Saturday, April 20, 2013

True Madrid force Man Utd off top of rich list - Zee News - Zee News

First place had been held by united since company analyst Forbes started compiling the list in 2004, but have already been overtaken by Real in the most recent ranks. Barcelona, the current Spanish league leaders, are in third place, while United`s Premier League opponents Arsenal are fourth before recently topped German champions Bayern Munich. True Madrid are valued at A2.15 billion ($3.3 billion), making the Spanish team probably the most valuable sports team on earth, and United at A2.07 billion. Forbes mentioned in a "This is the first time since Forbes started pricing baseball clubs in 2004 that Manchester United is not No.1 on the list. "Real Madrid has been consistently delivering the greatest profits of any team in the world, despite a rigorous economic crisis in Spain. "With celebrities like Cristiano Ronaldo on the frequency, and instructor Jose Mourinho on the seat, Real Madrid has thrived under the authority of billionaire president Florentino Perez. "According to the year`s soccer values, the most truly effective 20 teams are worth on average $968 million (A634 million), a rise of 26 % over last year." Rome Saint Germain`s David Beckham still tops the list of highest-earning sportsmen with profits of A33 million, A29 million that originated in recommendations. Ronaldo is second with profits of A28.8 million and Barcelona`s Lionel Messi in third place with a total of A26 million a year ago from income and endorsements. AFP

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