Real Madrid Tops Global Revenue Rankings for Third Consecutive Year

Spanish giants Real Madrid have once again been crowned the highest-revenue club in world football.

For the third consecutive year, the club leads Deloitte’s Football Money League after generating an astonishing €1.161 billion in revenue during the 2024–25 season. This marks a year-on-year increase of €115.5 million and puts Real Madrid nearly €200 million ahead of second-placed Barcelona, which earned €974.8 million. The club also comfortably outpaces Premier League heavyweights, with Liverpool sitting fifth on €836.1 million.

Crossing the €1.1 billion threshold cements Real Madrid’s status as football’s dominant economic force. What makes the achievement even more remarkable is that it comes despite a season without major silverware on the pitch in 2023–24. While trophies remain the ultimate goal, the numbers underline Madrid’s ability to thrive financially regardless of short-term sporting outcomes.

Deloitte notes that the three primary revenue streams in football, commercial, broadcasting, and matchday income, all reached record levels during the period. Real Madrid were uniquely positioned to take advantage of this growth, consolidating their place at the top of the global game. Key contributors included revenue from the newly renovated Santiago Bernabéu, alongside income from participation in elite competitions such as the Champions League and the Club World Cup.

Commercial revenue was the standout, increasing by 23 percent to around €570 million, fueled by improved merchandising sales and new commercial partners. Broadcast revenue added €323 million, keeping Real Madrid at the very top in both categories.

Even without trophies, Real Madrid proves that financial dominance in modern football is about more than just results on the pitch. It is about strategy, branding, and seizing every opportunity to grow.

The 2024–25 Deloitte Money League [Top 20]

Below is the full top-20 ranking from Deloitte’s report, highlighting just how far ahead Real Madrid currently stand:

1. Real Madrid – €1,161.0m
2. Barcelona – €974.8m
3. Bayern Munich – €860.6m
4. Paris Saint-Germain – €837.0m
5. Liverpool – €836.1m
6. Manchester City – €829.3m
7. Arsenal – €821.7m
8. Manchester United – €793.1m
9. Tottenham Hotspur – €672.6m
10. Chelsea – €584.1m
11. Inter – €537.5m
12. Borussia Dortmund – €531.3m
13. Athletic Club – €454.5m
14. Aston Villa – €450.2m
15. AC Milan – €410.4m
16. Juventus – €401.7m
17. Newcastle United – €398.4m
18. Stuttgart – €296.3m
19. Benfica – €283.4m
20. West Ham United – €276.0m