The study by the KPMG consultancy values the Whites at 3,224 million euros.Real Madrid are the most valuable football club in Europe according to The European Elite 2019
report, prepared by the consultancy KPMG. The Whites have a value of
3,224 million euros, ahead of Manchester United (3,207) and Bayern
Munich (2,696). The growth of Real Madrid in one year has been 10%.
The report highlights that Real Madrid’s leadership is the result of the high revenues achieved between 2016 and 2019 for winning the Champions League,
in addition to its improvement in profitability and an accumulated
growth of 29% in operating income, driven mainly by the increase in
commercial revenues in recent years.
| POSITION | CLUB | Value in millions of euros |
| 1 | Real Madrid | 3,224 |
| 2 | Manchester United | 3,207 |
| 3 | Bayern Munich | 2,696 |
| 4 | FC Barcelona | 2,676 |
| 5 | Manchester City | 2,460 |
| 6 | Chelsea | 2,227 |
| 7 | Liverpool | 2,095 |
| 8 | Arsenal | 2,008 |
| 9 | Tottenham | 1,679 |
| 10 | Juventus | 1,548 |
