Manchester United may have once been the richest club in the World but failure in the Champions League will provide a setback in the European rich league where Real Madrid lead according to figures produced by Deliotte for the 2009/10 season.
The latest venture to bolster the Deloitte Football Money League sees Real Madrid unveiling ambitious plans to develop a US$1 billion, club-themed resort in the United Arab Emirates (UAE).
The Spanish giants unveiled plans on Thursday on the ‘Real Madrid Resort Island’ in a venture with the government of the Emirate of Ras Al Khaimah. The resort will feature a theme park, a groundbreaking 10,000-seat stadium , a museum and numerous sports facilities and a marina, along with residential and luxury hotel developments.
“When the Real Madrid Resort Island opens its doors, visitors will be part of the legend of the best club in football history, which seeks to be eternal and universal,” said Real Madrid president Florentino Perez. “We connect our name and a unique potential in the world at a strategic meeting point... which is less than a four-hour flight for 2,000 million people.”
It is expected the Resort Island will attract around one million visitors per year when it opens in January 2015.
Perez added: “It is a strategic step and increases the strength of our institution in the Middle East and Asia, a key region that has demonstrated its passion for this club. Our collaboration is becoming more solid and we are proud of it. Real Madrid and the Government of Ras Al Khaimah want to convey the passion and what Real Madrid means to everyone.”