Manchester United Overtake Real Madrid, Barcelona As Top Earners In Europe
The Union of European Football Associations (UEFA) has named Manchester United as the biggest revenue earner for 2017 ahead of Spanish giants Real Madrid and Barcelona.
According to a report released by UEFA, the Old Trafford side earned more than all other European club sides in the last financial year after they witnessed a 32 percent increase in turnover.
This was enough to edge out other moneybags like Real Madrid, Barcelona and PSG to the top spot.
“This is in comparison to 16.9 billion the year before and 2.8 billion in 1996. However, the report acknowledged that nearly half that amount — 9.1 million euros — was generated by 30 clubs.”
“The financial gap between the elite ones and the rest was increasing. English Premier League television revenues were now such that mid-table Bournemouth earned the same as three-times European champions Inter Milan. Manchester United’s revenue for 2016 was 689 million euros, compared to 521 million euros in 2015.”
The top six on the earnings list had two English Premier League Clubs with Manchester United in 1st position, FC Barcelona and Real Madrid in 2nd and 3rd respectively, however, both with 620 million, Bayern Munich (592 million) in 4th, Ligue 1 leaders Paris St Germain in fifth place(542 million) and Manchester City (533 million) rounding off the Top 6.
Also, the operating profit of the Red Devils was also the highest with 232 million euros and followed by Real Madrid, PSG, Bayern Munich, Arsenal and Manchester City.
According to UEFA’s report, English Premier League clubs enjoy the highest revenues in Europe by a long stretch with each club averaging 244.4 million euros.
German Bundesliga clubs come in second with a distant 149.6 million per club while clubs in the top tier in Spain average about 126.3 million.
Italian Serie A clubs were only able to manage about 100.2 million euros in the last financial year while clubs in the Jupiler League (the Netherlands, 26.7 million euros) and Portuguese Liga NOS sides (20.3 million euros) both saw a massive drop in revenues.
UEFA President, Aleksander Ceferin commented: “As the guardians of the game, UEFA must ensure that football remains competitive even as financial gaps are augmented by globalisation and technological change.”