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For years, the revenues of the largest soccer teams in Europe have been growing exponentially due to ever increasing television revenue.  Since not all European leagues distribute television money equally, or even negotiate league wide television deals, the disparity between clubs in the same league can vary even more widely than it does in Major League Baseball.  The two teams sitting atop the Football Money League, compiled annually by Deloitte demonstrate just how much the powerful club at the top of perch make in comparison to the rest of the league.  Real Madrid, the richest, highest grossing professional sports club in the world, generated 438 million euros (roughly $603 million at today's exchange rates) in 2009/10 about 40 million Euros more than second place FC Barcelona and a staggering 100 million Euros more than third place Manchester United.

Real Madrid had a relatively even split in revenue sourcing among the three main drivers: broadcast, commercial (sponsorship and merchandise) and gameday.  For a sense of scope, Real Madrid received 158.7 million Euros in broadcast revenue pursuant to a contract it holds individually since La Liga allows its clubs to negotiate individually rather than through a centralized league contract as in the English Premier League, or all major North American leagues.  That contract gives Los Blancos more broadcast revenue than half of the Money League clubs combined.  Real Madrid receives over 150 million euros in commercial revenue, one of only two Money League clubs to do so.  It has a 20 million euro contract with Bwin for jersey sponsorship that runs through 2012/13.  However, that contract has recently been challenged in court as being contrary to Spanish competition laws.

In contrast, the highest grossing MLB club, the New York Yankees, made $441 million in revenue last year, $319 million of which came from gate receipts (gameday in paragraph above). That is less than Manchester United, the third place club on the Money League list.

The value of broadcasting contracts is significantly higher in the NFL than in MLB. In fact, the total value of the NFL's various broadcast contracts was in excess of $3.4 billion in 2009, and it grows annually, assuming no lockout this year.  The Dallas Cowboys, the NFL's most valuable franchise grossed $420 million in 2009, of which only $112 million came from gate receipts. Could explain the recent interest of NFL owners in purchasing European soccer clubs.

Good recap of the twists and turns (and necessity of insiders) to bring Sprint Cup to Kentucky (C-J)

Arsenal plans to offer shares to its fans, blunting takeover prospects of Stan Kroenke (Guardian)

A pro agent's case for playing college players (WaPo)

Profile of Frank McCourt, whose divorce may put the Dodgers on the auction block (LA Weekly via TBL)

From Chad Ochocinco, word of a major flaw in the NFL's drug testing policy (NYT)

Latest from the Mountain West/WAC soap opera, which makes the ACC raid on the Big East look like a family reunion, Utah State turned down MWC thinking WAC had stabilized (Utah State Aggies)

Should he end up with the Rams, Kroenke could also be the latest American with ownership of the both NFL and the English Premier League. He is the largest single shareholder of Arsenal and a fifty percent shareholder of Arsenal Broadband.  He has indicated a willingness to purchase any shares in Arsenal that come on the market, believing, correctly, that Arsenal is a brand that has just begun to be exploited in a way that befits its global recognition.