Real Madrid take top spot in football’s ‘Money League’

Real Madrid's Spanish defender Dani Carvajal (L) celebrates victory with teammates at the end of the Spanish League football match between Real Madrid CF and UD Almeria at the Santiago Bernabeu stadium in Madrid on Jan. 21, 2024. Real Madrid won 3-2. (AFP)
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Updated 25 January 2024
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Real Madrid take top spot in football’s ‘Money League’

  • For the first time since 2017-18, Real are in pole positon in Deloitte’s financial rankings with a reported record revenue of €831 million ($905 million), an increase of €118 million over the previous year
  • Commercial revenue represented the largest income stream for ‘Money League’ clubs for the first time since the 2015-16 season

LONDON: Real Madrid have climbed to the top of football’s ‘Money League’ as the Spanish side surpassed Manchester City to become the highest revenue generating club in 2022-23.

For the first time since 2017-18, Real are in pole positon in Deloitte’s financial rankings with a reported record revenue of €831 million ($905 million), an increase of €118 million over the previous year.

Although they failed to win La Liga last season — finishing 10 points behind champions Barcelona — and lost in the Champions League semifinals to Manchester City, Real’s growth is largely attributable to strong retail performance, higher stadium attendance and recovery of sponsorship income following the easing of COVID-19 restrictions.

Manchester City, who won the Premier League, Champions League and FA Cup last season, fall to second place in the 2024 rankings.

The club reported its highest ever revenue for a season, €826 million, and bolstered both broadcast and commercial revenues by 50 million euros and 26 million euros respectively.

French champions Paris Saint-Germain broke into the top three for the first time, with revenues of €802 million.

Barcelona are in fourth position as their 800 million euros revenue lifted them from seventh place, with club record licensing and merchandising revenues and fans returning to stadiums.

Commercial revenue represented the largest income stream for ‘Money League’ clubs for the first time since the 2015-16 season, excluding the COVID-19 impacted 2019-20 season.

Seventeen of the top 20 clubs reported a year-on-year increase in commercial revenue, with growth largely attributable to improved retail sales, revenue from non-matchday events and recovery of sponsorship income which had been impacted by the pandemic.

Tim Bridge, lead partner in financial experts Deloitte’s Sports Business Group, said: “Another record-breaking year for Money League clubs represents the ongoing financial might of the football industry.

“A high demand for live sport is pointing toward further growth for commercial and matchday revenues, in particular.

“As clubs appear to no longer be able to rely on exponential broadcast revenue growth, creating a more commercially focused business model will support them to achieve greater control over their financial stability.”

Liverpool have had the biggest fall of any club in the top 20, from third place down to seventh, after Deloitte found their revenue had dropped slightly from €694.7 million to 694.2 million euros.

Deloitte attributed that fall to the Reds’ on-field performance, with the club finishing fifth in the Premier League last season and bowing out in the Champions League last 16.

Manchester United dropped one place to fifth despite a healthier revenue figure than the season before.

Tottenham and Chelsea switched places compared to last year, with Tottenham up one place to eighth, while Arsenal held on to 10th position.


Spanish Super Cup in Riyadh was ‘amazing,’ says Atletico Madrid chief

Updated 15 May 2024
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Spanish Super Cup in Riyadh was ‘amazing,’ says Atletico Madrid chief

  • Andoni Moreno spoke to Arab News about Saudi Arabia hosting Supercopa de Espana, promoting the club’s brand in the region and Atletico’s famed academy

MADRID: In the bowels of Estadio Civitas Metropolitano, home of La Liga giants Atletico Madrid, adorning the wall of one of the club’s many conference rooms, is a poster of a player that many present-day followers of the club would struggle to name.

The Moroccan Larbi Benbarek — who represented his country of birth as well as France internationally — was not just one of the first players from an Arab or African background to became a successful professional in Europe, but arguably one of the most important figures during a golden period for the Madrid club.

From 1948 to 1953, the “Black Pearl” was one of Atletico’s finest players and, alongside legendary coach Helenio Herrera, played a pivotal role in landing consecutive La Liga titles in 1949-50 and 1950-51.

Andoni Moreno, the club’s commercial director, smiles as he points to Benbarek’s black-and-white photo, and says that these days the club’s links to the Middle East are far more widespread — from taking part in the Spanish Super Cup in the Saudi capital and a partnership with Riyadh Air, to Atletico jerseys being worn around the Kingdom and academy prospects from Morocco following in Benbarek’s footsteps.

“It (Spanish Super Cup) was amazing. I mean, when you see a full stadium following a national title, it was impressive to see the environment, the atmosphere, it was like a real derby, but in Saudi, so it was a great experience,” Moreno said. “And I think we had a great show, real competition match between Real Madrid and Atletico. Unfortunately, we didn’t win, but we were very close and the show for the fans, I think, was amazing, on site, on TV.”

Atletico lost 5-3 to Real Madrid in the first semifinal at Al-Awwal Park Stadium, before the recently crowned La Liga champions went on to lift the Super Cup with a 4-1 win over Barcelona.

“We were close but we couldn’t win, but I think the most important thing was that the experience for the fans was fantastic, was real. And I think it is one of the best ways to keep growing internationally, increasing our fan base,” Moreno said.

La Liga is working closely with clubs to push its brand name in Saudi Arabia and the Middle East, but just as importantly, to ensure that individual clubs are establishing their own identities across the region as well.

“We started to see Atletico jerseys in Saudi, and it was something that was almost impossible 10 years ago,” Moreno said. “So now you see the potential of the brand, with great activations on site, plenty of fans there, we had jerseys on site in Nike stores.

“We work very close with (La Liga), it’s part of the expansion plan. These kinds of activations, on site, watch parties, playing games, having your stars there. We did many activations with our main partner, which is Riyadh Air, so we visit the office, we visit touristic places, with legends like David Villa. This is part of ambitious strategy to develop our brand and to become bigger in the region.”

Such developments have been accelerated in no small part by the remarkable success Atletico has enjoyed under Diego Simeone, at a time when Real Madrid and Barcelona continue to be arguably the world’s two most popular clubs.

“The last decade or 12 years, I would say, it’s been incredible how the club has been able to keep growing, competing against these two big clubs in the same league, and also in a European international competitions,” Moreno said. “And it’s not easy, because we must be much more efficient. That’s the key, on the pitch and off the pitch, because the size in terms of followers, in terms of incomes, is more than double, but we have found the balance. Obviously the sport side is crucial, it’s the key, keep performing at that level, always qualify for Champions League (by being) third, even second or first, in La Liga.”

While Simeone’s team has many international stars, Moreno says an important factor in the team’s recent success is the club’s academy and intelligent scouting.

“One of our key pillars is the academy,” he said. “If you see our (first team) squad, we have currently four players from our academy. And then if you see some of the main clubs in Europe, there are many players coming from the Atletico Academy. This is one very important pillar. Of course, we go to the market, we see international players, and we have some stars. But this balance, this efficiency is very important for us. If you see our current squad, most of our players have been with us for a long period. So we try to keep them in order to have the sustainability on the pitch. Also our manager (has had) the longest period for a manager in Europe, I would say. It’s part of the success of the club.”

These days, there may not be a Benbarek — yet — at the club, but Atletico’s scouting department has maintained a link with players from North Africa, as it does with the rest of the world, over the years.

“We have done it for a long time,” Moreno said. “We have brought players from all countries to our academy. Thomas Partey, who’s playing in Arsenal, the Hernandez brothers (Lucas and Theo), they come from France, so we have had historically players from other countries. And now that we are getting more global, it’s important to have scouts everywhere, trying to find talent at the proper age.

“Our structure in the academy is huge, it’s one of the biggest academies in the world. We have more than 70 teams here in Madrid, so we have to manage a lot of boys and girls. We try to bring talent from everywhere,” Moreno said.

The 20-year-old Moroccan Abde Raihani recently made his debut for the first team, replacing Stefan Savic in the 2-0 loss to Deportivo Alaves. Another Moroccan, Salim El Jebari, 20, is also on the club’s books.

“(On April 21) we had a new player from the academy (Raihani) with an Arab connection, family. The Arab world is getting more and more powerful within the football industry. So obviously, it’s one of the key regions, markets, for players.”

Off the pitch, Atletico Madrid are also keen to strengthen their brand interests in the region, and in particular Saudi Arabia.

“We are trying to find the best global companies in each sector,” Moreno said. “Obviously, Riyadh Air, within the airline sector, for the coming future is going to be one of the key players, and we are very proud and happy to be their first sports partner. But of course we are very interested to keep growing in the region through companies, because for us it’s very important to have really relevant companies in different industries, because they are our speakers globally and in the region.”

Despite the recent defeat in the semifinals of the UEFA Champions League, Atletico Madrid have secured qualification for the first expanded FIFA Club World Cup next year, Mundial de Clubes FIFA 25, thanks to their record in the Europe’s top competition over the past four years. Moreno called being the only La Liga club, alongside Real Madrid, at the tournament in the US, a “milestone” and highlighted that Atletico could well face Arab teams there, including Saudi’s Al-Hilal, Egypt’s Al-Ahly, Morocco’s Wydad Casablanca and Tunisia’s Esperance.

Atletico will also have a stake in the 2030 FIFA World Cup being co-hosted by Spain, Portugal and Morocco.

“Our stadium is going to be one of the main stadiums in the World Cup,” Moreno said. “We have a very big project around the stadium for not only football, but sport and entertainment; it is going to be probably one of the best destinations for international fans. They want to come to Madrid, enjoy the city, enjoy all their activities apart from football, and also watch a World Cup match. For us it is very important, this World Cup, for the team (Spain) but also for the venue.”


Kroos criticizes match officials for offside call in Bayern-Madrid semifinal

Updated 15 May 2024
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Kroos criticizes match officials for offside call in Bayern-Madrid semifinal

  • “It’s bad handling. You have to let play continue,” the Germany player said in a podcast he runs with his brother Felix.
  • “I think the mistake is primarily the linesman’s”

BERLIN: Real Madrid midfielder Toni Kroos criticized match officials for their controversial offside call which benefited his team against Bayern Munich during the Champions League semifinals.
Bayern defender Matthijs de Ligt thought he’d equalized to send last week’s game to extra time when he fired the ball into Madrid’s net in the 13th minute of stoppage time.
But referee Szymon Marciniak had already blown his whistle after his assistant quickly raised his flag for a possible offside infringement.
Too quickly, Kroos said Wednesday.
“It’s bad handling. You have to let play continue,” the Germany player said in a podcast he runs with his brother Felix. “I think the mistake is primarily the linesman’s.”
Bayern were trailing 2-1 and needed a goal to force extra time to keep alive their hopes of reaching the final. UEFA tells match officials not to stop play immediately for tight offside calls. And TV replays showed it was a very close call.
“If he raises the flag now, the referee assumes that his linesman sees it exactly that way and trusts him that it was probably three meters offside,” said Kroos, who said he understood Bayern’s frustrations.
“The anger is justified because you just have to play the situation to the end, 100 percent.”
Kroos said he was unsure if Madrid defenders would have stopped de Ligt’s shot had there not been an intervention from the referee.
“I don’t know if there was a collective switching off because you could hear the whistle very early,” Kroos said. “You could tell the tension dropped among everyone who wanted to defend this goal.”
Madrid won the second leg 2-1 to reach the final in London on June 1.
Borussia Dortmund will try to stop the Spanish giant from claiming its 15th European title.


Real Madrid present Spanish league trophy to fans and then rout Alaves 5-0

Updated 15 May 2024
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Real Madrid present Spanish league trophy to fans and then rout Alaves 5-0

  • Coach Carlo Ancelotti used the regular starters again after giving them some rest in a 4-0 win at Granada
  • It was the ninth straight league win for Madrid and sixth in their last seven matches in all competitions

MADRID: Real Madrid presented their 36th Spanish league trophy to their fans at the Santiago Bernabeu Stadium on Tuesday, then followed up the celebrations with a 5-0 rout of Alaves that featured a pair of goals by Vinicius Junior and another by Jude Bellingham.

Federico Valverde and Arda Guler also scored for Madrid, who were yet to play at the Bernabeu since clinching the league two rounds ago. The club celebrated the title on Sunday through the streets of Madrid, but it couldn’t go through its traditional celebration at the Bernabeu because of a concert at the stadium.

They couldn’t celebrate when they clinched the title in advance with a win against Cadiz on May 4 because it had to play Bayern Munich a few days later in the semifinals of the Champions League, a game they won 2-1 to make it to the June 1 final against Borussia Dortmund in London.

“I’m really pleased with the team’s performance, we need to get into a good rhythm. We have a very important game left to crown our season,” Vinicius said. “We always enjoy wearing this shirt and playing for these fans at this stadium. My dream since I was a child was to play here and now we have the opportunity to deliver this victory for many kids who want to be here but can’t.”

Alaves’ players gave Madrid a guard of honor before the match, lining up near the sideline and applauding Madrid players as they entered the field. Madrid captain Nacho Fernandez stepped onto the field carrying the league trophy.

The other 35 league trophies were represented in images placed around the midfield circle.

Coach Carlo Ancelotti used the regular starters again after giving them some rest in a 4-0 win at Granada on Saturday.

Bellingham opened the scoring in the 10th minute, Vinicius scored his first goal in the 27th and Valverde found the net in first-half stoppage time. Vinícius got his second in the 70th and Guler sealed the result in the 81st.

It was the ninth straight league win for Madrid and sixth in their last seven matches in all competitions. They reached 93 points from 36 matches, 17 points more than second-place Barcelona.

Earlier, relegation-threatened Mallorca drew 1-1 at Osasuna, moving to 15th place and staying seven points from the demotion zone.

Girona missed a chance to overcome Barcelona for second place after a 1-0 loss to mid-table Villarreal at home. Girona stayed in third place after the loss, one point from Barcelona and five ahead of fourth-place Atletico Madrid.

Atletico visit mid-table Getafe on Wednesday, while Barcelona are at last-place Almeria on Thursday.


Haaland double puts Man City on brink of Premier League history

Updated 15 May 2024
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Haaland double puts Man City on brink of Premier League history

  • The build-up to the game in north London was dominated by a fierce debate over whether home fans wanted their own team to lose in order to leave City in the driving seat, with Arsenal their nearest challengers

LONDON: Erling Haaland scored twice to settle Manchester City’s nerves as the Premier League champions beat Tottenham 2-0 to take a giant step toward a historic fourth consecutive English title on Tuesday.
The Norwegian forward tapped home a pinpoint Kevin De Bruyne cross early in the second half to score City’s first-ever league goal at the Tottenham Hotspur Stadium and netted a late penalty to seal the three points.
It takes Pep Guardiola’s team two points clear of Arsenal at the top of the table and means victory at the Etihad against West Ham on Sunday will make them champions for a fourth straight season, regardless of the Gunners’ result against Everton.
No team in English top-flight history has ever won four titles in a row.
Defeat for Spurs also guarantees that Aston Villa will finish in the fourth Champions League spot, joining City, Arsenal and Liverpool in Europe’s top-tier competition next season.
The build-up to the game in north London was dominated by a fierce debate over whether home fans wanted their own team to lose in order to leave City in the driving seat, with Arsenal their nearest challengers.
The Spurs supporters made their feelings toward their bitter local rivals clear in the opening minutes, with chants of “Stand up if you hate Arsenal” ringing around the stadium.
Both sides settled quickly and Spurs had the first sight of goal when a raking ball from Pierre-Emile Hojbjerg found Brennan Johnson on the right.
Johnson squared for Rodrigo Bentancur, who unleashed a fierce shot that Ederson tipped over.
Spurs goalkeeper Guglielmo Vicario kept out Phil Foden’s close-range shot after 15 minutes with a strong right hand.
City, who came into the match on an unbeaten run of 21 matches, were short of their fluent best while Spurs struggled to put the finishing touches to their attacking moves.
The game opened up toward the end of the first period, with City defender Josko Gvardiol flashing a shot over the bar from a tight angle but the sides finished the opening 45 minutes with just one shot on target apiece.
Moments after the re-start Vicario was forced to dive full length to keep out a stinging De Bruyne effort while Son Heung-min went close at the other end after being found by Johnson.
But City broke the deadlock in the 51st minute when Bernardo Silva found De Bruyne in the box and the Belgian crossed for Haaland to slot home from point-blank range.
Thousands of Spurs fans chanted “Are you watching Arsenal” as the City fans celebrated in their corner.
The game then became disjointed as first De Bruyne was hurt by a Pape Sarr tackle on his ankle before Ederson took a blow to the head in denying Cristian Romero and was replaced minutes later by Stefan Ortega.
The German was called into action immediately, keeping out substitute Dejan Kulusevski’s close-range shot with his legs.
The visitors’ hearts were in their mouths when Son burst through with five minutes of normal time remaining but Ortega saved with his legs when he seemed likely to score.
Guardiola fell to the ground, clutching his head in disbelief.
Instead City were awarded a penalty when Pedro Porro brought down substitute Jeremy Doku and Haaland smashed home in the 91st minute to spark wild celebrations from the players in front of the City faithful, taking his league tally to 27 goals for the season.
Last year’s treble winners will prepare for Sunday’s finale knowing they stand just 90 minutes away from creating another slice of football history.


Abu Dhabi owners of Man City and Girona given options to meet Champions League entry rules

Updated 14 May 2024
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Abu Dhabi owners of Man City and Girona given options to meet Champions League entry rules

  • The teams have severely tested UEFA’s rules on multi-club ownership that guard against collusion in games
  • Failing to comply with UEFA’s rules with a proposal by June 3 should see one of the two teams, likely Girona, demoted to the second-tier Europa League

GENEVA: The Abu Dhabi investors in Manchester City and Girona have been offered divestment options by UEFA to let both compete in the Champions League next season by complying with integrity rules for teams that share owners.
Girona have made a stunning run to a guaranteed top-four finish in Spain’s La Liga, with three key players either loaned or sold via Man City’s influence including Brazilian star Sávio.
On merit, Girona will join Man City, the 2023 Champions League winner which will finish in the top two of the English Premier League.
But the teams have severely tested UEFA’s rules on multi-club ownership that guard against collusion in games.
Failing to comply with UEFA’s rules with a proposal by June 3 should see one of the two teams, likely Girona, demoted to the second-tier Europa League. The team finishing higher in their domestic league take priority.
According to a UEFA document seen on Tuesday by The Associated Press, two options are open to City Football Group (CFG), the Abu Dhabi-created operation with stakes in 13 clubs worldwide including 100 percent of Man City and 47 percent of Girona.
CFG could solve the problem by selling shares to an independent third party that reduces one ownership stake to below 30 percent, or transfer all shares in one club to a blind trust overseen by a panel appointed by UEFA.
The trustee could be picked by CFG in a UEFA-approved model that applied this season in a compliance deal for AC Milan, Toulouse and their United States investor Red Bird Capital.
The multi-club ownership issue for UEFA and CFG has loomed since Girona’s league-leading fast start in September.
UEFA declined comment all season pending Girona’s confirmed qualification in the Champions League this month.
On Tuesday, UEFA’s club finance monitoring panel wrote to soccer stakeholders to clarify updates to its multi-club rules for entry to European club competitions that were first drafted in the 1998-99 season.
Man City and Girona drew scrutiny for CFG having “decisive influence” over both because the Abu Dhabi operation holds at least 30 percent of the shares in both, and because of the clubs’ transfer dealings this season.
Girona seemed to meet the UEFA panel’s criteria for clubs that “transferred, permanently or temporarily, three or more players with the other club, directly or indirectly via related parties, during the season.”
Girona have two players on their squad who belong to other CFG clubs: Right back Yan Couto, on loan from Man City, and winger Sávio, on loan from French club Troyes.
Sávio is the revelation of the season in Spain. His dribbling and speed on the left flank has caused mayhem in opposing defenses. The 20-year-old has scored 10 times and is one of the league’s top assist-makers with nine passes for goals.
Couto has excelled in joining in the attack from his position of right back, delivering eight assists. Both are in Brazil’s squad for the end-of-season Copa America in the US
After completing a loan at Girona, City also then sold Venezuela midfielder Yangel Herrera to their sibling club last July.
Man City was bought in 2008 by Sheikh Mansour bin Zayed Al Nahyan, a deputy prime minister of the United Arab Emirates and a member of Abu Dhabi’s royal family.
The CFG was formed five years later, with Man City — by now a Premier League champion for the first time — acting as the flagship club in a worldwide portfolio that soon contained teams across multiple continents.
First came New York City in 2013, then Melbourne City in Australia’s A-League, Girona in Spain, Yokohama F. Marinos in Japan, Sichuan Jiuniu FC in China, Club Atletico Torque in Uruguay and Mumbai City in India joined the group, which also had a “collaboration agreement” with Venezuelan team Atletico Venezuela.
In recent years, the CFG has acquired stakes in European clubs Lommel in Belgium, Palermo in Italy and Troyes.