Overview
- Real Madrid led the 2024/25 rankings with about €1.16 billion, powered by €594 million in commercial income linked to the revamped Santiago Bernabeu.
- The top 20 clubs generated a record €12.4 billion, up 11% year over year across commercial, matchday and broadcast streams.
- Liverpool ranked fifth on €836 million to become England’s top earner for the first time, helped by a Premier League title, Champions League revenues and non-matchday events at Anfield.
- Manchester United fell to a worst-ever eighth with €793 million as broadcast income dropped from €258 million to €206 million after missing the Champions League, with Deloitte flagging further matchday pressure this season.
- Commercial revenue formed the largest share (~43%) as matchday rose fastest (up ~16% to ~€2.4bn) and broadcast grew ~10%, with Club World Cup participants seeing an average ~17% uplift; Arsenal Women led the women’s list at €25.6 million.