Celtic drop out of KPMG’s “European Elite” report

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Ritesh Gogineni
Editor/Founder of The False 9.

Celtic who were the first Scottish club to feature in KPMG’s annual study on European Football Clubs’ valuation in 2019 have dropped out of this year’s list. The list contains 32 teams from Europe and is yet again dominated by Premier League clubs although Real Madrid are ranked first.

This year’s list sees Celtic and Monaco drop off whereas Porto and Valencia join the European Elite as KPMG calls the top 32 clubs in their list. KPMG considers certain qualification criteria to determine a club’s eligibility for this list. Post this, they evaluate all the clubs which meet the criteria based on the different avenues of revenue they generate and how they manage their costs. Although Celtic missed out on the top 32 clubs based on KPMG’s valuation, they did manage to meet the initial qualifying criteria. Celtic along with Eindhoven, Marseille, Monaco, Sporting, and Fenerbahce have been named as the “Runner ups”.

The impact of Covid 19 is not visible in this report as it doesn’t consider the current financial year. Even the major European clubs are expected to be hit financially severely as revenue streams have died off. Even if the fans return to stadiums soon, the overall slowing down of economies over the world is bound to have a major impact on football as well.

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