KPMG Football BenchmarkPandemic depresses the enterprise values of top European clubs
27.05.2021
Little variation in the standing, but dramatic changes in the financial performance – the overall conclusions of the sixth annual edition of the “Football Clubs’ Valuation: The European Elite” report, which ranks the 32 most prominent European football clubs based on their Enterprise Value (EV). Indeed, Real Madrid remained the most valuable club, while FC Barcelona overtook Manchester United for 2nd place. However, mostly due to the devastating impacts of the coronavirus pandemic,
for the first time in our annual reports, the aggregate EV of the top 32 clubs has decreased year on year. Real Madrid have retained their position as the most valuable European football club for the 3rd consecutive year, ahead of FC Barcelona and Manchester United.
In the top 10, Paris Saint-Germain moved up to the 8th position, overtaking Tottenham Hotspur, while Juventus returned to the top 10, replacing Arsenal, who have lost six positions since the first, 2016 edition of our ranking.
Atalanta, Olympique de Marseille and Fenerbahçe are new joiners in this year’s report, while West Ham United, Athletic Club Bilbao and Beşiktaş have dropped out.
After years of constant growth, the aggregate EV of the 32 top clubs has decreased by EUR 6.1 billion (-15%) year on year.Broadcasting and matchday income were impacted to the greatest extent by the pandemic, whereas commercial revenues slightly increased, mainly thanks to agreements signed before the start of the health crisis.
Only seven of the top 32 clubs reported a net profit, compared to 20 profitable clubs a year before.https://footballbenchmark.com/library/football_clubs_valuation_the_european_elite_2021