REAL MADRID CLUB MAKES THE MOST MONEY IN FOOTBALL UEFA REPORT SHOWS

Fri 16 February 2024:

UEFA’s European Club Finance and Investment Landscape Report, released on Thursday, states that Real Madrid made more money than any other club in the world in the previous season.

According to the report, the Spanish giants made 841 million euros (905 million US dollars) in earnings during the 2022–2023 season, which is five million euros more than second-place Champions League and Premier League champions Manchester City.

Only two other clubs passed the 800 million-euro mark, with FC Barcelona earning 815 million euros and Paris Saint-Germain bringing in 807 million.

Although the two Spanish giants occupy first and third place in the ranking, the Premier League is the dominant competition, with five clubs – Manchester United, Liverpool, Tottenham, Chelsea and Arsenal – all making it into the top 10, and three more – Newcastle United, West Ham United and Brighton – in the top 20.

The Premier League as a whole earned 6,500 million euros, showing its financial muscle ahead of the 3,300 million euros of Spain’s La Liga and 3,200 euros from Germany’s Bundesliga.

The report said that Real Madrid has cut back on spending, with 320 million euros paid to players over the season. This was 31 percent lower than the 2021-22 season, after the club moved on big earning veteran players and focused on signing young talent such as Eduardo Camavinga.

Real Madrid has almost finished a long-term project to remodel their Santiago Bernabeu Stadium with a view to further increase revenue streams. The ground will also host an NFL game in 2025, while also being the venue for several important concerts, such as one from Taylor Swift, in 2024.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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