EIGHT CLUBS MAKE DELOITTE LIST The Barclays Premiership has a total of eight
representatives in the Deloitte football money league - the list of the 20
wealthiest clubs in the world. Manchester United continue to set the pace in
England, although after eight years leading the way across the globe, they have
now slipped to second overall behind Real Madrid.
The Deloitte list shows that, in terms of revenue, Real have moved into the
lead earning £186.2million - £20million more than United - in 2004/05.
By comparison, United saw their earnings drop from £171.5million to
£166.4million after a couple of seasons on the field which were below their own
high standards in terms of success.
United are followed by AC Milan (£158million) and Juventus (£154.9million) in
the list, both clubs having benefited by recent broadcasting deals, while
Chelsea (£149.1million) have slipped a place to fifth.
Arsenal (£115.7million) have dropped from sixth to 10th place after failing
to match their fabulous unbeaten season of 2003/04, while Liverpool's Champions
League success saw the Reds rise from 10th to eighth, earning £122.4million.
Dan Jones, partner in the sports business group at Deloitte, believes that
Arsenal and Chelsea are now both in a position to challenge for a top three
spot.
He added: "The key to Arsenal's fortunes is moving to the new stadium next
season and that will make a huge amount of difference. It should transform
their revenue stream.
"Chelsea play by a different set of rules due to their funding, but it's a
free market and the issue is whether it's sustainable in the long term, which
is why they are working so hard on the aspiration to break even on their
day-to-day operations."
And Jones warned that United should not be written off.
He added: "It would be foolish to write their obituary. United may have
slipped off the top but it's worth remembering that they are still the most
profitable club in the world.
"They will have an extra 7,500 seats in their ground from next season which
will bring in more money, and if they can improve on the pitch they should have
good revenue growth for the next two or three years."
The list is entirely made up of European clubs, with Barclays clubs occupying
eight of the positions, Italian clubs five, three clubs from Spain, two from
Germany, Celtic (£62.6million) from Scotland in 16th place and Lyon from France
in 15th.
Newcastle United (£87.1million) are 12th in the list, Tottenham Hotspur
(£70.6million) 13th, Manchester City (£60.9million) in 17th and Everton
(£60million) 18th.
Deloitte Football Money League: revenue in millions of pounds, 2004/05 season
(2003/04 season in brackets).
1 (2) Real Madrid 186.2
2 (1) Manchester United 166.4
3 (3) AC Milan 158.0
4 (5) Juventus 154.9
5 (4) Chelsea 149.1
6 (7) Barcelona 140.4
7 (9) Bayern Munich 128.0
8 (10) Liverpool 122.4
9 (8) Inter Milan 119.7
10 (6) Arsenal 115.7
11 (12) Roma 89.0
12 (11) Newcastle United 87.1
13 (14) Tottenham Hotspur 70.6
14 (17) Schalke 04 65.8
15 n/a Lyon 62.7
16 (13) Celtic 62.6
17 (16) Manchester City 60.9
18 n/a Everton 60.0
19 n/a Valencia 57.2
20 (15) Lazio 56.1
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