Gerard Pique of FC Barcelona (C) with a header against Real Madrid on December 18, 2019 in ... [+] Barcelona, Spain. In order to delve deeper into Barcelona’s finances, there is no better place to start than the club’s Annual Report for 2018/19. Contained in the report is an explanation of why Barcelona management insists that its operating revenue for 2018/19 was €990m when the financial statements say $836m. The earnings figure of €841m used by Deloitte in its ranking is much closer to the Barcelona financial statement than the inflated €990m. Arsenal has nearly 20 associated companies - are they all contributing to the football club’s revenue or are some “less associated” than others?

Source: Forbes January 19, 2020 03:00 UTC