Real Madrid becomes first football club to surpass €1bn revenue in a season

The Los Blancos tops the Deloitte Money League with record revenue.

Real Madrid are still at the top of the Deloitte Money League after being the first team to make over €1 billion in revenue.

Last season, the LaLiga heavyweights, who won another Champions League trophy and a domestic title in 2023–24, earned 1.05 billion euros (£883 million/$1.09 billion). No team has ever reported such figures, with off-field financial success emulating on-field achievements.

With remarkable revenue numbers of £708m ($872m), Premier League winners Manchester City, who won that award in a record-breaking fourth consecutive campaign last term, are ranked second in the Money League. However, they are still engaged in a Financial Fair Play battle with 115 charges.

The Deloitte top five is completed by French powerhouse Paris St-Germain (£681m/$839m), struggling Premier League team Manchester United (£651m/$802m), who are still cutting costs under Sir Jim Ratcliffe and the team’s INEOS co-ownership team, and Bundesliga powerhouse Bayern Munich (£646m/$796m).

Nine English teams are in the 20; Aston Villa are rising after finishing in the top four the previous season and are playing in the Champions League, while Arsenal, Liverpool, Tottenham, Chelsea, Newcastle, and West Ham are all holding onto their spots.

Five more Premier League teams—Brighton, Crystal Palace, Everton, Fulham, and Wolves—are in the top 30, while Barcelona have dropped from fourth to sixth place due to a £53 million ($65 million) decline in matchday revenue brought on by Camp Nou’s renovations.

Rank	Club	Matchday	Broadcast	Commercial	Total (€m)
1	Real Madrid	248,000	316,000	482,000	1,046,000
2	Man City	88,000	343,000	407,000	838,000
3	Paris Saint-Germain	170,000	245,000	391,000	806,000
4	Man United	152,000	258,000	360,000	771,000
5	Bayern Munich	131,000	213,000	421,000	765,000
6	Barcelona	103,000	236,000	421,000	760,000
7	Arsenal	153,000	305,000	258,000	717,000
8	Liverpool	132,000	240,000	343,000	715,000
9	Tottenham	123,000	195,000	297,000	615,000
10	Chelsea	93,000	190,000	262,000	546,000
11	Borussia Dortmund	93,000	206,000	215,000	514,000
12	Atletico de Madrid	74,000	218,000	117,000	410,000
13	AC Milan	87,000	161,000	150,000	398,000
14	Internazionale	81,000	198,000	112,000	391,000
15	Newcastle	68,000	215,000	90,000	372,000
16	Juventu	55,000	100,000	201,000	Juventus
17	West Ham	52,000	195,000	76,000	322,000
18	Aston Villa	53,000	215,000	43,000	310,000
19	Marseille	68,000	117,000	102,000	287,000
20	Lyon	34,000	95,000	135,000	264,000

Real Madrid are top of the Deloitte Money League.They earned over €1bn last season, €208m more than second-placed Manchester City with the renovated Bernabeu earning €10m a game.Six of the top 10 are Premier League sides.✍️ @PJBuckingham🔗 https://t.co/n0AZPYaazR pic.twitter.com/eetSpRNTXL

— The Athletic | Football (@TheAthleticFC) January 23, 2025

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