Prices for Real Madrid and Barcelona have crossed the 4,000 million euro mark, while Atlético de Madrid continues to gain momentum and Valencia faces a downturn
The rise is evident across LaLiga clubs in the latest market assessment. Real Madrid and Barcelona have surpassed 4,000 million euros in combined value, contributing to an overall 32% year-on-year growth across Spanish teams. The market values reach unprecedented levels, according to the LaLiga Stock Market 2023 report. Atlético, Sevilla, Betis, Real Sociedad, and Villarreal also show positive trajectories, whereas Valencia is experiencing a decline.
When combining the market capitalization of LaLiga Santander and LaLiga SmartBank teams, the total has climbed 32% year over year, reaching 13,770.2 million euros in 2023. This growth coincides with improved economic prospects and the initial returns from investments channeled through the LaLiga Impulso program, which aims to stimulate club performance and financial resilience.
The podium: Madrid, Barça and Atlético de Madrid
The leading trio consists of Real Madrid, FC Barcelona, and Atlético de Madrid. Real Madrid has expanded its value by 42% year over year, and with stadium investment benefits on the horizon, the club has reached a valuation around 4,807 million euros. FC Barcelona has surged by 46% to approximately 4,693 million, awaiting the next phase of its financial plan. Atlético de Madrid has grown by about 12% to roughly 1,191 million euros, rebounding from the pandemic’s impact and regaining ground in the market ladder.
According to 2 Playbook, the Primera Division’s average market price now stands at 174.5 million euros, up from 158.1 million euros in 2021. In the Segunda Division, values have also risen—from 25.8 million euros in 2021 to 29 million euros in 2023—reflecting broader market optimism and renewed investment appeal across the board.
The progressive fall of Valencia CF
Although most top-tier clubs show valuation gains, some movements are noteworthy for their divergence. Valencia CF has seen a 34% decrease, dropping to around 280 million euros after a period marked by inconsistent European participation and evolving transfer activity. The club, steered by Peter Lim as its largest shareholder, finds its growth trajectory restricted amid a challenging competitive environment. Athletic Bilbao faces similar pressures, with reduced European exposure and the careful management of reserves accumulated before the pandemic, contributing to a softer market position.
Sevilla and Betis, on the rise
Sevilla FC climbs to a new valuation pinnacle, reaching about 441 million euros, supported by solid performance and strategic initiatives. Real Betis follows closely, estimated at 430.9 million euros, reflecting a credible ascent in market perception. Real Sociedad and Villarreal also report price increases, though they remain below the 300 million euro threshold. The bottom tier of Primera—Valladolid, Getafe, Girona, Rayo Vallecano and Almería—retains more modest valuations, with values not breaking the 80 million euro barrier in this period of analysis.
These trends illustrate how performance on the field and strategic investments interact to shape the financial standing of clubs within LaLiga, driving a broader narrative of recovery and growth across the league. The data underscores the ongoing importance of governance, sponsorship, broadcasting rights, and infrastructure projects in lifting club values over time, while also highlighting the fragility faced by clubs with inconsistent European exposure or disrupted transfer activities.
Overall, the 2023 market snapshot confirms a robust revaluation of the major clubs in Spain, with Madrid and Barcelona leading the charge and Atlético, Sevilla, and Betis strengthening their market positions. The evolving landscape suggests continued emphasis on long-term financial planning, stadium modernization, and smart investment strategies as key levers for sustaining competitive performance.