The Deloitte 2013
Football Money League analyses the complete income and revenue of the world's largest
clubs, recognising Real Madrid and Barcelona
as the top two
institutions, who raked in $ 512.6 m and $ 483m respectively in the 2011/12 campaign alone.
And even those who would regard all such concepts
as mythical (cosmopolitans or libertarians who do not think that their passport or citizenship involves any social membership) would probably still acknowledge that existing
institutions - the British government, the Monarchy, Parliament, Barclays Bank, Everton
Football Club, etc - are inheritors not just of their history (good and bad) but indeed of the material consequences of that (eg assets belonging to the state, or the Royal family, or a business; or indeed debts).