Little variation in the standing, but dramatic changes in the financial performance – the overall conclusions of the sixth annual edition of the “Football Clubs’ Valuation: The European Elite” report, which ranks the 32 most prominent European football clubs based on their Enterprise Value (EV). Indeed, Real Madrid remained the most valuable club, while FC Barcelona overtook Manchester United for 2nd place. However, mostly due to the devastating impacts of the coronavirus pandemic, for the first time in our annual reports, the aggregate EV of the top 32 clubs has decreased year on year.
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