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Uefa Stadium report

The 20 most expensive stadiums in European club football

Real Madrid's Santiago Bernabéu stadium is third on Uefa's list with a valuation of 331 million euros. Two other stadia in Spain make the top 20.
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The 20 most expensive stadiums in European club football

Premier League dominate investment

Spain has three clubs, Real Madrid, Barcelona and, maybe surprisingly for some, Valencia, own stadiums that are in the top 20 most expensive in Europe.

The top 20 for the 2015 financial year includes seven English clubs, four from Germany, the three Spanish sides, two Portuguese and one club each from Denmark, France, Italy and Russia. Arsenal FC's Emirates stadium, which opened in the summer of 2006, remains the most expensive built to date, at a fixed asset cost of 689 million euros. Real Madrid's Santiago Bernabéu is sixth on the list, at a cost of 351 million but is third - behind Arsenal and Manchester City - in terms of current balance sheet valuation, where debt and depreciation are removed.

Stadium nameClubOriginal fixed asset cost (€m)Balance sheet value (€m)
1Emirates StadiumArsenal689546
2Etihad StadiumManchester City567532
3Old TraffordManchester United460330
4Allianz ArenaBayern Múnich425256
5White Hart LaneTottenham354287
6Santiago BernabéuReal Madrid351331
7Parc OLLyon338322
8Stamford BridgeChelsea336246
10Signal Iduna ParkBorussia Dortmund296190
11Da LuzBenfica261167
12Camp NouBarcelona255138
13Veltins ArenaSchalke 04231100
14Juventus StadiumJuventus197161
15Stadium of LightSunderland188132
17Do DragaoPorto183140
19Villa ParkAston Villa175118
20Stadion CSKACSKA Moscow172134

Source: UEFA European Club Footballing Landscape. Club Licensing Benchmarking Report Financial Year 2015.

It's worth noting that with the massive revenue streams flowing into the Premier League in England, their stadium investment is likely to continue. The report does not, however, include national stadia such as Wembley.

The Uefa report also showed that in the last decade 48% of the major global stadium projects have taken place in Europe with Turkey (18), Poland (14) and Russia (14) undertaking the most major new stadium projects in since 2007.

The most expensive club stadiums in Europe

1.- Emirates Stadium | Arsenal (investment: 689 million euros)

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Andrew CouldridgeREUTERS

2.- Etihad Stadium | Manchester City (567)

Etihad Stadium, estadio del Manchester City.
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Etihad Stadium, estadio del Manchester City.Alex LiveseyGetty Images

3.- Old Trafford | Manchester United (460)

Old Trafford, estadio del Manchester United.
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Old Trafford, estadio del Manchester United.Laurence GriffithsGetty Images

4.- Allianz Arena | Bayern Múnich (425)

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Alexander HassensteinBongarts/Getty Images

5.- White Hart Lane | Tottenham (354)

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Matthew ChildsREUTERS

6.- Santiago Bernabéu | Real Madrid (351)

Estadio Santiago Bernabéu, del Real Madrid.
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Estadio Santiago Bernabéu, del Real Madrid.Mike HewittGetty Images

7.- Parc OL | Lyon (338)

Parc OL, estadio del Lyon.
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Parc OL, estadio del Lyon.JEFF PACHOUDAFP

8.- Stamford Bridge | Chelsea (336)

Stamford Bridge, estadio del Chelsea.
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Stamford Bridge, estadio del Chelsea.Andrew CouldridgeREUTERS

9.- Mestalla / Nuevo Mestalla | Valencia (327)

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Álex CaparrósGetty Images

10.- Signal Iduna Park | Dortmund (296)

Signal Iduna Park, estadio del Dortmund.
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Signal Iduna Park, estadio del Dortmund.Dennis GrombkowskiGetty Images