Football Benchmark 2023

BEST PERFORMING CLUBS
THE EUROPEAN ELITE 2023 | FOOTBALL BENCHMARK
Source: Football Benchmark

EVERY CLUB INCREASED THEIR Enterprise Value COMPARED TO LAST YEAR
Looking more closely at specific club performances, AC Milan recorded the highest year-on-year growth (83%).

The Italian club benefitted from growth in operating revenues driven by their commercial income, improved profitability and the significant upward revaluation of their squad, a direct consequence of their positive sporting performance. The Rossoneri are followed by three English clubs, namely Aston Villa FC (78%), West Ham United FC (75%) and Manchester City FC (64%), with Villarreal CF (60%) closing the ranking of the five best performers. On the opposite end of the spectrum, Juventus FC (12%), Everton FC (22%) and Olympique Lyonnais (24%) recorded the lowest annual improvements.

Driven by the aforementioned industry growth, for the first time all clubs have increased their EV compared to previous year, with each club recording a double- digit percentage annual growth. Even more importantly, each club has surpassed their previous record EVs with AS Roma being the only exception (EV slightly lower than their 2020 peak result of EUR 602m).