Football Clubs' Valuation: The European Elite 2019


KPMG's fourth annual club valuation report ranks the 32 most prominent European football clubs according to their Enterprise Value (EV) as at 1 January 2019.

After three years of stability on the podium, this year brought some turbulence, with Real Madrid CF leapfrogging Manchester United FC at the top, and FC Barcelona slipping to the 4th spot, letting FC Bayern München take the 3rd position. Further changes among the top 10 include Tottenham Hotspur FC surpassing Juventus FC to reach the 9th position, and Arsenal FC dropping two spots to land in the 8th position, surpassed by Chelsea FC and Liverpool FC.