Release today. 1. Manchester United - $2.235bn (£1.396bn) 2. Real Madrid - $1.877bn (£1.17bn) 3. Barcelona - $1.307bn (£816m) 4. Arsenal - $1.292bn (£807m) 5. Bayern Munich - $1.235bn (£770m) 6. AC Milan - $989m (£615m) 7. Chelsea - $761m (£473m) 8. Liverpool - $619m (£385m) 9. Juventus - $591m (£367m) 10. Schalke 04 - $587m (£365m) 11. Tottenham Hotspur -$564m (£351m) 13. Manchester City - $443m (£275m) Surprised United are on top considering all their debts. Man City are pretty low for what I'd expect.
Actually i'm not really. I'm more suprised Arsenal are above us. I'd also like to know how these figures are generated.
Well United have massive debts, but they're being paid off in manageable amounts so they still turn a profit each year. Given their squad/stadium/worldwide merchendising, I'm not suprised they're amongst the top but I expected Barca/Real to be much closer to them. As a rich list, I'm amazed we'll still in the top 10 tbh. Our owners aren't loaded, the squad isn't very valuable, our stadium is small, we're not in the CL and other clubs are catching up to us in worldwide appeal. ...and WTF are spurs doing up there? City only 13th? No idea how these figures are determined.
Man Utd doesn't have debt, their parent company does... it's not counted. Anyways The Glazers are looking to put 30% of Man Utd on the Singapore stock market which would wipe the debt clean off and keep the Glazers in power EDIT - Also, every club up there is pretty much guesstimation figures except ours as we were brought recently so it's easier to work out... funny how we were sold for £300 odd million have signed contracts with Warrior and had significant investment from LeBron James
Thought that idea had been binned of because too many investors were scared by the "hidden" debt eg where the glazers sourced the funding to pay down the very expensive PIK loans.
The Forbes list is the enterprise value. So the value of all the assets, which is equal to the debt plus the equity. To put that in context, if Liverpool took out $2 billion of debt tomorrow and stuck that $2 billion in the bank, that would make them the most valuable club in the world according to Forbes. Go figure. If it was just the equity value of the clubs then Real would be about $100 million higher than Utd. And Barcelona would be about as valuable as Liverpool cos they have about the same amount of debt as Utd do.
You always have to be very careful with such listings. Even though valuations are given in figures, you would be very hard put to justify them in accounting terms. Forbes themselves are fairly vague about the weighting given to their 'discussions' with bankers, suppliers, etc. They will not give any definitive statement about the mathematical compilation of their figures or their analysis of the debt situations in relation to income. However they can be considered as good indicators. If you look at the top 3 and weigh their income/debt situations then you may start to ask some questions. We all know that the debt levels surrounding Manchester United are truly staggering for a football club. However, the 'true' debt situations of both Real Madrid and Barcelona are very murky indeed given the involvement of both regional and federal governments. The same can be said for the financial standing of AC Milan given the involvement of Italy's former prime minister. Having given that note of caution it is still probably true that United are the richest club. Liverpool's performance is worthy of note as being quite incredible. The base of that calculation was the purchase price paid by FSG for the club which was well below the 'nominal market value'. Add to that there was no European income to be considered (and Forbes calculate that as more than the prize funding) and the small size of our stadium.
Pretty much as I expected, the biggest 3 clubs in the world take the top 3 slots with ease and I can understand arsenal seen as though their average season ticket is close to £1000 and they fill up their ground every week
IF the offer remains the same as the original, then it is unlikely to succeed as that offer has already been rejected by the majority of the largest investment firms operating in the Singapore market. That will mean an offer being made to private individuals. That was the major reason why the original offer was 'pulled'.
I thought it was based on valuations. The figures are basically the current market value of each club. Real Madrid top the revenue list followed by Barcelona and the United.
Really? I thought he was GIVEN a small percentage of shares as part of a bigger contract with FSG's promotion company. Do you have more details of this investment?
University of Southern California professor of sports business David Carter said that by investing in a property like Liverpool, LeBron mitigates the risk of signing on with a company that has not previously represented athletes. Read more at: http://www.nesn.com/2011/04/lebron-...athlete-in-prime-to-own-team-with-such-g.html If he 'invests' in LFC he put his dosh in the kitty.
The concept of Current Market Value is a very moveable feast as there is no nationally or internationally agreed standard by which it can be measured. Take Liverpool's situation 18 months ago. The cowboys put it at £800 million. The generally agreed figure was in the region of £500 million. However neither figure was close to that paid by FSG. I rest my case.
