Real Madrid and Man United top KPMG rich list
Sports
By
AFP
| May 26, 2016
Real Madrid and Manchester United are the richest clubs in Europe, according to a study by Dutch auditors KPMG.
Both clubs have been valued at 2.9 billion euros ($3.2 billion) according to KPMG, which looked at 32 major European clubs.
Barcelona were next in the list at 2.7 billion euros followed by Bayern Munich (2.1bn) and Arsenal (1.6bn).
The top three clubs together account for almost a third of the 26.3 billion euros total value of the 32 clubs, according to KPMG.
Despite little recent success on the European stage, English clubs make up 40 percent of the total value before even taking into account the £5.1 billion (6.7bn euros, $7.5bn) television deal that will kick in next season.
READ MORE
Ruto secures 16 helicopters from US amid aging fleet concerns
World Cup Qualifiers: Harambee Stars hit by injuries before Malawi and Ivory Coast clash
Kenya's Esports star Bilal clinches historic victory at African Championship in Nigeria
UN General Assembly declares 2026 as int'l year of women farmers
Harness nuclear science to quench thirst of water-starved populations
Why AFC must sing a new song as they seek to restore lost glory
About 420 families face eviction from disputed 63-acre prime land
Why nostalgia is a dangerous thing at AFC Leopards
Why Ingwe want to make 60 anniversary memorable
Judge extends orders on Sh4.6 billion land as woman distances herself from invasion
Spain's La Liga, which provided for the second time in three years both Champions League finalists and for the third year in a row Europa League winners Sevilla, comes next.