Manchester United are the most valuable club in the Premier League and the third most across the world according to Brand Finance Football’s annual reports.
Man United is valued at £1.190 billion, only Barcelona (£1.280 billion) and Real Madrid (£1.286 billion) are ranked higher than the Red Devils.
These latest findings come during the global pandemic, with a large majority of clubs around Europe taking a big financial hit. United’s value has dropped by £143 million (-11%), whilst Real Madrid’s has decreased by £205 million (-14%), in comparison to last year.
The coronavirus economic crisis has not only affected how the game is been played but also the revenue streams for sports teams. No more tickets sales, coupled with a drop in merchandise sales and broadcasting. It’s been a tough time for sport teams.
Recall that Manchester United refunded around 50,000 season ticket holders at Old Trafford who paid £1.5m per game collectively, totalling £6m for the four games.