Real Madrid remains Europe’s most valuable football club

Real Madrid's Vinicius Junior (left) and Karim Benzema

Real Madrid’s Vinicius Junior (left) and Karim Benzema

PARIS: Real Madrid remain Europe’s most valuable football club despite the ever-growing dominance of the English Premier League, according to a report by Football Benchmark analysts released on Thursday.

The report lists the 32 most prominent clubs in Europe, calculates their value based on their annual accounts and assesses squad values.

Real, who meet Liverpool in the Champions League final on Saturday, have topped the table for the fourth consecutive year with a valuation of 3.184 billion euros ($3.4 billion).

That’s still less than their 2020 valuation, just before the pandemic, of almost €3.5bn, although the report indicates they were one of the few clubs to report a net profit in both seasons affected by the pandemic .

“Real Madrid have extended their lead at the top through continued sporting and commercial successes,” says the report’s author, Andrea Sartori.

It said Real lost €84m due to no matchday revenue and fans being locked out due to the pandemic.

However, Real have “made the best of the restrictions… accelerated work on the Bernabeu. It will be ready in late 2022 or early 2023 and will certainly give them a massive sales boost and potentially a competitive edge.”

Manchester United (€2.9bn) and Barcelona (€2.8bn) completed the podium, with Bayern Munich fourth and Liverpool fifth (€2.556bn).

Of the 32 most valuable clubs, only four (Ajax, Galatasaray, Porto and Benfica) are outside the five major European leagues of England, Spain, Germany, Italy and France.

Ten of the top 32 are English at a time when Premier League clubs dominate Europe.

“What drives English clubs to greater continental glory is their financial success,” reads the report.

“The Premier League’s total operating income of €5.1bn puts them comfortably at the top” while “what really sets them apart are highly lucrative transfer deals”.

Paris Saint-Germain has posted the highest overall value increase in the seven years since the first Football Benchmark report, up 153 percent to now more than €2 billion.

Most importantly, the report added, football is showing signs that the Covid-induced downturn is over.

“Last year’s financial results are still bearing the negative impact of COVID-19, while recent months have reflected solid signs of football returning to normal, particularly with spectators returning to stadiums and continued robust demand from sponsors and investors.”

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