Luftstalag14
Culé de Celestial Empire
That's a fair assessment and they've always been ahead of us in that department.
We've made huge strides the last 15 years though and will continue to make them if the right decisions are made during this tenure. We probably need to make more of an effort in countries like China, South Korea to close the gap.
I am too lazy to pull the last several years' data, I actually thought we came ahead of them once or twice in the last several years when it comes to commercial revenue, if I am not mistaken. Yes for the most part of history they were ahead of us in that regard.
It might also worth be pointing out that last season was the first season that Real Madrid brought their merchandising in house, following our lead (similar to what we did with BLM) so that probably brought in additional revenue there. Nevertheless, like we discussed in the Real Madrid thread, they will soon be leaving us in the dust, commercial revenue-wise, once the potential of their revamped Bernabeu is materialized and unleashed.
Sigh.