Quick financial comparison of the clubs in this week’s Champions League quarter-finals. This is based on the most recent 2020/21 accounts, which were significantly impacted by COVID (with nearly all games played behind closed doors), but the differences are still instructive.
Based on revenue, a couple of ties appear to be mismatches, namely #FCBayern vs Villarreal and #LFC vs Benfica, while #MCFC also have a big advantage against #Atleti. The closest game on paper is #RealMadrid against #CFC. 
It’s a similar story for wages where #FCBayern and #LFC pay almost four times as much as Villarreal and Benfica, while #MCFC wage bill is over £100m more than #Atleti. Interestingly, #RealMadrid and #CFC have almost identical wage bills.
Based on figures taken from the accounts, two clubs have a squad cost just under a billion pounds, namely #MCFC and #CFC, followed by #RealMadrid £877m and #LFC £709m. Lowest costs are Benfica £231m and Villarreal £146m. Note: market value is different to accounting cost.
Obviously, results on the pitch do not always neatly correlate with turnover, but it is equally true that money often talks in football.
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