By: The Financier
Date: 14 February 2008
Chelsea have joined the top five richest clubs on the globe according to Deloitte’s annual financial review of football clubs around the world. They join Real Madrid, Manchester Utd, Arsenal and Barcelona. However, a report in The Independent newspaper (14/02/08) has labelled Liverpool’s status in the rich list as “relative tiddlers”.
The Merseyside club earned some £133.9m for 2006-07 while Chelsea’s income was put at £190.5m for the same period. However, using a system that compares ‘like-for-like’, the figures for the top five are as follows;
£236.2m - Real Madrid
£212.1m - Manchester Utd
£195.3m - Barcelona
£177.6m - Chelsea / Arsenal
Chelsea’s income for the accounting period saw an increase of 28% which will offset the club’s losses – a figure that has come down year-on-year for the past three years.
The figures read;
2003-04 - £ 87.8m
2004-05 - £140m
2005-06 - £ 80.2m
Nick Harris report for The Independent goes on to say, “The data does not inspire Liverpool's hopes of challenging United, Chelsea or Arsenal any time soon. It also highlights the massive gamble Hicks and Gillett have taken in borrowing £350m. Without Champions' League income (£25m-plus), Liverpool would be losing large sums, something Hicks and Gillett cannot sustain.”
Harris also predicts that, with the new television deal money to be counted in the Deloitte reports for next season, clubs like Manchester Utd will be challenging Madrid for the title of the world’s richest side, with both Chelsea and Arsenal in hot-pursuit.
Date: 14 February 2008
Chelsea have joined the top five richest clubs on the globe according to Deloitte’s annual financial review of football clubs around the world. They join Real Madrid, Manchester Utd, Arsenal and Barcelona. However, a report in The Independent newspaper (14/02/08) has labelled Liverpool’s status in the rich list as “relative tiddlers”.
The Merseyside club earned some £133.9m for 2006-07 while Chelsea’s income was put at £190.5m for the same period. However, using a system that compares ‘like-for-like’, the figures for the top five are as follows;
£236.2m - Real Madrid
£212.1m - Manchester Utd
£195.3m - Barcelona
£177.6m - Chelsea / Arsenal
Chelsea’s income for the accounting period saw an increase of 28% which will offset the club’s losses – a figure that has come down year-on-year for the past three years.
The figures read;
2003-04 - £ 87.8m
2004-05 - £140m
2005-06 - £ 80.2m
Nick Harris report for The Independent goes on to say, “The data does not inspire Liverpool's hopes of challenging United, Chelsea or Arsenal any time soon. It also highlights the massive gamble Hicks and Gillett have taken in borrowing £350m. Without Champions' League income (£25m-plus), Liverpool would be losing large sums, something Hicks and Gillett cannot sustain.”
Harris also predicts that, with the new television deal money to be counted in the Deloitte reports for next season, clubs like Manchester Utd will be challenging Madrid for the title of the world’s richest side, with both Chelsea and Arsenal in hot-pursuit.
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