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Combined Revenues Of World’s Top Five Football Clubs Still $330M Below Pre-COVID-19 Levels

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Real Madrid's Portuguese forward Cristia

Over the last two decades, football became a massive cash-generating industry bringing millions of dollars of profit across Europe. However, the COVID-19 crisis produced a costly financial hit to European football leagues, causing their clubs’ revenues to plunge deep below 2019 levels.

According to data presented by SafeBettingSites.com, the combined revenues of FC Barcelona, Real Madrid, FC Bayern Munich, Manchester United, and Liverpool FC, as Europe’s five biggest football clubs, hit over $3.5bn in 2021, $330 million less than before the pandemic struck.

Considerable drops in broadcast and matchday profits triggered by lockdowns caused football clubs’ revenues to fall significantly amid the COVID-19 pandemic.

The Forbes data revealed that FC Barcelona ranked as the leader among the European football clubs, with $792 million in revenue in 2021, compared to $824 million two years ago. Despite that, the team value of the Spanish club increased by $800 million, rising from $4bn in 2019 to $4.8bn in 2021.

As the second-leading football club by revenue Real Madrid witnessed a much bigger financial loss in this period. In 2019, one of the most prestigious football clubs worldwide generated $896 million in revenue. Over the last two years, this figure plunged by $104 million to $792 million in 2021, a three times bigger loss than its largest competitor FC Barcelona.

The Forbes data revealed that Real Madrid also managed to increase its team value despite the financial losses caused by the pandemic, with the figure rising from $4.2bn to $4.8bn in two years.

As the third-largest football club by revenue, FC Bayern Munich also witnessed impressive revenue growth in recent years. Statistics show German club’s revenues more than doubled in a decade, jumping to over $751 million in 2019. However, the COVID-19 pandemic brought a costly hit to the club’s finances, with revenues falling to $703 million in 2021, a $48 million drop in two years.

Statistics show that the leading Premier League club, Manchester United, suffered the largest revenue cut among the top five European football clubs in this period. In 2021, the club’s revenues hit $643 million, $152 million less than in 2019.

As the fifth-largest football club on this list, Liverpool FC is the only club whose revenues increased in two years, rising from $613 million in 2019 to $619 million in 2021.

Over the last two decades, football became a massive cash-generating industry bringing millions of dollars of profit across Europe. However, the COVID-19 crisis produced a costly financial hit to European football leagues, causing their clubs’ revenues to plunge deep below 2019 levels.

According to data presented by SafeBettingSites.com, the combined revenues of FC Barcelona, Real Madrid, FC Bayern Munich, Manchester United, and Liverpool FC, as Europe’s five biggest football clubs, hit over $3.5bn in 2021, $330 million less than before the pandemic struck.

Considerable drops in broadcast and matchday profits triggered by lockdowns caused football clubs’ revenues to fall significantly amid the COVID-19 pandemic.

The Forbes data revealed that FC Barcelona ranked as the leader among the European football clubs, with $792 million in revenue in 2021, compared to $824 million two years ago. Despite that, the team value of the Spanish club increased by $800 million, rising from $4bn in 2019 to $4.8bn in 2021.

As the second-leading football club by revenue Real Madrid witnessed a much bigger financial loss in this period. In 2019, one of the most prestigious football clubs worldwide generated $896 million in revenue. Over the last two years, this figure plunged by $104 million to $792 million in 2021, a three times bigger loss than its largest competitor FC Barcelona.

The Forbes data revealed that Real Madrid also managed to increase its team value despite the financial losses caused by the pandemic, with the figure rising from $4.2bn to $4.8bn in two years.

As the third-largest football club by revenue, FC Bayern Munich also witnessed impressive revenue growth in recent years. Statistics show German club’s revenues more than doubled in a decade, jumping to over $751 million in 2019. However, the COVID-19 pandemic brought a costly hit to the club’s finances, with revenues falling to $703 million in 2021, a $48 million drop in two years.

Statistics show that the leading Premier League club, Manchester United, suffered the largest revenue cut among the top five European football clubs in this period. In 2021, the club’s revenues hit $643 million, $152 million less than in 2019.

As the fifth-largest football club on this list, Liverpool FC is the only club whose revenues increased in two years, rising from $613 million in 2019 to $619 million in 2021.

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Sport Business

Glazers Decline Sheikh Jassim’s $1.5 Billion Offer for Manchester United

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Sheikh Jassim

The Glazers family has turned down a $1.5 billion proposal from Sheikh Jassim, a wealthy businessman hailing from the Middle East, to acquire Manchester United.

This audacious attempt to acquire 100% ownership of the iconic football club has sent shockwaves through the sporting world.

Sheikh Jassim had envisioned a grand transformation for the Red Devils. His proposal included plans to build a state-of-the-art stadium, upgrade training facilities, make marquee player acquisitions, and embark on ambitious city and community regeneration projects.

He aimed to be the “dream owner,” promising a debt-free takeover and a brighter future for the club.

However, the Glazers, who have long been scrutinized by fans for their management of Manchester United, remained unyielding in their valuation standards.

Despite the lure of a substantial cash injection and the promise of clearing historical debts, they refused to accept Sheikh Jassim’s bid.

What makes this development even more remarkable is that Sheikh Jassim was the sole bidder willing to secure complete ownership.

Other potential investors, such as billionaire Jim Ratcliffe, had expressed interest in minority stakes, a scenario that would leave the Glazers in control.

Now, with Sheikh Jassim’s withdrawal, the future of Manchester United’s ownership hangs in the balance. The Glazers may reconsider Ratcliffe’s minority offer, but this could be a contentious issue, as a sale of a minority stake usually commands a higher valuation.

The footballing world watches with bated breath to see what direction the storied club’s future will take.

In the wake of this surprising turn of events, fans, pundits, and investors are left pondering the future of one of the most prominent football clubs globally.

Sheikh Jassim’s vision may have been grand, but it ultimately foundered on the rock of the Glazers’ expectations. The coming days promise to be filled with speculation, as the Red Devils’ destiny remains uncertain.

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Historic Joint Bid: Morocco, Portugal, and Spain to Co-host 2030 FIFA World Cup

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In a landmark decision that promises to unite nations and celebrate the beautiful game, FIFA has officially announced that the 2030 FIFA World Cup will be co-hosted by Morocco, Portugal, and Spain.

This historic event, marking the centenary of the FIFA World Cup, will see three continents and six countries come together in a display of unity and sportsmanship.

The FIFA Council, after extensive consultation with all confederations, unanimously approved the joint bid.

These nations will automatically qualify for the tournament, pending a successful bidding process conducted by FIFA and a decision by the FIFA Congress in 2024.

Adding to the historical significance of this event, a unique centenary celebration ceremony is set to take place in Montevideo, Uruguay, where the first-ever FIFA World Cup was held in 1930.

Also, three World Cup matches will be hosted in South America, with Uruguay, Argentina, and Paraguay each organizing one match.

FIFA President Gianni Infantino emphasized the unifying power of football, stating, “In a divided world, FIFA and football are uniting. This joint bid sends a powerful message of peace, tolerance, and inclusion.”

The decision to unite Africa and Europe for the tournament signifies more than just a sporting event; it’s a testament to the global appeal of football and its ability to transcend borders.

While Spain previously hosted the FIFA World Cup in 1982, Morocco and Portugal are set to make their debut as co-hosts, promising a memorable tournament that celebrates a century of football history and fosters unity among nations.

The 2030 FIFA World Cup is poised to leave a lasting legacy of sportsmanship and cultural exchange.

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Dillian Whyte’s Fight Against Anthony Joshua Cancelled After Anti-Doping Test

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dillian whyte

The much-anticipated fight between Dillian Whyte and Anthony Joshua has been called off following an adverse anti-doping test result for Whyte.

The Voluntary Anti-Doping Association (VADA) reported the “adverse analytical findings,” leading to the cancellation of the bout. Whyte, however, has denied taking any banned substances and is determined to prove his innocence.

The news came as a shock to both fighters and their fans. Matchroom, the organizing body, issued a statement confirming the cancellation and expressing their commitment to conducting a thorough investigation. Sky Sports News reached out to Whyte’s team for comment, but further details are yet to be disclosed.

Originally scheduled to take place at London’s O2 Arena on Saturday, August 12, the bout was expected to draw a massive audience.

Joseph Parker’s promoter, David Higgins, has expressed readiness to step in as a replacement for a rematch with Joshua, presenting an alternative option for the fans.

This setback adds uncertainty to the world of professional boxing and has raised concerns about the prevalence of doping in sports.

It serves as a reminder of the importance of stringent anti-doping protocols to maintain the integrity and fairness of the sport.

In the meantime, the sports community awaits the results of the investigation into Whyte’s case. As his innocence is maintained, the focus will remain on ensuring a clean and competitive environment for all athletes involved in the sport of boxing.

Reacting to the cancellation of his fight with Joshua, Whyte wrote: “I am shocked and devastated to learn of a report by VADA of adverse findings relating to me. I only learned of it this morning and am still reacting to it.

“I have also just seen that the fight is being cancelled without having any chance to demonstrate my innocence before the decision was taken.

“I can confirm without a shadow of doubt that I have not taken the reported substance, in this camp or at any point in my life.

“I am completely innocent and ask to be given the time to go through the process of proving this without anybody jumping to conclusions or a trial by media.

“I insisted on 24/7 VADA testing for this fight, as I have done voluntarily and at my own expense for all of my fights for many, many years.

“This is not the first time that I have been reported as having an adverse finding for a substance which I have not taken, and as I did last time I will again prove that I am completely innocent.

“In the meantime, all I can do is express my extreme disappointment to boxing fans, who will miss out on what was sure to be a great achievement.”

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