Manchester United now world’s richest club

Manchester United now world’s richest club

According to a report published by Deloitte, English club Manchester United generated the most revenue of any football club in the world last season.

Manchester United now world’s richest club

Manchester United now world’s richest club

United dethrone Real Madrid – who held the top spot for 11 years – after accumulating a record revenue of 689m euros (£515m) during the 2015-16 term.

According to the report, the Premier League club saw commercial revenue grow by 100m euros (£71m).

Combined revenue for the top 20 clubs during the 2015-16 season grew 12% to 7.4bn euros (£6.41bn) – a new record.

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It is the first time Manchester United have topped the annual Deloitte Football Money League since the 2003-04 season.

Meanwhile, Real Madrid drop down to third, behind Spanish rivals Barcelona, who remain in second spot.

German giants Bayern Munich move up a position to fourth and Manchester City also climb a spot to fifth – having generated 524.9 euros (£392.6m) – up from 463.5 euros (£352.6m) during the previous season.

Eight Premier League clubs make the top 20, with revenues totalling nearly 3.2bn euros (£2.4bn).

Source: Yen.com.gh

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