PSG re­place Man City as most fi­nan­cially pow­er­ful club

Gulf Times - Gulf Times Sport - - FRONT PAGE -

French cham­pi­ons Paris Saint-Ger­main have over­taken Manch­ester City as the most fi­nan­cially pow­er­ful club in world foot­ball, the an­nual Soc­cerex Foot­ball Fi­nance 100 re­port showed. PSG topped the 2020 edi­tion with a foot­ball fi­nance in­dex score of 5.318, which is based on the value of the cur­rent squad, tan­gi­ble as­sets, fi­nance avail­able in their ac­counts, po­ten­tial owner in­vest­ment and net debt.

The study said PSG had re­duced their debt by 70mn eu­ros ($75.87mn) over the last year while City’s debt lev­els had in­creased by more than 90mn eu­ros.

Bay­ern Mu­nich came third with Tot­ten­ham Hot­spur and Real Madrid com­plet­ing the top five.

Manch­ester United fell eight places from last year to 16th in the re­port, mainly due to the de­pre­ci­a­tion in squad value and an in­crease in cash debt.

Europe’s elite sides ac­counted for 80 per­cent of the top 30 but al­most half of those clubs are owned by non-Euro­pean en­ti­ties, in­clud­ing or­gan­i­sa­tions and in­di­vid­u­als from the Mid­dle East, North Amer­i­can and South­east Asia, the re­port said.

“This year’s re­port paints a pos­i­tive pic­ture of foot­ball’s col­lec­tive fi­nan­cial health, but it also high­lights the grow­ing im­bal­ance be­tween the power of Europe’s mod­ern elite, with some of the game’s her­itage brands in dan­ger of be­ing left be­hind,” Philip Ge­gan, Soc­cerex man­ag­ing di­rec­tor, said.

“De­spite Europe’s dom­i­nance, foot­ball is very much a global game with in­vest­ment from foot­ball’s emerg­ing mar­kets very much un­der­pin­ning its con­tin­ued growth.”

The English Premier League is rep­re­sented by 18 clubs in the top 100, while the US Ma­jor League Soc­cer (MLS) was the next best with 17.

Los An­ge­les Foot­ball Club were rated high­est from the MLS in 18th spot ahead of lo­cal ri­vals LA Gal­axy at num­ber 22.

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