The Sports Review

Real Madrid is identified as the richest football club in the world according the survey conducted by the accountancy firm Deloitte for the second consecutive year. The English clubs claimed three of the top five positions. According to Dan Jose a partner of the Sports Business Group, no other country has achieved this so far in the Football Money League. Manchester United reached the second position by climbing two places from last years position. Barcelona took the third position by dropping one place. Chelsea and Arsenal, the two English teams took the fourth and fifth places respectively.

Real Madrid got in to the first place by winning the Spanish league in 2006-07 seasons and this win caused an enormous increase in their revenue, it reached 261 million pounds by the end of the season. Manchester leaped in to the second position by winning the Premier League last season and it is expected that Manchester United can pose a challenge to Real Madrid in 2007-2008 season with the latest television deals for the Premier League. There is a net increase of 11% in the revenues of the first 20 clubs combined. The clubs in the top 20 position include six English clubs, four German and Italian clubs, three clubs from Spain, two from France and one Scotland.