Real Madrid still a “unique club” as pandemic squeezes the purse

AT first glance, Real Madrid’s 2019-20 financials do not appear to be too troublesome, but with a major redevelopment plan for the Bernabéu Stadium in progress and a higher level of net debt, a 6% drop in revenues to € 715 million is arguably the start of the club’s near-term challenges. With expenses at a […]

Powerful Bayern in profit despite the virus

BAYERN Munich recently revealed a drop of around € 50 million in revenues in 2019-20 due  to the covid-19 pandemic, but the Bavarians’ financial statements make reasonable reading at this stage of the crisis.  Bayern made a net profit of € 9.6 million versus € 52.5 million in 2018-19. While matchday income would have been decimated […]

Atlético Madrid are flying – but what about the money?

WITH Spain’s big two struggling to live up to their illustrious names, Real Sociedad and Atlético Madrid have emerged as title contenders in the early months of 2020-21. While Sociedad have been boosted by the arrival of David Silva, Diego Simeone’s side are going through something of a reinvention and their new look is winning […]

The Europa evolution and the danger of quantity over quality

WITH THE Europa League about to undergo drastic change, culminating in the creation of the  Europa Conference League, UEFA’s lesser competitions may continue to lead an uncomfortable existence. The Champions League, for all its excitement and glamour, has already eradicated the European Cup-Winners Cup and devalued the Europa League. It is difficult not to feel there […]

United post a loss and look at the big picture

AT A time when the city of Manchester has been in the spotlight over the issue of lockdowns and monetary aid, Manchester United Football Club announced its financials for the 2019-20 season and revealed how the pandemic has affected its off-pitch performance. United’s total income was down almost 19% to £ 509 million, which on […]