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Time of India
20-05-2025
- Business
- Time of India
The wealthiest football clubs of 2025 ranked
Image Source: Getty Real Madrid has achieved a record by making over €1 billion in a single year. According to the Deloitte Football Money League , this is the first time it has happened. According to the report, the top 10 clubs in Europe made €11.2 billion last season, mainly by selling tickets, participants from financial backers, and broadcasting rights. Real Madrid leads the money league once again For the second time, Real Madrid is listed as the most affluent football team on a worldwide scale. Advertising, business rights, and shirt sales during that season brought the club a total of €1,045.5 million. A big part of this jump came from the newly upgraded Santiago Bernabéu Stadium, which helped bring in more ticket revenue and new commercial deals. This is the ninth time in the last 12 years that Real Madrid has taken the No.1 spot in the Deloitte list. Their continued success on the pitch, combined with smart business moves off it, has kept them ahead of the competition. The club's loyal fan base, strong brand value, and global appeal are all part of what keeps the money flowing in. Also Read: Real Madrid stay alive in title race with last minute win in Li Laga Top 10 clubs collect record €11.2 billion According to Deloitte, the 10 highest-earning football clubs brought in a combined €11.2 billion during the 2023/24 season — a 6% increase from the year before. On average, each club earned about €560 million. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch Bitcoin và Ethereum - Không cần ví! IC Markets BẮT ĐẦU NGAY Undo Sponsorships and commercial deals made up the biggest chunk, around €244 million per club. Broadcasting added another €213 million, while matchday revenue averaged €103 million. Interestingly, ticket sales grew the fastest — up by 11% — as clubs charged more and improved the matchday experience with better stadiums and premium seating. Rank Team League Name Country Income 1 Real Madrid Spanish La Liga Spain €1,045.5m 2 Manchester City English Premier League England €837.8m 3 Paris Saint-Germain French Ligue 1 France €805.9m 4 Manchester United English Premier League England €770.6m 5 Bayern Munich German Bundesliga Germany €765.4m 6 FC Barcelona Spanish La Liga Spain €760.3m 7 Arsenal English Premier League England €716.5m 8 Liverpool English Premier League England €714.7m 9 Tottenham Hotspur English Premier League England €615.0m 10 Chelsea English Premier League England €545.5m For the first time since 2015, ticket income made up 18% of total revenue, showing that fans are still willing to pay more for live matches. Deloitte's findings show how modern stadiums and global marketing have turned top football clubs into money-making machines. Get IPL 2025 match schedules , squads , points table , and live scores for CSK , MI , RCB , KKR , SRH , LSG , DC , GT , PBKS , and RR . Check the latest IPL Orange Cap and Purple Cap standings.
Yahoo
12-05-2025
- Business
- Yahoo
The state of the Premier League is making everyone lose their minds
'Football makes people mad,' Sepp Blatter once said, and that never seems truer than when the football doesn't mean that much. Welcome to the Premier League's post-table period, where everything seems to have been turned on its head and you wouldn't necessarily guess where teams are from their feelings. There are some parallels with the post-truth era in politics in terms of perceptions, albeit with the significant caveat that very little of it actually matters. That is the entire point. There is so little to play for, and yet that very vacuum has seemed to make so many people around football more histrionically animated than if everything was going to the wire. The latter might at least have provided some focus. The last weekend's matches were a vintage set of post-table fixtures: on the beach but in the wars. There was so much that didn't seem to make sense. Most conspicuously, there are Manchester United and Tottenham Hotspur, directly above the relegation zone in 16th and 17th, respectively. That's despite their positions on the Deloitte Football Money League as the fourth and ninth wealthiest clubs in the world, as they stand on the brink of a Champions League return through Europa League final glory. One of Ruben Amorim or Ange Postecoglou could lift a historic trophy, but there they were openly discussing their own futures in such an agitated manner. Most visibly, there was a white t-shirted Evangelos Marinakis publicly berating the manager who has taken his Nottingham Forest from 17th to seventh. This was despite the shipping magnate temporarily placing Forest in a 'blind trust', due to his simultaneous ownership of both Olympiakos and Rio Ave and Uefa's rules on that, as a consequence of the Nottingham club's celebrated return to European football. Documents at Companies House show Marinakis has ceased to be a "person with significant control" at the club. He didn't display too much control of emotion after the 2-2 draw with Leicester City, anyway. Most emotionally, you wouldn't have thought Liverpool were celebrating a Premier League title, given the conflicted atmosphere that developed once parts of the club started booing Trent Alexander-Arnold. Two weeks of jubilation instead evolved into what looked like an angry club culture war. Even after that 2-2 draw, Mikel Arteta chose a spirited Arsenal comeback as the moment to berate his players for performance. That was only surprising in the context of the last two weeks, and comments he has made in opposite situations that have raised eyebrows. And that is one thing that should be stressed with all of these contrasts. There are complicated contexts, that shouldn't be overlooked. Take the Liverpool case first, since that is what even Jamie Carragher said would now dominate headlines. It has. The line that has developed throughout this controversy is that no one should tell the club's supporters how to feel, and that's perfectly fair. There are highly intimate local elements to this that only does close to it would truly understand. Except, you now have Liverpool's own match-going fans telling each other how to feel. Some who attended Anfield on Sunday have talked about arguments between supporters and a divisive atmosphere. One radio show featured a local in tears about the response. It should similarly be stressed that there's a significant difference between telling fans how to feel and outsiders understandably commenting on that reaction. It's a big story, at one of the biggest clubs in the world. These are the champions, a status that supporters have waited 35 years to properly celebrate. That memory will now, at least in part, involve this internal debate. What feels remarkable from the outside - and it should very much be emphasised this is the outside - is how a title celebration has led to this. Except, we all know this wouldn't have happened if the title was actually on the line. This is a direct product of the vacuum, but also the media-industrial complex around football. There's not much to really move people on the pitch, but the business can't stop. The afterglow of a title that would normally remain so warming can't last that long when the furnace demands more. Even Alexander-Arnold's announcement had to become 'an event'. To think that there was a moment when he seemed to want to deride the noise around his future by putting his hand to his ear. He's heard it now. So has Nuno Espirito, albeit directly in his face. Forest do still have something to play for given that they're going for the Champions League but, in normal circumstances, this would be a bonus ambition amid a great season. Sure, it's disappointing that they might miss out on qualification having in January been considered as potential title challengers. Any rational analysis would conclude the team has massively overachieved, and that's even in the context of Forest's wage bill shooting up after a points deduction for a breach of financial rules last season. And yet there was Marinakis, publicly berating his manager in scenes that are unprecedented even in the Premier League. This is what football has become. Even the absurdity of the Spurs and United seasons comes from the business of the game, and how financial incentives have ensured a Uefa rule where the Europa League also brings Champions League qualification. A trophy on its own apparently isn't enough any more, so both clubs have essentially played as if their top-seven wage bills aren't enough to fully compete on two fronts. An increasingly resonant line, relayed in this writer's book 'States of Play', was what a senior NFL figure told the Premier League's founding executives when they were on a fact-finding missions. 'If you think you've got problems now, wait until you have money.' Now, a season can't just play out. The machine around it all has generated more chaos than we would have anticipated. Even the most measured business people are driven to irrationality in football. Look at some of the decisions that both Sir Jim Ratcliffe and Daniel Levy have made. And yet that is also where two sides of this meet. One of the most fascinating aspects of the Alexander-Arnold story has been mild criticism for Arne Slot for bringing the right-back on, and contributing to the conflicted atmosphere. This is essentially asking an ultra-professional title-winning manager not play one of his best players when he's trying to win a match against next season's likely title rivals, because of the need to emotionally manage the crowd. By the same token, many Liverpool fans have been asked to put themselves in Alexander-Arnold's situation, and think about their own careers. Except, of course a fan obviously isn't going to think like a modern-day player. If they did, the professionals wouldn't earn anywhere near as much as they do, and some of these controversies wouldn't even arise. It is precisely these pure emotions that the business of the sport successfully seeks to capitalise; 'the commodification of feelings' as sports lawyer and former Everton player Gareth Farrelly put it. As befits the weekend, there is curiously some good and bad to this. Or, maybe more relevantly, there are occasionally moments when good seems bad and bad seems good. Emotion and fan irrationality are what drives sport. Capitalising all of that are what erodes it. This is never clearer than in this post-table period, and trying to make sense of a bizarre weekend.
The 42
08-05-2025
- Sport
- The 42
Two of football's richest clubs get one last shot at redemption
IT'S NOT OFTEN that a standalone game is guaranteed to drastically alter the perception of a team's season. The two sides competing in this year's Europa League final face the prospect of either abysmal failure or qualified success. As Mick McCarthy might say, both teams would bite your hand off if you had offered them Champions League qualification at the start of the season. But how one will achieve this feat has been unspectacular, to put it mildly. Domestically, Man United and Tottenham have had one of their worst-ever performances. In the Premier League, Spurs are 16th and on course for their weakest display since getting relegated in the 1975-76 campaign. They have equalled their record for most Premier League defeats this season with 19, and (per The Athletic's Jack Pitt-Brooke) one more defeat would see them emulate their nadir for a 38-game season, which stretches back to the 1912-13 campaign. Man United are just a point above Tottenham in the Premier League table and have had a similarly disastrous time. Some critics, including their manager Ruben Amorim, have suggested the current side are 'maybe' the worst Man United team in history. Should they fail to finish higher than their current position of 15th, it will be their poorest performance since their infamous relegation at the end of the 1973-74 season. There are plenty of contrasts as well as similarities with these big English clubs' predicaments. Despite their lowly top-flight positions, reaching the Europa League final can hardly be considered an overachievement. Man United were fourth in the latest Deloitte Football Money League while Tottenham were ninth, dwarfing the resources of Thursday night's beaten semi-finalists, Athletic Bilbao and Bodo/Glimt. Advertisement Uefa Conference League finalists Chelsea were the only other side in the top 10 who weren't competing in this season's Champions League, while of the remaining top 20, only Newcastle, West Ham, Lyon and Marseille failed to make the cut for Europe's premier club competition. Both Europa League finalists have significant sections of their fanbases calling for the owners to step aside, albeit for slightly different reasons. Spurs chairman Daniel Levy is not a popular figure at the club, and some fans were especially unimpressed when it emerged in the aforementioned Deloitte figures that the beleaguered team had the lowest wage-to-turnover percentage of all the clubs assessed at 42%. Aston Villa, by contrast, were at 96%. There is a widespread sense that, from a financial viewpoint, they are efficiently run, but on the pitch is a different matter. On the other hand, United's hierarchy have hardly been shy to spend lavishly on players. Since the Alex Ferguson era ended, they have signed countless footballers with big reputations — Paul Pogba, Zlatan Ibrahimovic, Cristiano Ronaldo (the second time around), and Angel Di Maria, to name a few. But few have worked out, though there have been occasional smart acquisitions like Bruno Fernandes and Amad Diallo that have contributed to sporadic successes. Since Ferguson's departure, they have won two FA Cups, two League Cups and one (for now, at least) Europa League. Spurs have claimed nothing of note during that same period. Their last major trophy was the League Cup in 2008, during Robbie Keane's time at the club. Yet the prevailing perception is that the North Londoners have, in a sense, had a more progressive last decade than United, having been in the wilderness for so long (their last league title win was in 1961). They had turned themselves from Premier League also-rans to Champions League regulars, with the high point of the 21st century undoubtedly their appearance in the final of the latter competition in 2019. Yet for the most part, they have been on a downward spiral since then. There was regular tension between Levy and Mauricio Pochettino, their most successful manager of modern times. The Argentine coach wanted to overhaul a squad coming to the end of its cycle following that memorable 2018-19 campaign. But there is a feeling that the manager was never fully backed, and a mixture of poor signings and misguided faith in players past their best contributed to their subsequent decline. The summer of 2019 was a watershed for the wrong reasons — they spent approximately €120 million alone on two signings, Tanguy Ndombele and Giovani Lo Celso, neither of whom worked out, as well as a further €61 million on Ryan Sessegnon and Steven Bergwijn, both of whom were peripheral players at best. United's many misguided purchases (Antony, Jadon Sancho, Donny van de Beek are among the more recent examples) have been well-documented. But perhaps the most costly example was the decision to retain Erik ten Hag last summer and award him with a new contract, after a surprise FA Cup triumph that papered over the cracks exposed by an eighth-place league finish. More damagingly, Ten Hag was allowed to spend over €200 million in transfers last summer before being dismissed in October as results failed to pick up. While the North London club have not quite been as excessive in their transfer business, they could face a near-identical dilemma in the coming months. Ange Postecoglou is under similar pressure with Spurs set for their worst-ever Premier League finish. The 59-year-old former Celtic coach has been widely tipped to follow in the footsteps of the three post-Pochettino failures — Jose Mourinho, Nuno Espírito Santo and Antonio Conte — and become Tottenham's fifth managerial dismissal in six years. But improbably, they are one game away from ending a 17-year wait for silverware. The rational decision would be to learn from United's mistake last year and part ways with Postecoglou regardless of the outcome, given that most of the evidence points to the Australian being ill-suited to the role. But the Ten Hag situation last year served as a reminder that in football, emotion often trumps logic. Another trophy win in his second season would substantially alter how Postecoglou is perceived — among the North Londoners' supporters at least — and it is not inconceivable that it would also save his job. Given their far greater trophy haul both historically and in recent times, the Red Devils will perhaps be slight favourites to prevail. That said, Spurs have emerged triumphant on the three previous occasions the teams have met this season, with an 8-3 aggregate score in their favour.
CNBC
05-05-2025
- Business
- CNBC
How CNBC calculated its Official Global Soccer Team Valuations 2025
CNBC's Official Global Soccer Team Valuations 2025 are based on revenue and earnings before interest, taxes, depreciation and amortization, or EBITDA, figures for the most recent fiscal year. CNBC's valuation results for the European teams are for the 2023-24 season, and for Major League Soccer teams, results are for the 2024 season. For the European teams, which report financial results in euros or pounds, CNBC converted revenue and EBITDA figures to U.S. dollars based on the average exchange rates during the 2023-24 season (1 euro = $1.0816; 1 pound = $1.2608). CNBC used an average exchange rate for the income statement because revenue and expenses are accrued over 12 months. Team values and debt figures have been converted to U.S. dollars using the exchange rate as of March 27, 2025 (1 euro = 1.0788; 1 pound = $1.2938). CNBC uses enterprise values — equity plus net debt — to measure team values. CNBC includes the economics of the team's stadium — but excludes the value of the real estate — based on comparable transactions and the expertise of sports bankers. Soccer teams in Europe can make a lot of money from winning their league title, or advancing far in the annual Union of European Football Associations, or UEFA, Champions League. They could also lose a lot of money by being relegated out of the top division of their respective domestic league. To the extent possible, CNBC's valuations consider prospective revenue changes due to current domestic league standings and Champions League prospects. Likewise, CNBC has attempted to capture stadium upgrades, which can add money via more tickets, hospitality and sponsorships, into our valuations. Sources for CNBC's Official Global Soccer Team Valuations 2025 include the teams' annual reports and documents; team executives and investors; research reports from banks and credit ratings agencies; and sports bankers. CNBC also used the annual Deloitte Football Money League report and Swiss Ramble to check figures. European teams break down their revenue into three categories: match day revenue, broadcasting revenue and commercial revenue. Match day revenue is largely derived from gate receipts, including ticket and corporate hospitality sales, as well as premium seating and membership revenue. Broadcasting revenue includes prize money and distributions from participation in domestic leagues, cups and UEFA club competitions, such as the Champions League. Commercial revenue includes sponsorships, merchandising, revenue from other commercial operations and non-soccer events. MLS teams do not break down their revenue into categories.
New York Times
17-02-2025
- Entertainment
- New York Times
Aston Villa's need to win. Now
Ozzy Osbourne's Crazy Train echoed around Villa Park before kick-off. It is a staple of Aston Villa's pre-match build-up and, as Aston's favourite son, the sound of Osbourne is a reminder of the club's roots. This week, Osbourne's band, Black Sabbath, confirmed their final ever gig (Ozzy is now 76!) will be at Villa Park in July. It will be the third concert the stadium hosts this summer, following Guns N' Roses and Kendrick Lamar, signalling another play to make the place an established music venue during football's off-season. Advertisement Each show will be revenue boosting, which is fundamentally at the heart of everything Villa do off the pitch. Manager Unai Emery, for that reason, is the key revenue driver, unlocking Champions League riches this season and making Villa an increasingly appealing club. Villa can afford to charge as much as £92 ($115.8m) per ticket for a home game against Brighton & Hove Albion (fine opponents, but not exactly Arsenal, Liverpool or Manchester United), or £70 as the cheapest seat for a fixture in the Champions League. They withstand external anger over pricing by quantifying the demand of supporters wanting to watch Emery's team. Through Emery's coaching acumen, every component of the club has received a boost since he was appointed in October 2022. He has the keys to the castle, equipping him with the environment he desires. Villa's recruitment is manager-led, with president of football operations Monchi and Damian Vidagany, director of football operations, tasked with placating him while ensuring the deals that get done can be accounted for on the balance sheet. In the recently-closed winter transfer window, Emery wanted Marcus Rashford and Marco Asensio. He got both, albeit on loan, with Villa covering all of Asensio's Paris Saint-Germain salary and, provided performance-related payments are met, up to 90 per cent of Rashford's Manchester United wage, which stands at over £325,000 a week. They are high-profile players of rich pedigree and Emery has an outstanding track record for maximising attacking talent. Last season, plans to redevelop Villa Park were shelved. Frankly, the 42,000-capacity ground is now too small and outdated to push revenues closer to comparable teams in the Premier League table. Villa's inclusion in the Deloitte Football Money League's top 20 richest teams was caveated by qualifying for this season's Champions League, with the broadcast revenue received a critical and telling contributor. In other areas, their revenue streams underline the gap — for example, Villa brought in €43m in commercial revenue, a figure dwarfed by Newcastle United (€89.7m) and West Ham United (€75.7m), neither of whom played in Europe at all this season. Advertisement Emery and other decision-makers concurred that redeveloping the stadium — which entailed the North Stand being knocked down — would have been an eyesore in a Champions League campaign. Fearing a three-stand stadium would remove home advantage and, from a financial perspective, lose the club money in the short term, the can was kicked down the road. By focusing on the present, Villa have gone all-in on being successful right now. And provided they are, things should look after themselves in the long term. The Asensio and Rashford acquisitions were eye-catching. Not only from a profile and pedigree perspective, but in terms of adding further burdens to a wage bill that was already teetering on the edge. Although Diego Carlos and Jhon Duran left permanently in that same window for combined fees of about £72million, the financial load was put back on, and increased, with Rashford and Asensio arriving. A staggering 96 per cent of the club's turnover was spent on wages last season. For comparison, the next highest in the world's top 20 teams for generating revenue were Chelsea, at 72 per cent. With Villa having three expensive loanees — which includes a £5million fee for borrowing Chelsea's Axel Disasi until the end of the season — there is little in the way of recovering money. Should each of the three fulfil their promise, Villa will likely be propelled into the Champions League again for 2025-26, guaranteeing another year of big revenues and helping to break through another profit and sustainability regulations (PSR) ceiling. That perceived risk is allayed by Emery's triumphs so far at the club and how he has extracted every ounce of his squad's talent. The supporters, rightly, adore their Spanish manager. He has given them magnificent nights in the Champions League and with Championship strugglers Cardiff City to come at home next week in the last 16 of an FA Cup already without Arsenal, Chelsea, Liverpool and Tottenham, there's an opportunity to go deep in that competition, too. Advertisement As for the Premier League, Villa are stuck in a sluggish cycle, yet to fully click. The 1-1 draw at home to third-bottom Ipswich Town on Saturday was another example of probable wins becoming draws and dropped points becoming all too common. An unbeaten home run of 12 league games masks the fact half those matches have ended all square. The one with Ipswich was arguably the most damaging, with Villa having played with an extra player for almost an hour following defender Axel Tuanzebe's sending-off. Profligacy in front of goal has curtailed league form and emphasised defensive shortcomings. Before Ipswich, Villa had underperformed their expected goals (xG) number by 7.61. Essentially, this meant they should have nearly eight more goals this season than they did. Emery's first success after arriving was solidifying the defence, critical in transforming a side who were relegation candidates then to deliver a top-seven finish six months later. This feels an anomaly considering the downward patterns since. Perceptions of Emery as a pragmatic manager are outdated — his squad-building suggests a more relaxed, free-wheeling approach. At half-time on Saturday, he introduced Ian Maatsen and Rashford. The latter played wide left, prompting a diversion from Emery's insistence on his left midfielder being a No 10 in possession. Villa operated within a 4-2-4 against Ipswich's 10 men, using Rashford and Donyell Malen in the wide areas and exaggerating just how attacking the team became. Villa appeared unnecessarily frenzied. With Emery loosening the chains, a sudden imbalance in attack emerged. They pushed greater numbers into the opposition box but were left open on the break. Ipswich stayed resolute and when they could, they attacked. Manager Kieran McKenna detailed later how he told his players they would get a chance in the second half, even though it was 11 vs 10, which duly came and was pounced upon by Liam Delap. Advertisement Asensio was creative and showed instant quality, while Rashford's free kick cannoned off the crossbar and led to Ollie Watkins netting the rebound to equalise. Emery was riled by suggestions Villa's structure suffered in the second half. He winced, shrugged and smiled, astonished by such accusations. 'You don't understand,' he said, explaining his team played forward too quickly, ceding possession and the ability to sustain attacks. Nonetheless, that second half characterised their league form: spluttering, stuttering and conceding. Every game now is played under the enormous pressure of increasing revenue while building a team that sustains Emery's progress and stays within PSR constraints. Quite simply, Villa need to win — now.
