KPMG released recently "Football club’s valuation: The European elite", a new groundbreaking report providing an indication of the value of the most prominent European football clubs.

Andrea Sartori, KPMG’s global head of sports and the report’s author, commented: “Our analysis of Europe’s 32 leading football clubs highlights the changing economic landscape of football. Thanks to the deal signed by the English Premier League at the beginning of 2015, the difference in terms of broadcasting revenues among the leading European leagues and the Premier League has widened significantly, despite the booming price of domestic broadcasting rights.”

KPMG’s research found that English clubs top the report in terms of enterprise value (EV) per country with a combined total value in excess of 10 billion euros. English clubs accounted for approximately 40 percent of the aggregate value of the 32 clubs valued.

Spanish teams, who have won all of Europe’s major club competitions for the past three years, follow suit with approximately 6.6 billion euro of EV, buoyed by the two giants, Real Madrid CF and FC Barcelona, which together represent 85 percent of the Spanish pie and 21 percent of the total.

Spain is the only country represented by two clubs whose enterprise value exceeds 2 billion euros each.

Germany had only 3 clubs valued among Europe’s top 32 with a combined value in excess of 3.5 billion euros.

Italian teams today play a less prominent role both on and off the pitch. Juventus FC, with an EV almost approaching 1 billion euro, are the only Italian club appearing in the top 10.

Paris Saint-Germain FC from the French Ligue 1, were assessed as the 10th most valuable club in the ranking, with a value of 843 million euros.