Top 8 Football Clubs by Broadcast Revenue (2026)

Real Madrid generated 334.9 million euros of broadcast revenue in 2024-25, according to the Deloitte Football Money League 2026, just ahead of Manchester City at 331.5 million euros. Arsenal and Liverpool followed, both above 320 million euros. The ranking is different from the overall Money League: Aston Villa appears in this top 8, while Barcelona and Manchester United do not.

Key facts

• This list ranks the 20 Money League clubs by the broadcast column in Deloitte's published 2024-25 table. It is not a ranking of every club in world football.
• Broadcast revenue for the 20 clubs rose 10% to 4.7 billion euros, or 38% of the 12.4 billion euro total. It was 49% of revenue for clubs ranked 11th to 20th, and about a third for the overall top 10.
• Deloitte said the expanded 2025 FIFA Club World Cup was the main driver of that broadcast growth, with a 17% uplift for the 10 Money League clubs that took part. UEFA distributions for its three main men's club competitions also rose to 3.3 billion euros, from about 2.7 billion euros.
• Compare this order with the overall revenue top 10 and the commercial top 8. Broadcast income still tracks European qualification more closely than brand or stadium income does.

1. Real Madrid: 334.9 million euros

Real Madrid led the broadcast table as well as the overall Money League, with 334.9 million euros. The margin over Manchester City was only 3.4 million euros, the tightest gap at the top of any of the Deloitte splits used in this series. Madrid's broadcast line is large, but it is still well behind the club's 593.6 million euros of commercial revenue. In other words, even the club with the most broadcast income now makes more from commercial activity than from media rights.

2. Manchester City: 331.5 million euros

Manchester City ranked second on broadcast revenue, at 331.5 million euros, despite falling to sixth on total income and recording a 1% decline in the overall figure. Deloitte linked that softer total to a lower Premier League finish and an earlier Champions League exit, yet the broadcast line remained the second-highest in the table. City's matchday income of 89.3 million euros is modest by top-10 standards, so media rights still do heavy lifting in the mix, even in a slightly weaker sporting year.

3. Arsenal: 324.6 million euros

Arsenal placed third, with 324.6 million euros, ahead of Liverpool and well above the club's seventh-place finish on total revenue. Broadcast income is a relative strength compared with Arsenal's commercial line of 314.0 million euros, which missed the commercial top 8. The 2024-25 figures do not include a later Premier League title or a Champions League final, which would sit in a subsequent season's accounts and should not be added to this table.

4. Liverpool: 320.7 million euros

Liverpool ranked fourth on broadcast revenue, at 320.7 million euros, close behind Arsenal and consistent with a season spent back in the Champions League. Deloitte said that return, plus a 7% rise in commercial revenue, helped Liverpool become the highest-revenue English club overall for the first time. The broadcast line itself, though, remained just behind City and Arsenal. These figures predate later changes in the club's on-pitch and commercial calendar.

5. Paris Saint-Germain: 293.2 million euros

Paris Saint-Germain ranked fifth, with 293.2 million euros. That is a solid European media line, but it sits 27 million euros or more behind the four clubs above it, and it has to operate against the weaker French domestic contracts Deloitte described for 2024-25. A fuller picture of those contracts is in our list of the biggest football TV rights deals. PSG was still the only Ligue 1 club in the Money League top 20. Related: LFP Media Sets 3 December Deadline for Ligue 1 Rights Bids.

6. Aston Villa: 286.7 million euros

Aston Villa is the clearest illustration of why a broadcast ranking looks different from a total-revenue list. The club ranked only 14th overall, with 450.2 million euros, but sixth here, with 286.7 million euros of broadcast income, more than Bayern Munich, Barcelona or Chelsea. Deloitte recorded a 45% rise in Villa's total revenue, the second-fastest increase in the top 20 after Stuttgart. A Champions League season, rather than a commercial base on Real Madrid's scale, is what puts Villa in this top 8. Commercial revenue of 83.3 million euros remains far below the clubs above it on total income.

7. Internazionale: 277.0 million euros

Inter ranked seventh, with 277.0 million euros of broadcast revenue, the highest of the Italian clubs in the Money League and a major part of the club's 37% rise in total income to 537.5 million euros. Matchday revenue of 108.0 million euros and commercial revenue of 152.5 million euros were both lower than this broadcast line. Inter later published 2025-26 accounts for a different period, which should not be mixed with these 2024-25 Deloitte figures. The broadcast strength is still tied to European runs that can move year by year. Related: Serie A Clubs Delay Avenue Capital's €320m Rights Stake Bid.

8. Bayern Munich: 251.9 million euros

Bayern Munich completed the top 8 at 251.9 million euros, even though the club was third on total revenue and received, Deloitte said, a broadcast boost from the 2025 FIFA Club World Cup. That tournament effect was not enough to overtake Villa or Inter on this line, because Bundesliga domestic rights and a different European path produce a different mix. Barcelona, at 242.8 million euros, and Chelsea, at 241.8 million euros, sit just outside this list, as does Manchester United, whose broadcast income Deloitte recorded at 205.8 million euros after a season without Champions League football.

Methodology and last updated

This list ranks the 20 clubs in the Deloitte Football Money League 2026 by the broadcast column in Deloitte's published 2024-25 revenue table. Only the top 8 are profiled. Broadcast revenue here is Deloitte's classification of media-rights income in club accounts, converted at 12-month average rates of 1 euro = GBP 0.84 and 1 euro = USD 1.08, unless otherwise stated. It is not a league-by-league rights valuation. 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 Greece press pack, published revenue-split table (2026 edition)
• Deloitte Czech page, official top-20 revenue table (2026 edition)