KPMG’s 5th annual club valuation report ranks the 32 most prominent European football clubs based on their Enterprise Value (EV) at 1 Jan 2020. This year’s report reveals that  #RealMadrid and  #ManchesterUnited maintained the 1st and 2nd positions, respectively, while  #FCBarcelona

have leapfrogged #Bayern and are now in 3rd position. Further major changes in the TOP10 this year include CL title holders #Liverpool advancing two spots to reach the 5th position, and #Arsenal dropping two spots again to land in the 10th position, down five spots in the ranking

since first edition of the report in '16. For the first time in analysis, there is no Italian club among these elites, as #Juve have dropped out of the TOP10, while #PSG have advanced two spots to land in the 9th position, thus re-joining the elite 10 for the first time since '16

The three most valuable clubs ( #Real, #ManUtd, #Barca) in the #KPMG ranking are worth over €10 billion. The overall EV of the 32 clubs has increased for the fourth consecutive year: the aggregate EV of these clubs has grown by 51% since 2016 #SportBusiness

#Liverpool have grown the most in absolute value (€1,385m) during the same timeframe. #PSG and #LFC have recorded the largest increase in percentage terms, respectively 45% and 27%. Two London clubs have recorded the biggest declines in TOP10: #Arsenal (-8%) and #Chelsea (-0,4%)

#ACMilan are the only club in KPMG 5-year analysis that suffered a decrease in EV from 2016 to 2020, showing a 3% drop. On club level, #OlympiqueLyonnais have seen their EV grow the most in these years (+193%), followed by #Tottenham (+158%) and #Inter (+146%) #SportBusiness

The Rossoneri have been suffering in terms of sporting results and revenue generation, both factors resulting in profitability issues. A qualification to the UCL in the forthcoming seasons would be pivotal toward stopping this negative trends

#Arsenal show the second lowest 4-year growth (+11%). Interestingly, despite their podium spots by absolute EV, we find #MUFC (+15%) and #FCBarcelona (+16%) among the bottom 5 according to 4-year EV growth in relative terms