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Deloitte Football Money League 2024-25 Revenue: Real Madrid Stays Top as Liverpool Overtake Man Utd

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Real Madrid tops the 2024-25 Deloitte Football Money League with €1.16bn revenue. Liverpool overtakes Manchester United for the first time in ranking history.

European football's elite have reached a new financial peak. Total revenue for the top 20 clubs soared by 11% to a record 12.4 billion euros ($14.5bn). According to Deloitte, Real Madrid held their crown as the world's highest-earning club during the 2024-25 season, proving that brand power can outweigh on-field trophies.

Deloitte Football Money League 2024-25 Revenue: The Top 5 Clubs

For the first time in the rankings' 29-year history, Liverpool has surpassed Manchester United in financial earnings. Here's how the top 5 clubs performed:

  • 1st: Real Madrid (1.16 billion euros / $1.36bn in revenue)
  • 2nd: Barcelona (975 million euros revenue, back in top 3)
  • 3rd: Bayern Munich (861 million euros revenue)
  • 4th: Paris St-Germain (837 million euros revenue)
  • 5th: Liverpool (836 million euros revenue, strongest-ever PL performance)

The Demise of Manchester United and Commercial Surge

It's a bitter pill for Manchester United, who fell to 8th place with 793 million euros. Their absence from European competition is taking a toll. Meanwhile, Real Madrid's commercial revenue jumped 23% to 594 million euros. Manchester City dropped to 6th with 829 million euros, while Arsenal followed closely in 7th.

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