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The quarter-final and semi-final draws will take place in Nyon on 10 July; the exact match schedule will then follow. The three subsequent final venues have also agreed to host a year later than originally planned.

The key principles of the UEFA medical protocol were also approved on Wednesday, and detailed guidelines will now be finalised over the next few weeks to ensure that a thorough sanitary plan be put in place to protect the health of all participants to UEFA matches when the competitions resume.

UEFA will be regularly assessing the situation across the continent and will liaise with local authorities to see when spectators could gradually return.

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Football Money League Sports Business Group 5 Given the rise of Corinthians prior to the World Cup, Russian clubs should have the opportunity to benefit from the potential for growth that hosting a World Cup provides.

We believe disciplined and responsible governance structures and financial management within European football, whilst providing the platform for investment in facilities and youth development, should only be encouraged.

Our thanks go to those who have assisted us, inside and outside the Deloitte international network. We hope you enjoy this edition.

Dan Jones, Partner www. Revenue excludes player transfer fees, VAT and other sales related taxes. In a few cases we have made adjustments to total revenue figures to enable, in our view, a more meaningful comparison of the football business on a club by club basis.

The financial results of some clubs have changed, or may in future change, due to the change in the basis of accounting practice. In some cases these changes may be significant.

Clubs are not wholly consistent with each other in the way they classify revenue. In some cases we have made reclassification adjustments to the disclosed figures to enable, in our view, a more meaningful comparison of the financial results.

Matchday revenue is largely derived from gate receipts including season tickets and memberships. Commercial revenue includes sponsorship and merchandising revenues.

For a more detailed analysis of the comparability of revenue generation between clubs, it would be necessary to obtain information not otherwise publicly available.

The publication contains a variety of information derived from publicly available or other direct sources, other than financial statements.

We have not performed any verification work or audited any of the information contained in the financial statements or other sources in respect of each club for the purpose of this publication.

Comparative figures have been extracted from previous editions of the Deloitte Football Money League, or from relevant annual financial statements or other direct sources.

There are many ways of examining the relative wealth or value of football clubs and at Deloitte we have developed models of anticipated future cash flows to help potential investors or sellers do just that.

However, for an exercise such as this, there is insufficient public information to do that. Here, in the Deloitte Football Money League, we use revenue as the most easily available and comparable measure of financial wealth.

Prestige pre-and mid-season friendlies played around the world also provide Madrid with a significant revenue source that few clubs can match.

European glory also narrowly eluded Madrid once again, as they were eliminated in the UEFA Champions League semifinals for a third successive year, this time by Borussia Dortmund.

They could not get the better of Madrid in domestic cup competitions, however, with defeats in the Spanish Super Cup and in the semi-final of the Copa del Rey.

The club also exited the Champions League at the semi-final stage, beaten by eventual winners Bayern Munich. The redevelopment is scheduled to be fully complete by Aided by the headline summer signing of Brazilian superstar Neymar, Barcelona look well-placed to continue their on-pitch success of recent years.

Although the club appears to sit comfortably in second position in the Money League this year, fourth placed Manchester United may pose a threat next year due to their impressive commercial growth as well as the improved Premier League broadcasting deal.

A lot rests, therefore, on the outcome of the stadium plans, along with the continued development of their commercial operations, if Barcelona are to maintain a position in the Money League top two in the long term.

On-pitch success, both domestically and in Europe, will also be key in challenging for top spot. Multiple new global and regional partners were added, aided by the addition of a new sales office in Hong Kong.

French The emergence of Paris Saint-Germain has undoubtedly been one of the major stories in European football in recent years.

This, along with the continued support of its commercial partners will be crucial as the club looks to build on its enhanced status in European and world football over the coming years.

The overall revenue increase is driven largely by a growth in commercial revenue as the club expand into new markets and seek to develop its brand internationally.

The airline will sponsor the new acre training complex being constructed in East Manchester, alongside their shirt and stadium sponsorship.

They failed to qualify from the group stages of the Champions League and finished runners up in both the Premier League and the FA Cup.

However, recently, plans have announced to increase the The club has opened a waiting list for fans to secure a season ticket for those new seats.

However, the club does still boast the cheapest season ticket available in the Premier League. It will be a tough challenge for Manchester City to break into the Money League top five and achieving this will need the club to further improve upon its impressive commercial growth and on-pitch performance.

Chelsea Arsenal

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