Spanish giants Real Madrid have once again been confirmed as the highest-revenue club in world football, maintaining their financial dominance for a third consecutive year.
According to Deloitte’s latest global football ranking, Los Blancos generated an astonishing €1.161 billion during the 2024–25 season. The figure represents a year-on-year increase of €115.5 million and puts Real Madrid almost €200 million clear of second-placed Barcelona, who recorded revenues of €974.8 million.
The gap becomes even more striking when compared to the Premier League’s biggest earners. Liverpool, the highest-ranked English club on the list, finished fifth with €836.1 million in revenue, highlighting just how far ahead the Madrid-based club currently stands.
Remarkably, Real Madrid achieved these financial heights despite failing to win any major trophies during the season. Deloitte noted that football’s three core revenue streams — commercial, broadcast, and matchday income — “grew to unprecedented levels,” and Real Madrid were perfectly positioned to capitalise.
A major driver of this success was commercial revenue, which surged by 23% to approximately €570 million. Deloitte attributed this rise to improved merchandising sales and new commercial partnerships, alongside income generated from the expanded use of the revamped Santiago Bernabéu Stadium.
The club also earned €323 million from broadcast revenue, further cementing their position at the top of the global rankings in multiple categories. Additional boosts came from participation in elite competitions such as the Champions League and the Club World Cup.
Deloitte’s top-20 list underlines Real Madrid’s financial supremacy, with traditional powerhouses and emerging clubs trailing well behind. With continued innovation off the pitch, the Spanish capital club appears firmly entrenched as football’s leading revenue generator.
Deloitte Football Money League – Top 20 Clubs
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Real Madrid – €1,161.0m
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Barcelona – €974.8m
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Bayern Munich – €860.6m
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Paris Saint-Germain – €837.0m
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Liverpool – €836.1m
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Manchester City – €829.3m
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Arsenal – €821.7m
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Manchester United – €793.1m
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Tottenham Hotspur – €672.6m
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Chelsea – €584.1m
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Inter – €537.5m
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Borussia Dortmund – €531.3m
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Athletic Club – €454.5m
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Aston Villa – €450.2m
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AC Milan – €410.4m
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Juventus – €401.7m
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Newcastle United – €398.4m
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Stuttgart – €296.3m
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Benfica – €283.4m
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West Ham United – €276.0m
