In a dominant display of financial prowess, Real Madrid has broken the billion-euro barrier in annual revenue, according to Deloitte’s Money League study. The Spanish club’s record-breaking revenue is accompanied by a slew of Premier League clubs making significant strides in the rankings.
Deloitte Money League: Real Madrid Top, Man City Second, Man Utd Fourth
Real Madrid have become the first football club to generate more than 1 billion euros in annual revenue, according to analysis by Deloitte. The Spanish club retain top spot in Deloitte’s Money League study with revenue of 1.05 billion euros (£883m) from a 2023-24 season in which they won La Liga and the Champions League.
Manchester City Close Second
Manchester City are again second with revenue of £708m. They won an unprecedented fourth consecutive Premier League title and the Club World Cup and European Super Cup last season. Paris St-Germain (£681m), Manchester United (£651m), and Bayern Munich (£646m) complete the top five.
Nine Premier League Clubs in Top 20
Aston Villa enter the top 20 after competing in Europe last season for the first time since 2011. Nine Premier League clubs are in the top 20, with Arsenal, Liverpool, Tottenham, Chelsea, Newcastle, and West Ham retaining their places. Lyon are the only other new club, with Napoli and Eintracht Frankfurt dropping out.
Revenue Growth Across Top 20 Clubs
Revenues for the top 20 clubs rose by 6% to a record £9.47bn. Matchday revenue was the fastest growing revenue stream, rising by 11% to £1.77bn, helped by an increase in stadium capacity, ticket prices, and premium hospitality. Real benefited most from an increase in matchday revenues, generating £210m – double last year’s figure – after renovation of their Bernabeu Stadium.
Women’s Football Revenue Growth
Deloitte’s analysis of 15 leading revenue-generating women’s clubs showed total revenue of more than 100 million euros for the first time, rising by 35% to £98m. Barcelona remain top for the third successive year, with revenue climbing 26% to £15.1m. Arsenal move from fifth to second with £15.1m overall, including a 64% increase in matchday revenue to £4.3m.
Commercial Revenue Dominates
Commercial revenue is the largest revenue source, accounting for 66% of revenue among the top 15 women’s clubs, with broadcast and matchday revenues both 17%. Matchday revenue was helped by a rise in attendances, pushing WSL and Women’s Championship cumulative attendance above one million for the first time.
