Spanish club Real Madrid has been named the football club with the highest revenue in the world for the 2023/24 season, according to Deloitte’s Football Money League report.

For the second consecutive year, the club secured the top position, generating €1.045 billion—an increase of €214.1 million from the previous year.

Deloitte stated that the completion of renovations to the Bernabéu Stadium significantly contributed to matchday revenues, which doubled to €248 million in 2023/24.

The La Liga club also reported a 20% rise in commercial revenue, increasing from €403 million to €482 million, driven by higher merchandise sales and new sleeve sponsorships.

Following Real Madrid in the rankings are Manchester City, with revenues of €837.8 million, and Paris Saint-Germain, with €805.9 million.

Liverpool (€715 million), Tottenham Hotspur (€615 million), and Chelsea (€546 million) remained in the top 10 despite a decline in broadcast income due to their absence from the Champions League.

Barcelona experienced a €63 million drop in matchday revenue after having to play at the smaller Estadi Olímpic Lluís Companys while the Camp Nou was under renovation.

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