Real Madrid have become the first football club to surpass €1bn in annual revenue, as revealed in Deloitte’s Money League report.
The Spanish giants recorded revenue of €1.05bn (£883m) for the 2023-24 season, during which they clinched the La Liga and Champions League titles. This milestone secures their top spot in the rankings, with Manchester City (€826m/£708m) and Paris St-Germain (€796m/£681m) following in second and third, respectively.
Record-Breaking Revenues
The top 20 clubs collectively generated £9.47bn, a 6% increase from the previous year. Matchday revenues were the fastest-growing segment, rising by 11% to £1.77bn, driven by stadium renovations, higher ticket prices, and premium hospitality offerings.
Real Madrid led the matchday surge, doubling their revenue to £210m following extensive renovations to the Santiago Bernabeu. Conversely, Barcelona saw their matchday income drop by £53m due to a temporary move to a smaller stadium during Nou Camp redevelopment.
Premier League Dominance
Nine Premier League clubs, including Arsenal, Liverpool, and Newcastle, feature in the top 20, with Aston Villa entering for the first time since 2011. Brighton narrowly missed the cut, ranking 21st after their Europa League debut.
Commercial Revenue Leads
Commercial activities accounted for 44% of total revenue, driven by sponsorships and non-football events like concerts, which boosted income to £4.14bn.
“Money League clubs continue to break records with ongoing growth in commercial and matchday revenues,” said Tim Bridge, lead partner at Deloitte’s sports business group.
The rankings highlight the financial strength of European football’s elite, with Real Madrid setting a new benchmark in revenue generation.
