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Real Madrid Tops Deloitte Money League With €1.16 Billion as Top 20 Reach Record €12.4 Billion

Commercial income, boosted by year-round stadium monetisation, drove the gains identified in the 2024–25 report.

Overview

  • Barcelona placed second with €975 million and Bayern Munich third with €861 million, lifted respectively by a one-off premium-seat sale linked to the new Camp Nou and Club World Cup prize money.
  • Premier League clubs filled six of the top ten places, alongside PSG and Spain’s two leaders, with Liverpool reaching its highest position to date.
  • No Italian club made the top ten, as Inter ranked 11th on roughly €538 million, ahead of Milan in 15th (€410 million) and Juventus in 16th (€402 million).
  • Commercial revenues remained the biggest stream for elite clubs at about 48% of top‑10 income, stadium takings climbed 16% to €2.4 billion, and broadcasting rose 10% helped by the new FIFA Club World Cup.
  • Deloitte warns that investment-fueled clubs from the Saudi Pro League and Inter Miami in MLS pose a growing commercial challenge that could reshape future rankings.