Skip to main content

Man Utd dethrone Real Madrid as cash kings

Manchester United’s relative failure on the pitch has not been reflected off it as for the first time in over a decade they top Deloitte’s Football Money League for revenue in the 2015/16 season.
United — who were last on top in the 2003/04 campaign — earned record revenue of 689m euros (£515.3m, $736m) — and dislodged Champions League holders Real Madrid who have ruled the roost for the past 11 years.
United’s topping of the revenue table — in a season where they failed to sparkle under Louis van Gaal in the league or the Champions League leading to him being sacked — is largely down to one thing according to Tim Bridge, Senior Consuiltant at Deloitte.
“It is the commercial power of Manchester United that takes them to the top of the league,” he told AFP.
More galling perhaps for Real is that despite passing the 600m euros barrier for the first time they also found themselves edged into third by bitter rivals Barcelona, who bettered them by just 100,000 euros — 620.2m euros to Real’s 620.1m — although the Catalan side have yet to top the table.
The top trio also filled the first three positions when Deloitte’s first published the league in the 1996/97 season with United topping then on £88m — pretty much the amount they spent on Paul Pogba almost 20 years later.
United’s reign, though, could be short-lived as they failed to qualify for the Champions League this season, even when figures from the huge Premier League TV deal that came into force this season are taken into account, according to Bridge.
“The TV deal will counterbalance some of it but much depends on where they finish in the league,” said Bridge.
“The truth is it will be a three-way battle next year mainly because United are not in the Champions League and the impact of the exchange rate (it was 1.33 euro to the pound when Deloitte did the 2015/16 table as opposed to Wednesday’s rate of 1.15) and weakening of the pound following the decision to leave the European Union.
“It will be challenging for them to stay on top next year.”
German champions Bayern Munich and Manchester City fill out the top five — French giants Paris Saint Germain dropping out of the leading quintet to sixth.
City’s appearance in the top five for the first time is on the back of reaching the Champions League semi-finals


Labels:

Comments

Post a Comment

Popular posts from this blog

Arsenal’s Wenger concerned by Chinese spending power

Arsene Wenger fears the huge wages being offered by big-spending Chinese clubs could cause problems when the Premier League teams look to negotiate new contracts with their star players.  Wenger is currently locked in talks with Arsenal duo Mesut Ozil and Alexis Sanchez as the pair reportedly seek parity with the best-paid players in the Premier League. The Arsenal manager is hoping for successful resolutions to those contract stand-offs, but he believes the money on offer in the China Super League may persuade the Premier League’s star names to ask for even bigger pay packets to stay in England. Chelsea striker Diego Costa has been linked with a move to China, with an offer of £600,000-per-week ($739,000) reportedly on the table for the Spain international. Two of his former Chelsea team-mates, Oscar and John Obi Mikel, have already moved to Super League outfits, while former Manchester United striker Carlos Tevez became the highest-earning player in the world when h...
Post a Comment
Read more

Hausa Tribe Accused Britain of disrespecting their Culture and Religion

The people of Hausa tribe react to BBC HAUSA Sexual behavior research done by   Claremont Graduate   University in California on facebook. According to the research, Bisexuals enjoys the pleasure of sex mother than anyone. Some Facebook users of the Hausa tribe accused Britain of disrespecting the culture and the religion of Hausa’s. One of the users,   Aminu adam tangar   wrote in hausa: I’m not surprised, the media organization belongs to Britain, but whatever is the case: they should learn to respect our culture and religion. (Translated) Hamza Danbatta   also wrote: This is totally against the hausa culture, if this media organization is really for Hausa listeners then you’re not trying at all, may God deliver you. (Translated)
Post a Comment
Read more

Record signing, Oscar lands in Shanghai to join SIPG

 Brazilian midfielder Oscar landed in Shanghai on Monday where the 25-year-old was set to smash the Asian transfer record with a reported 60 million euros ($63 million) deal with Shanghai SIPG. Dozens of supporters chanting club songs swarmed the former Chelsea player at the city’s Pudong airport. Oscar’s arrival in the Chinese Super League comes ahead of that of Argentina’s former Manchester United striker Carlos Tevez, who signed for Shanghai Shenhua in another big-money deal last week.  Tevez’s transfer fee was 10.5 million euros, according to the website transfermarkt.com, which tracks dealings in the sport, though the reported two-year contract of 38 million euros per season ($40 million) makes him the world’s highest salaried footballer. SIPG’s general manager on Monday dismissed concerns raised by state media of a market bubble in the super-rich Chinese league, arguing prices have to be higher to attract players away from big European leagues. “The leagu...
Post a Comment
Read more