guardiola also increased rapidly in market value, from 4.25 billion USD to 4.99 billion USD in the past 12 months. According to Forbes , Man City is operating with the highest budget in the world at 175 million USD and generating the highest revenue at 815 million USD.
6. Bayern Munich ($4.86 billion)
It is no surprise that Bayern Munich is the only Bundesliga representative in the Top 10 list of the world's richest football teams with an estimated asset value of 4.86 billion USD. The "Bavarian Tigers" have just won their 11th consecutive national championship and are recognized as one of the best-managed football teams in the world when announcing after-tax profits in the context of the economy devastated by the COVID-19 pandemic.
Bayern Munich won 11 consecutive Bundesliga titles
According to Forbes, Bayern Munich currently earns $1.38 billion from television rights and $2.11 billion in commercial revenue while matchday revenue is $455 million.
7. Paris Saint-Germain ($4.21 billion)
In just the past 12 months, Paris Saint-Germain's "value" has skyrocketed by 32%, reaching $4.21 billion. Speaking to the media, chairman Nasser Al-Khelaifi emphasized: "We took over the team for only $76 million and created a PSG worth over $4.3 billion. It's a great business and there are many projects ahead for us with the team. Football or sports always have right and wrong decisions, but we are sincere, do our best and are proud of today's achievements."
PSG is the number 1 force in French football
Al-Khelaifi confirmed that he had rejected an offer to buy PSG for over 4 billion USD from a partner, but Qatar Sports Investment (QSI) was still willing to transfer 15% of the team's shares to anyone interested.
8. Chelsea ($3.1 billion)
The "ownership joint venture" between billionaires Todd Boehly and Clearlake Capital spent $3.1 billion to buy Chelsea from Russian owner Roman Abramovich in the summer of 2022. According to The Athletic, everyone knows that the new owners spent more than that on Chelsea, but Forbes can only evaluate the value of "The Blues" at the same price.
Chelsea go through a turbulent 2022-2023 season
Despite enduring a turbulent 2022-23 season, Chelsea's value has remained unchanged over the past 12 months and they have retained eighth place on the list.
9. Tottenham ($2.8 billion)
Despite only winning one League Cup title under billionaire owner Daniel Levy, Tottenham's value has increased over the years, helping them surpass other North London rivals, specifically Tottenham.
Tottenham await rebuilding under Ange Postecoglu
According to Forbes, Spurs have been the most profitable football club for the past three years after recording a revenue - earnings before interest, tax, depreciation and amortisation - of $414 million. Financial expert Kieran Maguire said Daniel Levy is a good owner rather than a good football manager. Levy built a stadium that is in the top two for matchday income in England, while his ability to sign commercial deals and control wages is absolutely outstanding.
10. Arsenal ($2.26 billion)
As one of six Premier League clubs in Forbes' Top 10, Arsenal moved up one spot from the 2022 ranking with a value increase of around 10%. However, their current value is still lower than in 2021 when the US magazine valued Arsenal at $2.8 billion.
Arsenal continue to rise strongly after a period of decline
Spotify CEO and Arsenal fan Daniel Ek attempted to buy the club in May 2021 but his $2.5 billion bid was rejected by Stan Kroenke.
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