
United Poised To Catch Spanish
Giants
Manchester United have been backed to challenge Spanish giants Real
Madrid and Barcelona for the title of richest club in the world by
business advisory firm Deloitte.
The latest Deloitte Football Money League saw United slip two
places to fourth in the table for the 2005/06 season based on
annual financial statements and other direct sources. Although they
were the highest-ranked of eight English clubs in the top 20, their
annual revenue of £167.8million was some way short of first-placed
Real (£202m) and runners-up Barcelona (£179.1m).
But according to Alan Switzer, a senior consultant for Deloitte,
the gap could be set to narrow significantly. He said: "There's a
couple of reasons why they've fallen down to fourth but it isn't so
much their performance, it's more the [impressive] performances of
their rivals. "Real Madrid and Barcelona are doing really well and
growing some of their revenues and agreeing new deals. "But in the
next couple of years the factors that will see them pushing back up
there will be the new Premiership TV deal, the new AIG sponsorship
deal - which is higher than their previous deal - and they'll also
see the full benefits of the extensions at Old Trafford this
year."
Deloitte director Paul Rawnsley agreed, pointing out that where the
list is based on revenue and excludes transfer fees, value added
tax and other sales-related taxes, Sir Alex Ferguson's side still
make more profit than any other club. "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.
"It is also notable that United remain the most profitable club
football operation in the world."
Despite Spanish dominance at the top of the list, no other Primera
Liga sides feature in the rankings whereas United are joined by
fellow Premiership sides Chelsea (sixth), Arsenal (ninth),
Liverpool (10th), Newcastle (13th), Tottenham (15th), Manchester
City (17th) and West Ham (19). Italy provides four clubs, Germany
has three and there is one club each from France and Portugal.
Rangers, meanwhile, represent the Scottish Premier League in 18th
place.
Television rights have become increasingly influential on the list
and with a newly-agreed deal set to take effect in England next
season, there could be an even greater accent on Premiership clubs
in future money leagues. Switzer said: "The Premier League's
recently concluded broadcasting deals may see English teams
contribute half of the top 20 clubs in 2007-08."