Top 10 Highest-Revenue Football Clubs (Deloitte 2026)

Real Madrid generated 1.161 billion euros in 2024-25 revenue, according to the Deloitte Football Money League 2026, published on 22 January 2026. It was the only club above 1 billion euros for a second year, ahead of Barcelona at 974.8 million euros and Bayern Munich at 860.6 million euros. The top 20 clubs reported a record 12.4 billion euros.

Key facts

• The ranking covers club revenue from matchday, broadcast and commercial sources in the financial year ending in 2025, and excludes transfer income.
• Cumulative revenue for the 20 Money League clubs reached a record 12.4 billion euros, up 11% on 11.2 billion euros in 2023/24, according to Deloitte.
• Commercial revenue of 5.3 billion euros was the largest stream for a third year. Broadcast revenue was 4.7 billion euros and matchday revenue was 2.4 billion euros.
• Liverpool was the highest-revenue English club for the first time in the history of the Money League.

1. Real Madrid: 1,161.0 million euros

Real Madrid retained first place and remained the only club above 1 billion euros, after becoming the first to pass that mark in 2023/24. Deloitte's published table puts 2024/25 revenue at 1,161.0 million euros, of which 593.6 million euros was commercial. The firm's UK press release rounded that commercial line to 594 million euros and said it would have been enough, on its own, to place the club in the overall top 10. Commercial revenue rose 23%, helped by merchandise sales and new partners, while matchday revenue fell 6% to 232.5 million euros.

2. FC Barcelona: 974.8 million euros

Barcelona returned to the podium for the first time since 2019/20, rising from sixth in the previous edition. Deloitte reported 974.8 million euros of revenue, a 27% increase, even though the club continued to play home matches away from Spotify Camp Nou during 2024/25. A key driver was the introduction of personal seat licences, which Deloitte put at about 70 million euros as a one-off item. Those licences should not be read as a new recurring run-rate. Commercial revenue of 522.3 million euros was the second-highest in the table.

3. Bayern Munich: 860.6 million euros

Bayern Munich climbed to third, with 860.6 million euros, up 12%. Deloitte said a broadcast boost from participation in the 2025 FIFA Club World Cup helped the club into the top three for the first time since 2020/21. Commercial revenue of 461.5 million euros was the third-highest in the ranking, and matchday revenue was 147.2 million euros. Bayern was one of 10 Money League clubs in that expanded Club World Cup, a competition Deloitte linked to a 17% broadcast uplift for the participants as a group.

4. Paris Saint-Germain: 837.0 million euros

Paris Saint-Germain placed fourth, with 837.0 million euros, up 4%. The club was the only Ligue 1 side in the top 20, the first time since 2021/22 that the ranking has included just one French club. Deloitte pointed to pressure on Ligue 1's domestic broadcast contracts for 2024/25. PSG's mix was 176.6 million euros from matchday, 293.2 million euros from broadcast and 367.1 million euros from commercial income.

5. Liverpool: 836.1 million euros

Liverpool ranked fifth with 836.1 million euros, up 17%, and was the highest-revenue English club in the Money League for the first time. Deloitte attributed the rise to a return to the UEFA Champions League and a 7% increase in commercial revenue, including additional non-matchday events at Anfield. Broadcast revenue of 320.7 million euros was among the highest in the top 10. The 2024/25 figures predate later changes in the club's squad and commercial calendar and should be read as a single-season snapshot.

6. Manchester City: 829.3 million euros

Manchester City dropped four places to sixth, with 829.3 million euros, the only top-10 club whose revenue Deloitte recorded as down on the previous year, by 1%. The firm linked the fall to a lower Premier League finish and an earlier Champions League exit than in the prior season. Broadcast revenue remained strong at 331.5 million euros, second only to Real Madrid, but matchday revenue of 89.3 million euros was the lowest in the top 10. Commercial revenue of 408.4 million euros still ranked fourth.

7. Arsenal: 821.7 million euros

Arsenal placed seventh, with 821.7 million euros, up 15%. Matchday revenue of 183.1 million euros was the fourth-highest in the Money League table, and broadcast revenue of 324.6 million euros was third. Commercial revenue of 314.0 million euros lagged several rivals. Arsenal's 2025/26 season sits outside this 2024/25 revenue ranking and is not added here.

8. Manchester United: 793.1 million euros

Manchester United fell from fourth to eighth, with 793.1 million euros, up 3%. Deloitte said broadcast revenue dropped from 258 million euros to 205.8 million euros, largely because the club did not play in the Champions League and finished 15th in the Premier League. Commercial revenue of 396.6 million euros remained the fifth-highest in the table, and matchday revenue of 190.7 million euros was the third-highest. United is one of the football clubs listed on the stock exchange, so some of these lines can be cross-checked in its filings, using the club's own definitions and currency.

9. Tottenham Hotspur: 672.6 million euros

Tottenham remained ninth, with 672.6 million euros, up 9%. Matchday revenue of 150.5 million euros and commercial revenue of 329.7 million euros reflect the year-round use of the club's stadium, a model we examined in our Tottenham stadium analysis. Broadcast revenue of 192.4 million euros was the lowest in the top 10, consistent with a season spent outside the Champions League. The gap to eighth place, more than 120 million euros, is the widest between any two neighbouring clubs in this top 10.

10. Chelsea: 584.1 million euros

Chelsea completed the top 10 with 584.1 million euros, up 7%. Commercial revenue of 239.0 million euros and matchday revenue of 103.2 million euros were the lowest on both measures in this group. Broadcast revenue of 241.8 million euros made up a larger share of the total than at most clubs above them. Inter, just outside this list at 537.5 million euros, showed how quickly a club can close the gap: Deloitte recorded a 37% increase, and the club has also published its own 2025/26 accounts on a later reporting period, which should not be mixed with these 2024/25 Money League figures.

Methodology and last updated

This list reproduces the top 10 of the Deloitte Football Money League 2026, which ranks clubs by revenue in the financial year ending in 2025, covering the 2024/25 season. Totals and the matchday, broadcast and commercial splits come from the table published with Deloitte's 2026 press materials. Press text sometimes rounds those lines, for example Barcelona's 974.8 million euros as 975 million euros; the table figures are used here. Deloitte translates local-currency accounts at a 12-month average rate of 1 euro = GBP 0.84 and 1 euro = USD 1.08, unless otherwise stated. Transfer income is excluded. Last updated: 12 November 2026.

Sources

• Deloitte Football Money League 2026, UK report page (22 January 2026)
• Deloitte UK press release: Real Madrid tops the Money League (22 January 2026)
• Deloitte Czech page, official top-20 revenue table (2026 edition)
• Deloitte Greece press pack, published revenue-split table (2026 edition)