🚨💰| The Glazer family is spending £250,000 a week in legal and consultancy fees in a bid to sell a share of Manchester United to Sir Jim Ratcliffe.
— UtdActive (@UtdActive) November 26, 2023
[@MailSport] #MUFC pic.twitter.com/UKv6PjFbiP
Football is big business these days. The type of money being spent on players, agent fees, and even the purchasing of clubs is staggering, especially in top-flight divisions like England’s Premier League. For example, Todd Boehly managed to secure a £4.25 billion takeover of Chelsea Football Club as the Blues’ Roman Abramovich era came to an end. Boehly’s club are also responsible for the 2 highest British transfer fees – £106.8 million and £115 million, with both coming in 2023. Huge money is a massive part of modern football, that’s for sure.
Three Premier League sides make Forbes’ rich list
Given the large sums of money that are involved in English football, it probably doesn’t shock many to learn that three Premier League sides have made Forbes’ list of the world’s most profitable sports teams. These clubs are steeped in history and tradition; they take part in major competitions, and they’re regularly tipped for victories by football fans, be it during a passionate rant on YouTube ahead of a big game or after they assess the Paddy Power football odds. They’re essentially massive forces in the English game and they’re respected sporting organisations in their own right.
Additionally, experts and pundits alike struggle to look past these respective sides as they tend to possess an abundance of talent due to the funds they have at their disposal. Thankfully, football isn’t that simple, and more money doesn’t guarantee wins. So, staying up to date with the latest football tips can give insight into when one of these English giants is more likely to fall. While a behemoth in European football still holds the mantle as English football’s most popular club, We’re also seeing some emerging forces.
Both Manchester clubs feature in the top 10
It should come as no surprise to learn that Manchester United, arguably the biggest club in world football and the aforementioned behemoth we were referring to, are ranked fifth on Forbes’ list with a total operating income of $403 million. The Red Devils might not be experiencing as much success on the pitch, but they’re certainly fruitful off it. Alongside other sports teams, such as the Dallas Cowboys ($1.17B), who top the list, and the New England Patriots ($623M) in second, the Glazer-owned force have made the cut after a number of profitable quarters, all through some notable player sales and merchandise that is snapped up by their massive fan base around the world.
Manchester United’s fierce rivals, Manchester City, are also included in the world’s most profitable sports teams list. Ranked in 10th place with a profit of $329 million, Pep Guardiola’s treble-winning club is in fine company, with sporting royalty in the shape of the New York Giants ($333M) and the LA Lakers ($333M), who are both tied in eighth position, coming in just ahead of the Cityzens.
City have recorded staggering profits due to on-field success and a number of lucrative sponsorship packages, alongside large player sales, although it’s worth noting that the club are facing more than 100 charges of contravening the Premier League’s regulations. As of today, though, the most successful club in the modern environment is clearly thriving.
Tottenham are the surprise inclusion
While seeing both Manchester clubs on the list is hardly surprising, North London side, Tottenham Hotspur, are the shock inclusion on the list. Spurs actually rank higher than both City and United in third place and are officially English football’s most profitable enterprise after making over $414 million.
⚪️ Spurs chairman Daniel Levy: “If Harry Kane, one day, wants to come back to the Premier League and he wants to come to Tottenham — we would have the ability to re-sign him”.
— Fabrizio Romano (@FabrizioRomano) September 21, 2023
“You can’t look into the future. Who knows…”, told @Business. pic.twitter.com/vWbax328Sr
Despite the club chasing their first major trophy since 2008 when they won the League Cup, signs are certainly encouraging for a team that has a wonderful 62,850-seater, multi-purpose stadium that is the home of the NFL in the UK. Spurs have invested in infrastructure, they don’t spend astronomical sums on wages like Manchester United and Manchester City do, and they’re reaping the rewards in the process.
Disclaimer:
- As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
- Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976
- Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
- Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
- Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
- This article does not endorse or express the views of Qrius and/or any of its staff.
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