Leicester City recognised as one of the most valuable European Football Clubs

King Power Stadium

Leicester City have been revealed as one of the most valuable football clubs in Europe, with an enterprise value (EV) of €596m (£523m) according to the latest KPMG Football Clubs’ Valuation report.

The EV is an accounting measure used to assess how much it would cost to buy any given club or company

This makes the Foxes’ valuation the 15th highest in Europe, the seventh highest in England, and represents a 29% increase on last year in Euros and a 35% increase in sterling and places them above the likes of AC Milan, Everton, Inter Milan, Roma and Ajax.

Unsurprisingly, Manchester United came top of the list once again, with a valuation of €3.2bn which puts them ahead of second-placed Read Madrid and FC Barcelona.

The 32 ranked teams have a combined enterprise value of €32.5bn, up 9 per cent on last season.

KPMG’s global head of sports Andrea Sartori, the report’s author, says: “Despite this year’s (overall aggregate) growth being lower than last year’s 14 per cent growth, the football industry continues its rise.

“Overall growth is driven by different factors, one of these being the increase of operating revenues of the top 32, at eight per cent.

“Eye-catching transfer deals and spiralling staff costs have not prevented such clubs from registering a striking upward trend, as the profits before taxes increased by some 17 times in comparison to the previous year.”

Sartori adds: “One of the reasons for this growth can be found in the significant influence exercised by English clubs, as well as the improved financial health of many mid-size clubs within the ranking, which also reflects compliance with the Uefa FFP (Financial Fair Play) Regulations.”