According to the European Elite 2020 report, produced by consultancy firm KPMG, Real Madrid are the most valuable football club in Europe for a second successive year. Our club is valued at €3.478 billion, which sees us come in ahead of Manchester United (€3.342 billion) and Barcelona (€3.193 billion) in the ranking. Real Madrid‘s annual enterprise value has increased by 8%.
The report notes that Real Madrid‘s position at the summit owes to the high revenues figures recorded throughout the five years that the study relates to (2016-2020), after having lifted the Champions League three times during this period, as well as the club’s improved profitability and a 41% aggregate growth in commercial revenue.
| RANKING | CLUB | Value (billions of euros) |
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| 1 | Real Madrid | 3.478 |
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| 2 | Manchester United | 3.342 |
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| 3 | FC Barcelona | 3.193 |
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| 4 | Bayern Munich | 2.878 |
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| 5 | Liverpool | 2.658 |
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| 6 | Manchester City | 2.606 |
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| 7 | Chelsea | 2.218 |
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| 8 | Tottenham | 2.067 |
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| 9 | Paris Saint-Germain | 1.911 |
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| 10 | Arsenal | 1.852 |
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| 11 | Juventus | 1.735 |
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| 12 | Borussia Dortmund | 1.281 |
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| 13 | Atlético Madrid | 1.197 |
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| 14 | Inter Milan | 983 |
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| 15 | Schalke 04 | 814 |
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