Liverpool achieved a significant financial milestone by securing a position in the latest Deloitte Football Money League rankings, whereas Manchester United experienced a notable decline. The 29th edition of the Money League unveiled the top 20 football clubs that generated the highest revenue for the 2024/25 season, according to the Deloitte Sports Business Group.
These clubs collectively made history by generating a record-breaking £10.4 billion (€12 billion) in revenue for the first time. This remarkable figure reflects an 11% increase across all major revenue streams, including commercial revenue, matchday revenue, and broadcast revenue, compared to the previous season.
The top positions in the rankings were dominated by European football powerhouses, with Real Madrid maintaining their leading position, earning nearly £1 billion (€1.2 billion). Following closely behind were Barcelona, with revenue of £849 million (€975 million), and Bayern Munich in third place, with earnings of £750 million (€861 million).
Paris Saint-Germain emerged as the sole representative from Ligue 1 on the list, securing the fourth spot with revenue of £729 million (€837 million). Liverpool, the reigning Premier League champions, claimed the fifth spot, becoming the top-earning English club for the first time with revenue of £728 million (€836 million), following their historic title-winning campaign last season.
Liverpool’s financial success in the 2024/25 season was attributed to their return to the UEFA Champions League and a 7% increase in commercial revenue, driven by non-matchday events at Anfield. The iconic stadium also hosted major music events featuring renowned artists like Bruce Springsteen, Dua Lipa, and Lana Del Rey.
In contrast, Manchester United faced a significant drop from fourth to eighth in the Money League rankings due to a poor performance in the previous season. The club’s revenue decreased from £691 million (€793 million) to £179 million (€206 million) in broadcast revenue, following their absence from European competitions and a disappointing 15th-place finish in the Premier League.
English clubs dominated the list, with nine Premier League teams making the cut. After Liverpool, Manchester City dropped to sixth place with revenue of £722 million (€829 million), impacted by an early Champions League exit and a third-place finish domestically.
Arsenal followed closely behind in seventh place, while Tottenham Hotspur ranked ninth despite a lower finish in the league, as they ended their trophy drought by winning the Europa League. Chelsea retained their tenth position, boosted by their success in the Champions League, Conference League, and FIFA Club World Cup.
Aston Villa climbed four places to 14th following their impressive run to the Champions League quarter-finals, while Newcastle, despite winning the Carabao Cup, dropped two places in the rankings. West Ham, despite being at risk of relegation, remained among the top revenue-generating clubs in Europe but fell from 17th to 20th due to a lower league finish and absence of European competition.
Sky announced a price reduction for its Essential TV and Sky Sports bundle for the upcoming season, offering more live matches across various leagues. The broadcaster will showcase a greater number of Premier League games, providing enhanced coverage for football fans.