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.
| Rank | Club | Total Revenue (Million Euros) |
|---|---|---|
| 1 | Real Madrid | 1,045.5 |
| 2 | Manchester City | 837.8 |
| 3 | Paris St Germain | 805.9 |
| 4 | Manchester United | 770.6 |
| 5 | Bayern Munich | 765.4 |
| 6 | Barcelona | 760.3 |
| 7 | Arsenal | 716.5 |
| 8 | Liverpool | 714.7 |
| 9 | Tottenham Hotspur | 615.0 |
| 10 | Chelsea | 545.5 |
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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