04/25/24
March 03, 2004
Who's the richest football club of all?: Deloitte's Football Rich List 2004 (free download available March 10) ranks Manchester United at #1, based on 2002/03 season income of EU250m. Note: This list is not about what you spend, but what you bring in. According to the the Rich 20 press release, the list includes nearly-bankrupt Leeds (#16, EU92m). btw, Man U's income just beats the income of the richest US sports team, the NY Yankees (EU243m) (There's also a list of the 10 richest US sports teams in the press release). Now I know why Tampa Bucs owner Malcolm Glazer keeps upping his shares in Man U.
posted by worldcup2002 to soccer at 04:50 PM - 4 comments
This list is a bit stupid though: Leeds United 16th richest club in the world. Only £100m in debt. A lot of English clubs on the list, though. 7 English clubs 5 Italian 3 Spanish 1 Scottish 3 German 1 French I'm surprised Lyon are on there, to be honest.
posted by dng at 05:37 PM on March 03, 2004
dng: As the posted article says [emphasis mine]:
Dan Jones, director of the sports business group at Deloitte, said: "We look at turnover, all the money coming in from day-to-day football business operations - the best publicly available measure of financial muscle. "We don't consider outgoings or what someone might pay to buy the club. We use turnover because if a club has large revenues, and manages them well, the club will become rich. The well-publicised financial difficulties of some of these clubs are not caused by lack of revenue."Hahahahaha, that Dan Jones, he's got a wicked sense of humor. Fooker: I'm sorry, I didn't realize you worked for Toilette & Douche. Any post-traumatic stress flashbacks caused by this post are deeply regretted.
posted by worldcup2002 at 05:45 PM on March 03, 2004
You'd think, fan association protests aside, something has to give at ManUre soon, what with the horsie pair edging up to the 30% level at which English law would force them to bid for all the remaining shares, while Glazer is not so far behind now.
posted by billsaysthis at 06:28 PM on March 03, 2004
Thank you for bringing up my former employer... I think i'll go cry now.