Top 8 Football Clubs by Commercial Revenue (2026)
Real Madrid led Deloitte's 2024-25 commercial table at 593.6 million euros, ahead of Barcelona and Bayern Munich, among the 20 Money League clubs.
Real Madrid generated 593.6 million euros of commercial revenue in 2024-25, according to the Deloitte Football Money League 2026, the most of any club. Barcelona was second at 522.3 million euros and Bayern Munich third at 461.5 million euros. Commercial income was the largest Money League stream, at 5.3 billion euros.
Key facts
- This ranking uses the commercial column in Deloitte's published 2024-25 table for the 20 Money League clubs, not a separate survey of every club.
- Commercial revenue for the 20 clubs reached 5.3 billion euros, up from 4.9 billion euros, and was the largest stream for a third year, at 43% of the 12.4 billion euro total.
- For clubs in the overall top 10, commercial income was 48% of revenue, against 32% for clubs ranked 11th to 20th, according to Deloitte.
- The order differs from both the overall revenue top 10 and the matchday ranking. Arsenal and Chelsea, seventh and tenth on total revenue, fall outside this commercial top 8.
| Rank | Club | Commercial | Total revenue | Commercial share |
|---|---|---|---|---|
| 1 | Real Madrid | 593.6 | 1,161.0 | 51% |
| 2 | FC Barcelona | 522.3 | 974.8 | 54% |
| 3 | Bayern Munich | 461.5 | 860.6 | 54% |
| 4 | Manchester City | 408.4 | 829.3 | 49% |
| 5 | Manchester United | 396.6 | 793.1 | 50% |
| 6 | Paris Saint-Germain | 367.1 | 837.0 | 44% |
| 7 | Liverpool | 365.7 | 836.1 | 44% |
| 8 | Tottenham Hotspur | 329.7 | 672.6 | 49% |
1. Real Madrid: 593.6 million euros
Real Madrid's commercial line of 593.6 million euros was the highest in the table. Deloitte's UK press release rounded it to 594 million euros and said that figure alone would have placed the club in the overall Money League top 10. Commercial revenue rose 23%, helped by merchandise sales and new partners, while matchday revenue fell 6%. At just over half of the club's 1,161.0 million euro total, commercial income is now the centre of Madrid's model, not an add-on to broadcast rights.
2. FC Barcelona: 522.3 million euros
Barcelona ranked second, with 522.3 million euros of commercial revenue, well clear of Bayern Munich and more than half of its 974.8 million euro total. That strength mattered in a season when the club was still playing away from Spotify Camp Nou, because the matchday line included a one-off personal seat licence contribution that will not automatically repeat. The commercial figure is the more structural part of Barcelona's return to second place overall. Related: 3 DR Congo Coeur de l'Afrique Club Sponsorships.
3. Bayern Munich: 461.5 million euros
Bayern Munich placed third, with 461.5 million euros, also equal to 54% of total revenue when calculated from Deloitte's published lines. The club's overall rise to third in the Money League was helped by Club World Cup broadcast income, but the commercial base was already large enough to keep Bayern in this top 8 even without that tournament effect. Few clubs outside Spain now come within 100 million euros of this commercial line.
4. Manchester City: 408.4 million euros
Manchester City ranked fourth on commercial revenue, at 408.4 million euros, well above the club's place on matchday income, where 89.3 million euros left it outside the matchday top 10. City was only sixth on total revenue, and Deloitte recorded a 1% fall in the overall figure after a lower Premier League finish and an earlier Champions League exit. The commercial line is what keeps the club close to the top of this list even when sporting performance trims broadcast income.
5. Manchester United: 396.6 million euros
Manchester United ranked fifth, with 396.6 million euros, despite dropping to eighth on total revenue. Deloitte said broadcast income fell to 205.8 million euros after a 15th-place finish and no Champions League football, so the commercial and matchday lines did more of the work. United remains one of the listed football clubs whose accounts can be used to cross-check the sterling equivalent, using the club's own commercial definitions, which may not match Deloitte's line exactly.
6. Paris Saint-Germain: 367.1 million euros
Paris Saint-Germain ranked sixth, with 367.1 million euros of commercial revenue, just 1.4 million euros ahead of Liverpool. The club was fourth on total revenue and the only Ligue 1 side in the Money League top 20. A commercial line of this size is what allows PSG to stay in the top group even when Deloitte is flagging pressure on French domestic broadcast contracts. It is still more than 200 million euros behind Real Madrid on this measure. Related: 5 Visit Rwanda Football Club Sponsorships, From Arsenal to Aston Villa.
7. Liverpool: 365.7 million euros
Liverpool placed seventh, at 365.7 million euros, up 7%, according to Deloitte, which pointed to additional non-matchday events at Anfield. Those events can sit close to the boundary between commercial and matchday income; Deloitte has recorded the increase in the commercial column, and that classification is followed here. Liverpool was the highest-revenue English club overall in 2024-25, but on commercial income it still ranked behind both Manchester clubs.
8. Tottenham Hotspur: 329.7 million euros
Tottenham completed the top 8 at 329.7 million euros, ahead of Arsenal's 314.0 million euros, which therefore misses this list. The club's stadium-centred, year-round model, described in our Tottenham stadium analysis, is visible in both this commercial line and in the matchday ranking. Broadcast revenue of 192.4 million euros was the lowest in the overall top 10, so commercial income is doing a larger share of the work at Tottenham than at several clubs above it on total revenue.
Methodology and last updated
This list ranks the 20 clubs in the Deloitte Football Money League 2026 by the commercial column in Deloitte's published 2024-25 revenue table. Only the top 8 are profiled. The commercial-share column is calculated from those published commercial and total figures, rounded to the nearest percentage point, and is not a separate Deloitte metric. Deloitte translates accounts at 12-month average rates of 1 euro = GBP 0.84 and 1 euro = USD 1.08, unless otherwise stated. Transfer income is excluded. Last updated: 12 November 2026.
Related: 8 Football Clubs With Forex or Online Trading Broker Sponsors in 2026/27 and 6 Football Clubs With eToro as Official Trading Partner.
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)