The London Evening Standard says Tottenham pack more financial punch than Champions League winners Real Madrid, according to a new study
The study says the report also ranks Us above Premier League rivals Chelsea and Manchester United, while runaway leaders Manchester City boast the biggest clout in world football.
The article is primarily about the Soccerex Football Finance 100, which ranks the world’s top teams based on both their playing and fixed assets, money in the bank, owner potential investment and debt, and this was published on Wednesday.
Manchester City, who have dropped just four points in the league this season, lead the way ahead of Arsenal with English clubs dominating the top 10. We are fifth on the list ahead of seventh-placed Manchester United, with Chelsea in ninth.
The article adds that according to the study, Arsenal have £766million worth of fixed assets – following their move from Highbury to the Emirates Stadium which is more than any other club in world football, while only Manchester United have more money in the bank (£307m) than Arsenal’s £300m.
The nomads also have the lowest net debt (£8m) of any other team from England, with Chelsea’s £800m recorded as the largest of clubs in the top 100.
The article goes on to say the annual report by Soccerex suggests that Arsenal have the monetary muscle to “invest significantly” in the transfer market but they also have Arsene right, he loves to spend!!!.
“Manchester City, one of the most famous cases of significant foreign investment changing a club’s status and potential, top the rankings,” the study concludes. “Their owner’s high potential investment value is complimented by a strong performance by the club across each of the verticals.
“Arsenal’s second place in the rankings, ahead of PSG, will surprise many and is certainly a talking point in light of criticism the club receives from some quarters for its perceived lack of spending in the transfer market.
“Their ranking is a reflection of the club’s professionalism and a sound business model. The position of financial strength means Arsenal could invest significantly should the hierarchy of the club choose to change their business strategy.”
Liverpool are 16th on the list, while 2016 Premier League champions Leicester are 20th. French giants Paris Saint-Germain, who broke the transfer record to sign Neymar last summer, are third ahead of Chinese side Guangzhou Evergrande. Real Madrid are sixth with their La Liga rivals Barcelona only 13th.
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