Barca replace Real as World’s richest club

Barcelona have overtaken Real Madrid to become the world’s richest football club, according to Deloitte’s Football Money League.
The Spanish champions saw revenue soar to €840.8 million (£741.1 million) last year – a record figure for any team and almost 10 per cent more than domestic rivals Real Madrid.
Manchester United remain the highest placed English club in the annual ranking, which is based on revenue and published today.
United recorded income of €711.5 million (£627.1 million) for 2018-19 but may soon find their status as the Premier League’s financial powerhouse under threat from Manchester City and Liverpool, says Deloitte.
Bayern Munich and Paris Saint-Germain complete the Football Money League top five, with City, Liverpool, Tottenham Hotspur and Chelsea the other English teams in the top 10.
Spurs are now London’s richest club after they enjoyed major revenue growth due to a run to the Champions League final and their move to the state-of-the-art Tottenham Hotspur Stadium.
Local rivals Arsenal dropped out of the top 10 as their continued absence from European club football’s elite competition saw income stagnate.
Barcelona’s ascent to the top of the rich list came as they won the Spanish title for an eighth time in 11 years and reached the semi-finals of the Champions League.
Their €150 million surge in revenue was rooted in off-field activity, however, and the club’s decision to bring merchandising and licensing operations in-house instead of farming them out to third parties.
This affords Barca greater control of how its products are sold and allows them to report associated income on a gross rather than net basis.
While not suitable a strategy for all clubs, rivals may take note.
“Bringing operations in-house was probably the biggest impact on their commercial revenue, which increased by 19 per cent to €383.5 million,” Izzy Wray of Deloitte’s Sports Business Group told City A.M.
“Other clubs will see those big numbers and may look to do an analysis of their own commercial structures to see whether it would make sense to bring operations in-house as well.”
The Catalan club are the first to record revenue of more than €800m and and their commercial revenue alone was greater than the total income of any club outside the top 11 on Deloitte’s list.