Real Madrid CF and Manchester United FC top list | KPMG | CY

Real Madrid CF and Manchester United FC top European table of KPMG’s football clubs’ valuation report

Real Madrid CF and Manchester United FC top list

KPMG has released ‘Football clubs’ valuation: The European elite’, a new ground-breaking report providing an indication of the value of the most prominent European football clubs.


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The report provides a detailed analysis of the publicly available financial information for Europe’s 32 leading football clubs, with their combined Enterprise Value of EUR 26.3 billion. The research revealed that only nine of the evaluated clubs have an enterprise value of more than EUR 1 billion, despite football clubs being seen as valuable assets with global fan bases.

The findings

The research conducted by KPMG found the three highest valued clubs to be Real Madrid CF, Manchester United FC and FC Barcelona. These clubs represent around a third of the cumulative value of all 32 clubs.

Overall, English clubs top the report in terms of Enterprise Value (EV) per country with a combined total value in excess of EUR 10 billion - which accounts for approximately 40 percent of the collective value of the 32 clubs valued.

Spanish teams, who have won all of Europe’s major club competitions for the past three years, follow suit with EV of approximately EUR 6.6 billion, buoyed by the two giants, Real Madrid CF and FC Barcelona, which together represent 85 percent of the Spanish pie and 21 percent of the total.

Spain is the only country represented by two clubs whose enterprise value exceeds EUR 2 billion each, while Germany had only three clubs valued amongst Europe’s top 32 with a combined value in excess of EUR 3.5 billion.

Read the full report

Further details on the value of these and other European clubs can be found on


For further information please contact:

Heloise Mgcina 

KPMG in South Africa
Senior Manager: Marketing and Communications
Mobile: +27 79 349 8102

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