Real Madrid football’s biggest earners, Liverpool top in EPL despite mediocre seasons
Spanish champions Barcelona second as Merseyside club are No 1 in Premier League for first time, Man Utd fall to lowest position
Real Madrid remained the biggest-earning club in world football during the 2024-25 season while Liverpool for the first time generated the most revenues in the Premier League, according to an annual financial list published on Thursday.
The Spanish club topped Deloitte’s Football Money League with €1.16 billion (US$1.36 billion) of revenue despite not winning either La Liga or the Champions League. The only club to make more than $1 billion in the past two seasons, Real Madrid benefited in 2024-25 from a whopping 23 per cent rise in commercial revenue – driven by merchandise and corporate partners – to €594 million, the Deloitte figures showed.
Perennial rivals and reigning La Liga champions Barcelona were the second-highest earners with €975 million, back in the top three for the first time in five years.
Bundesliga champions Bayern Munich ranked third with €861 million, ahead of Champions League winners Paris St-Germain on €837 million.
Liverpool’s fifth place in the global money list, with €836 million of revenues from the season they won the Premier League, was the strongest performance of any English club in the 29-year history of the rankings.
Manchester City dropped to sixth with €829 million, followed by this season’s Premier League leaders Arsenal on €822 million.