BusinessCompany NewsDeloitte: Red Devils slip further down rich list

Deloitte: Red Devils slip further down rich list

European clubs take over top spots

Glamour club Manchester United is no
longer among the two richest football clubs in the world following publication
of the Deloitte’s Football Money League list.

The club now trails behind
Real Madrid,
Barcelona and
Juventus.

United headed the money league for eight years until being deposed by Real
Madrid last year.

English clubs fill eight out of the top 20 spots in Deloitte’s table, based
on revenues generated during 2005/6.

On the positive side United remained the world’s most profitable club, making
a £49.7m profit in the year to June 2006.

‘Manchester United may be in fourth position this year but with the
completion of their stadium development we can expect them to move back up the
list in 2006/07,’ said Deloitte’s Paul Rawnsley.

Chelsea dropped a place to sixth despite their revenues rising to £152.8m
while Arsenal, helped by their appearance in the Champions League final, jumped
a place to ninth.

The other British clubs to make it into the list were Liverpool(10),
Newcastle United(13), Tottenham Hotspur(15), Manchester City(17), Rangers(18)
and West Ham(19).

Further reading:

How football got its finances wrong

Footballers’ wage dip just a blip

Deloitte finds football wages on the slide

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