Real Madrid and Manchester United remain the two most valuable football clubs in Europe, according to a report released by accountancy firm KPMG. La Liga giants Real lead a list of the continent's 32 most valuable teams as of January 1, with KPMG estimating the value of the 13-time European champions at nearly €3.5bil (RM16.9bil), with United in second place at €3,342bil (RM16.1bil).
The report also outlines broadly the financial hit clubs are set to take in the wake of the coronavirus pandemic, underlining how revenues have flatlined - thanks to no ticket sales and issues with TV rights payments - while operating costs like player wages have not dropped to the same degree.
It also cites a previous KPMG study in which aggregate player value in the 10 European leagues the firm analyses could drop by anything between € 6.6bil (RM31.9bil) and €10bil (RM48.3bil), which would have a huge impact on clubs' values.
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