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Context of 'February 2009: Real Madrid Maintains Lead in Rankings of Richest European Football Clubs'

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Real Madrid logo.Real Madrid logo. [Source: SoccerFiesta (.net)]Deloitte publishes its Football Money League rankings for the 2004-2005 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€275.7m)
(2) Manchester United (€246.4m)
(3) Milan (€234.0m)
(4) Juventus (€229.4m)
(5) Chelsea (€220.8m)
(6) Barcelona (€207.9m)
(7) Bayern Munich (€189.5m)
(8) Liverpool (€181.2m)
(9) Internazionale (€177.2m)
(10) Arsenal (€171.3m)
(11) Roma (€131.8m)
(12) Newcastle United (€128.9m)
(13) Tottenham Hotspur (€104.5m)
(14) Schalke (€97.4m)
(15) Lyon (€92.9m)
(16) Celtic (€92.7m)
(17) Manchester City (€90.1m)
(18) Everton (€88.8m)
(19) Valencia (€84.6m)
(20) Lazio (€83.1m) [Deloitte, 2/2006 pdf file]

Entity Tags: Celtic F.C., Fussball-Club Gelsenkirchen-Schalke 04, Real Madrid Club de Fútbol, Tottenham Hotspur F.C., Valencia, FC Barcelona, Newcastle United F.C., Bayern Munich, Arsenal F.C., Milan, Roma, Manchester City F.C., Everton F.C., Manchester United F.C., Chelsea F.C., Internazionale, Deloitte, Lazio, Juventus, Olympique Lyonnais, Liverpool F.C.

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2005-6 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€292.1m)
(2) Barcelona (€259.1m)
(3) Juventus (€251.2m)
(4) Manchester United (€242.6m)
(5) AC Milan (€238.7m)
(6) Chelsea (€221.0m)
(7) Internazionale (€206.6m)
(8) Bayern Munich (€204.7m)
(9) Arsenal (€192.4m)
(10) Liverpool (€176.0m)
(11) Lyon (€127.7m)
(12) Roma (€127.0m)
(13) Newcastle United (€124.3m)
(14) Schalke (€122.9m)
(15) Tottenham Hotspur (€107.2m)
(16) Hamburg (€101.8m)
(17) Manchester City (€89.4m)
(18) Rangers (€88.5m)
(19) West Ham United (€86.9m)
(20) Benfica (€85.1m) [Deloitte, 2/2007 pdf file]

Entity Tags: Benfica, Fussball-Club Gelsenkirchen-Schalke 04, Real Madrid Club de Fútbol, Tottenham Hotspur F.C., West Ham United, FC Barcelona, Rangers, Bayern Munich, Arsenal F.C., Newcastle United F.C., Roma, Manchester United F.C., Hamburg SV, Milan, Chelsea F.C., Internazionale, Deloitte, Liverpool F.C., Juventus, Manchester City F.C., Olympique Lyonnais

Timeline Tags: Football Business and Politics

Chelsea announces the club lost £80.2m in the 2005-06 season. The loss is far less than the season before, when it was around £140m, but is still the third largest loss in the history of English football. Total losses over the three years since Roman Abramovich bought the club now exceed £300m. [Reuters, 2/19/2007] Chelsea turned over €221m in the 2005-06 season (see February 2007).

Entity Tags: Chelsea F.C.

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2006-2007 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€351.0m)
(2) Manchester United (€315.2m)
(3) FC Barcelona (€290.1m)
(4) Chelsea (€283.0m)
(5) Arsenal (€263.9m)
(6) AC Milan (€227.2m)
(7) Bayern Munich (€223.3m)
(8) Liverpool (€198.9m)
(9) Internazionale (€195.0m)
(10) AS Roma (€157.6m)
(11) Tottenham Hotspur (€153.1m)
(12) Juventus (€145.2m)
(13) Olympique Lyonnais (€140.6m)
(14) Newcastle United (€129.4m)
(15) Hamburg SV (€120.4m)
(16) Schalke 04 (€114.3m)
(17) Celtic (€111.8m)
(18) Valencia (€107.6m)
(19) Olympique de Marseille (€99.0m)
(20) Werder Bremen (€97.3m) [Deloitte, 2/14/2008 pdf file]

Entity Tags: Roma, Tottenham Hotspur F.C., Valencia, Celtic F.C., FC Barcelona, Real Madrid Club de Fútbol, Bayern Munich, Arsenal F.C., Olympique de Marseille, Fussball-Club Gelsenkirchen-Schalke 04, Milan, Hamburg SV, Newcastle United F.C., Chelsea F.C., Internazionale, Deloitte, Liverpool F.C., Manchester United F.C., Olympique Lyonnais, Juventus

Timeline Tags: Football Business and Politics

Chelsea announces a loss of £74.8m for the 2007-08 football season. The figures show a 25 percent increase in turnover, to £190.5m, making the club second only to Manchester United in the Premier League, but the loss fell by only 7 percent compared to the previous season (see February 19, 2007). Chief executive Peter Kenyon allows that the club’s aim of breaking even by 2010 is “ambitious,” but adds: “I don’t think it’s something we are postponing, but it’s always been ambitious. We are determined to meet it, or get as close as we can.” [Guardian, 2/22/2008] The club will actually make a loss of over £70m in the 2009-10 season (see January 31, 2011).

Entity Tags: Chelsea F.C., Peter Kenyon

Timeline Tags: Football Business and Politics

The British retail chain Woolworths goes into administration with debts of £385m (about $580m). The administration was brought on by a cash crisis and a loss of backing by financial institutions that had lent it money, in particular Burdale and GMAC. It is the largest casualty of the global economic crisis in Britain so far, and its failure jeopardizes 30,000 jobs across the country. The British government had intervened to save the company, but only by encouraging last-minute talks between it and the lenders, which failed. No financial support from the taxpayer was offered. The administrator, the auditor Deloitte, appoints Hilco, a company specializing in reconstruction, to run the business. Hilco had been attempting to buy Woolworths before it went into administration. Deloitte says that stores will remain open during the Christmas period, and that it will attempt to find a new owner that can satisfy the company’s lenders. [Financial Times, 11/26/2008]

Entity Tags: GMAC, Deloitte, Hilco, Burdale, Woolworth Group PLC

Timeline Tags: Global Economic Crises

Deloitte publishes its Football Money League rankings for the 2007-2008 season. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€365.8m)
(2) Manchester United (€324.8m)
(3) FC Barcelona (€308.8m)
(4) Bayern Munich (€295.3m)
(5) Chelsea (€268.9m)
(6) Arsenal (€264.4m)
(7) Liverpool (€210.9m)
(8) AC Milan (€209.5m)
(9) AS Roma (€175.4m)
(10) Internazionale (€172.9m)
(11) Juventus (€167.5m)
(12) Olympique Lyonnais (€155.7m)
(13) Schalke 04 (€148.4m)
(14) Tottenham Hotspur (€145.0m)
(15) Hamburger SV (€127.9m)
(16) Olympique de Marseille (€126.8m)
(17) Newcastle United (€125.6m)
(18) VfB Stuttgart (€111.5m)
(19) Fenerbahce (€111.3m)
(20) Manchester City (€104.0m) [Deloitte, 2/13/2009]

Entity Tags: Real Madrid Club de Fútbol, Bayern Munich, Olympique de Marseille, Fussball-Club Gelsenkirchen-Schalke 04, Tottenham Hotspur F.C., VfB Stuttgart, Newcastle United F.C., FC Barcelona, Arsenal F.C., Milan, Roma, Manchester City F.C., Fenerbahce S.K., Deloitte, Manchester United F.C., Hamburg SV, Chelsea F.C., Juventus, Liverpool F.C., Olympique Lyonnais, Internazionale

Timeline Tags: Football Business and Politics

Chelsea announces that the club lost £65.7m in the 2007-08 football season, down from the £74m lost the previous season. The club generated revenues of €268.9m in the 2007-2008 season (see February 2009). Chelsea chief executive Peter Kenyon says, “There is no doubt that the positive upward trends of turnover and the continued reduction in losses shows that Chelsea is building a strong business base to build on in what will be challenging times.” [BBC, 2/13/2009]

Entity Tags: Chelsea F.C., Peter Kenyon

Timeline Tags: Football Business and Politics

Chelsea announces that the club made a loss of £44m the previous season. This is the smallest loss since the football club was taken over by Roman Abramovich in 2003 and was achieved despite a fall in turnover from £213.1m to £206.4m. Chief executive Ron Gourlay comments, “It is still our aim to be self-sufficient and we will achieve this by increasing our revenues as we continue to leverage off our brand.” [Guardian, 12/30/2009]

Entity Tags: Chelsea F.C., Ron Gourlay

Timeline Tags: Football Business and Politics

FC Moscow withdraws from the Russian first division just over one month before the football season begins. The withdrawal is announced by Sports Projects, a subsidiary of the club’s owners Norilsk Nickel. The reasons given for the withdrawal are that the parent company’s operations are based in other parts of Russia and support from Moscow city council is not forthcoming. FC Moscow was an offshoot of the famous FC Torpedo Moscow club and was founded in 1997. The club’s place in the league is to be taken by Alania Vladikavkaz. [CNN, 2/5/2010]

Entity Tags: Alania Vladikavkaz, Norilsk Nickel, FC Moscow

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2008-2009 season, in which Real Madrid was the first European club to earn more than €400m. The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€401.4m)
(2) FC Barcelona (€365.9m)
(3) Manchester United (€327.0m)
(4) Bayern Munich (€289.5m)
(5) Arsenal (€263.0m)
(6) Chelsea (€242.3m)
(7) Liverpool (€217.0m)
(8) Juventus (€203.2m)
(9) Internazionale (€196.5m)
(10) AC Milan (€196.5m)
(11) Hamburger SV (€146.7m)
(12) AS Roma (€146.4m)
(13) Olympique Lyonnais (€139.6m)
(14) Olympique de Marseille (€133.2m)
(15) Tottenham Hotspur (€132.7m)
(16) Schalke 04 (€124.5m)
(17) Werder Bremen (€114.7m)
(18) Borussia Dortmund (€103.5m)
(19) Manchester City (€102.2m)
(20) Newcastle United (€101.0m) [Deloitte, 3/2010 pdf file]

Entity Tags: Olympique de Marseille, Bayern Munich, Olympique Lyonnais, Roma, SV Werder Bremen, Tottenham Hotspur F.C., Newcastle United F.C., Ballspiel-Verein Borussia 1909 e. V. Dortmund, Arsenal F.C., Milan, Real Madrid Club de Fútbol, Manchester City F.C., FC Barcelona, Deloitte, Manchester United F.C., Fussball-Club Gelsenkirchen-Schalke 04, Chelsea F.C., Internazionale, Juventus, Liverpool F.C., Hamburg SV

Timeline Tags: Football Business and Politics

Chelsea announces a huge loss of £70.9m for the 2009-2010 football season, in which the club won the league and cup double. In the previous season the loss had been £44.4m (see December 30, 2009), although in the two years before that it was around £70m. Chelsea blames the loss on the amortization of player transfer fees, which means how much a player’s value in the accounts decreases over the length of his contract. Chelsea chairman Bruce Buck describes the results as “significant progress,” and cites what the club calls a “net cash inflow of £3.8m” as evidence. Buck says, “That the club was cash generative in the year when we recorded a historic Premier League and FA Cup double is a great encouragement and demonstrates significant progress as regards our financial results.” The same day as the loss is announced, Chelsea pays Liverpool a record £48m for Spanish striker Fernando Torres. [Independent, 2/1/2011]

Entity Tags: Bruce Buck, Chelsea F.C.

Timeline Tags: Football Business and Politics

Deloitte publishes its Football Money League rankings for the 2009-2010 season, in which the top 10 clubs are exactly the same, although in a slightly different order, as they were the previous year (see March 2010). The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€438.6m)
(2) FC Barcelona (€398.1m)
(3) Manchester United (€349.8m)
(4) Bayern Munich (€323.0m)
(5) Arsenal (€274.1m)
(6) Chelsea (€255.9m)
(7) AC Milan (€235.8m)
(8) Liverpool (€225.3m)
(9) Internazionale (€224.8m)
(10) Juventus (€205.0m)
(11) Manchester City (€152.8m)
(12) Tottenham Hotspur (€146.3m)
(13) Hamburger SV (€146.2m)
(14) Olympique Lyonnais (€146.1m)
(15) Olympique de Marseille (€141.1m)
(16) Schalke 04 (€139.8m)
(17) Atletico Madrid (€124.5m)
(18) AS Roma (€122.7m)
(18) Vfb Stuttgart (€114.8m)
(20) Aston Villa (€109.4m) [Deloitte, 2/2011 pdf file]

Entity Tags: Olympique de Marseille, Bayern Munich, Olympique Lyonnais, Roma, Tottenham Hotspur F.C., VfB Stuttgart, Milan, Aston Villa, Arsenal F.C., Manchester United F.C., Real Madrid Club de Fútbol, Liverpool F.C., Deloitte, Club Atlético de Madrid, S.A.D., Manchester City F.C., FC Barcelona, Chelsea F.C., Hamburg SV, Internazionale, Juventus, Fussball-Club Gelsenkirchen-Schalke 04

Timeline Tags: Football Business and Politics

Chelsea announce a loss of £67.7m for the 2010-2011 season, slightly less than the previous one (see January 31, 2011). There was a modest increase in revenues to £222.3m from £205.8m, thanks to Champions League and television income. Wages were down by £4.4m on last year and operating expenses down by £7m. The accounts contain an extraordinary item of £28m relating to the replacement of manager Carlo Ancelotti with André Villas-Boas in the summer. This means that Chelsea’s manager replacement costs have been around £64m in the last four years. In addition, the accounts reveal Chelsea paid £6.4m to Her Majesty’s Revenue and Customs to settle claims arising from a failed tax avoidance scheme that involved paying players not salary, but compensation for use of their image rights. The size and repeated nature of the loss means that Chelsea may have difficulty complying with UEFA’s financial fair play regulations, although the consequences of this are unclear. [Guardian, 2/8/2012]

Entity Tags: Chelsea F.C.

Timeline Tags: Football Business and Politics

Deloitte publishes its annual rankings of the richest clubs in European football. There is little change to the top 10, and the top seven clubs are in exactly the same positions as they were last year (see February 2011). The rankings of the top 20 European clubs and their football earnings are:
(1) Real Madrid (€479.5m)
(2) FC Barcelona (€450.7m)
(3) Manchester United (€367m)
(4) Bayern Munich (€321.4m)
(5) Arsenal (€251.1m)
(6) Chelsea (€249.8m)
(7) AC Milan (€235.1m)
(8) Internazionale (€211.4m)
(9) Liverpool (€203.3m)
(10) Schalke 04 (€202.4m)
(11) Tottenham Hotspur (€181m)
(12) Manchester City (€169.6m)
(13) Juventus (€153.9m)
(14) Olympique de Marseille (€150.4m)
(15) AS Roma (€143.5m)
(16) Borussia Dortmund (€138.5m)
(17) Olympique Lyonnais (€132.8m)
(18) Hamburger SV (€128.8m)
(19) Valencia (€116.8)
(20) Napoli (€114.9). [Deloitte, 2/2012; Press Association (London), 2/9/2012]

Entity Tags: Bayern Munich, Olympique de Marseille, Real Madrid Club de Fútbol, Roma, Società Sportiva Calcio Napoli S.p.A., Tottenham Hotspur F.C., Olympique Lyonnais, Ballspiel-Verein Borussia 1909 e. V. Dortmund, Arsenal F.C., Milan, Valencia, Manchester City F.C., Chelsea F.C., Manchester United F.C., Deloitte, Fussball-Club Gelsenkirchen-Schalke 04, FC Barcelona, Juventus, Hamburg SV, Liverpool F.C., Internazionale

Timeline Tags: Football Business and Politics

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