Sunday, May 9, 2021

Richest football teams in the world expected to miss € 2 billion turnover

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The 20 richest football clubs in the world are set to run out of € 2 billion in turnover by the end of this season due to the pandemic, underscoring a grim prospect against which some teams are stepping up plans of a separatist “super league”.

Barcelona have been the highest-paid club, although their revenues fell 15% to € 715m in the 2019/20 season, according to Deloitte’s annual Silver League report, placing them just ahead their La Liga rival, Real Madrid.

But the consulting firm has warned that clubs will be missing € 2 billion in the 2019-20 and 2020-2021 seasons due to the loss of day and broadcast revenue.

Driven by victory in the UEFA Champions League, the best club tournament in Europe, the German Bayern Munich achieved a turnover of 634.1 million euros, which allowed him to exceed 580 million d ‘euros from Englishman Manchester United and finished in third place.

The faster resumption of Bundesliga play in the 2019/20 season, suspended due to the pandemic, also played a role in Bayern’s rise from fourth to third place. The faster comeback of the Bundesliga has allowed German clubs to recognize income, especially domestic broadcast deals, earlier than rival leagues.

Despite winning the Premier League and unlike Manchester United their participation in the Champions League that season, Liverpool could not finish higher than their English rivals in the Money League.

The € 8.2 billion in revenue generated by the top 20 clubs last season was a 12% drop from the previous one. Deloitte warned that the day’s income would likely remain negligible due to repeated delays in returning supporters to stadiums.

The losses raise the stakes as Manchester United and Real Madrid work on plans to restructure the elite competition in European football, in an approach that would radically change the finances of sport.

The founding clubs could be offered 350 million euros each to join the so-called super league, which would ensure places for 15 members and five more open to clubs able to qualify.

FIFA, the governing body of world football, has taken the proposals so seriously that they have warned that they will not recognize such a league. He also threatened to ban players participating in the World Cup, the highest level of international football.

Dan Jones, a partner at Deloitte, warned of “the disruption and risks associated with the super league” and said he was “basically pretty positive. . . this high performance sport will rebound well as we become more normal ”.

“It feels like people are trying to fix something that isn’t broken,” he added.

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