Top 10 European clubs by ‘enterprise value’
Real Madrid – €3.224bn
Manchester United – €3.207bn
Bayern Munich – €2.696bn
Barcelona – €2.676bn
Manchester City – €2.460bn
Chelsea – €2.227bn
Liverpool – €2.095bn
Arsenal – €2.008bn
Tottenham – €1.697bn
Juventus – €1.548bn
Source: KPMG
Real Madrid CF & Manchester United FC top KPMG report
Detailed analysis of the publicly available financial information for Europe’s 32 leading football clubs shows a combined Enterprise Value* of EUR 26.3 billion
Real Madrid CF and Manchester United FC top the list with an Enterprise Value of EUR 2.9 billion
The three highest valued clubs (Real Madrid CF, Manchester United FC and FC Barcelona) represent about a third of the cumulative value of all 32 clubs
English Premier League domestic broadcasting rights (now valued at EUR 2.4 billion per season) are having a significant impact on the value of English clubs
While football clubs are increasingly seen as valuable assets, with global fan bases, only 9 of the 32 clubs evaluated had a top range Enterprise Value of more than EUR 1 billion
KPMG Global