Los Blancos have once again been crowned the highest-revenue club in world football according to Deloitte
Real Madrid continue to operate in a financial stratosphere of their own. According to Deloitte’s latest Football Money League report, Los Blancos have once again been crowned the highest-revenue club in world football — and by a significant margin.
For the third consecutive year, the club tops Deloitte’s global ranking after generating €1.161 billion in revenue during the 2024–25 season. That figure represents a year-on-year increase of €115.5 million and places Real Madrid nearly €200 million ahead of second-placed Barcelona (€974.8m). It also puts them well clear of the Premier League’s financial heavyweights, with Liverpool the highest English club in fifth place on €836.1m.
A Billion-Euro Benchmark
Crossing the €1.1 billion threshold further cements Real Madrid’s status as football’s dominant economic force. What makes the achievement even more striking is that it comes despite a season without major silverware on the pitch in 2023–24. While trophies remain the club’s ultimate objective, the numbers underline Madrid’s ability to thrive financially regardless of short-term sporting outcomes.
Deloitte notes that football’s three primary revenue streams — commercial, broadcasting, and matchday income — all reached record levels across the industry. Real Madrid were uniquely positioned to take advantage of this growth, consolidating their place at the top of the global game.
Key contributors included revenue generated through the operation of the renovated Santiago Bernabéu, alongside income from participation in elite competitions such as the Champions League and the Club World Cup.
Commercial Revenue Drives the Gap
The central pillar of Real Madrid’s financial dominance remains its commercial arm. According to Deloitte, the club’s commercial revenue increased by 23% over the previous season, fueled by stronger merchandising sales and the addition of new global commercial partners.
The scale of that growth is such that Real Madrid’s commercial revenue alone would be enough to rank the club inside the top ten of the Money League — a threshold currently occupied by Chelsea at €584.1m in total revenue. This commercial strength also helped Madrid absorb a 6% drop in matchday revenue, largely linked to fluctuations tied to stadium usage and scheduling.
In short, Real Madrid’s business model is no longer dependent on any single income stream. Instead, it is built on diversification, global reach, and the growing monetization of the Bernabéu as a multi-purpose venue.
The 2024–25 Deloitte Money League (Top 20)
Below is the full top-20 ranking from Deloitte’s report, highlighting just how far ahead Real Madrid currently stand:
- Real Madrid – €1,161.0m
- Barcelona – €974.8m
- Bayern Munich – €860.6m
- Paris Saint-Germain – €837.0m
- Liverpool – €836.1m
- Manchester City – €829.3m
- Arsenal – €821.7m
- Manchester United – €793.1m
- Tottenham Hotspur – €672.6m
- Chelsea – €584.1m
- Inter – €537.5m
- Borussia Dortmund – €531.3m
- Athletic Club – €454.5m
- Aston Villa – €450.2m
- AC Milan – €410.4m
- Juventus – €401.7m
- Newcastle United – €398.4m
- Stuttgart – €296.3m
- Benfica – €283.4m
- West Ham United – €276.0m
A Growing Divide
The latest Money League figures reinforce a trend that has been developing for years: Real Madrid are not merely competing with Europe’s elite — they are financially separating from them (at least from a revenue standpoint). With sustained growth across commercial partnerships, global merchandising, and stadium-driven revenue, the club has set a benchmark few others appear capable of matching.
As football’s economic landscape continues to evolve, Deloitte’s report makes one thing clear: when it comes to revenue generation, Real Madrid are not just winning — they are redefining the scale of the game.
Category: General Sports
