Manchester United is world’s richest club

Manchester united has been tagged as the richest club in the world for second straight season,acording to the Forbes magazine.The finalist in this year’s champions league is worth $US1.8 billion i.e a increase of $US347 million from last year’s valuation.Real madrid is second richest and Arsenal third with total worth $US1.285 billion and US$1.2 billion respectively. The top ten richest clubs consists of four english clubs.Liverpool is ranked fourth and chelsea has managed eighth.Bayern Munich is fifth, followed by AC Milan, Barcelona, Chelsea, Juventus and Schalke. Among players,David Bekham has overtaken Ronaldhino as the Los Angeles Galaxy star is making US$49 million per year compared to ronaldhino’s US$33 million. “Advancing to the Champions League final will mean in excess of US$45 million for Man U and likely assures it of returning atop our list next year,” Forbes associate editor Jack Gage said. “Actually winning the Champions League final wouldn’t have much of an immediate impact on the team, but would bolster its already sterling brand as it tries to further expand its fan base throughout Europe and Asia.” “That said, the club has collateralised a great deal of debt as part of the Glazer purchase against ticket sales, meaning the club won’t see a chunk of that revenue until the debt is paid off,” “Debt on the books makes a team more expensive to buy, but Man U’s status as a cash-generating powerhouse in the biggest league in Europe should support that debt with room to spare.”,added Gage.