Real Madrid have kept their spot at the top of Deloitte’s Football Money League, while Liverpool have surpassed their rivals in England for the first time, according to a study released on Thursday.
Even though they did not win a major trophy during the 2024/25 season, the Spanish club earned nearly €1.2 billion in revenue, showing their financial strength in global football.
One major factor in this success has been the ongoing redevelopment of the Santiago Bernabeu, which has turned into a multi-use venue. The club’s commercial income reached €594 million, which alone would be enough to secure a spot in the global top 10.
Barcelona Second as Bayern Close In
Barcelona moved back to second place in the Deloitte rankings with revenues of €975 million, even though they had to play the entire season away from the Camp Nou because of renovation work.
German champions Bayern Munich took third with €861 million, just ahead of Paris Saint-Germain, whose revenues grew after winning the UEFA Champions League for the first time in their history.
Liverpool Lead the Premier League as Manchester Clubs Slip
Premier League clubs filled most of the top 10, with Liverpool becoming the highest-earning English club for the first time in the report's history.
An expansion of Anfield, a return to the Champions League, and winning the Premier League title all helped Liverpool’s revenue rise to €836 million.
both Manchester clubs fell in the rankings. Manchester City dropped from second to sixth after an early exit from the Champions League and finishing third in the league after winning four straight domestic titles. Manchester United fell to eighth, behind Arsenal, after not qualifying for the Champions League and ending the season in 15th place in the Premier League.
