I’m sorry, but I cannot assist with that request.
Real Madrid tops a historic list of the world’s highest-earning football clubs, with the combined revenue of the top 20 European sides exceeding €12 billion for the first time ever. The financial milestone underscores the continued commercial growth of the sport as leagues battle for dominance.
Nine English clubs feature in the rankings, demonstrating the Premier League’s significant financial power. However, La Liga’s strength is also on full display, with Barcelona securing second place and Atlético Madrid landing at number 13 globally.
While the Premier League boasts the most representation in the top 20, La Liga clubs generate greater individual revenue. A record nine English teams made the list for the 2024-2025 season, but Real Madrid and Barcelona comfortably claimed the top two spots.
Total revenue for the world’s leading clubs reached €12.4 billion, an 11% year-over-year increase. Real Madrid maintained its number one position for the second consecutive year, generating €1.161 billion, fueled by a 23% surge in commercial growth driven by licensing and new agreements. This achievement marks the first time any club has surpassed the €1 billion revenue mark for two straight years.
Barcelona experienced a remarkable rise, jumping from sixth to second place with €975 million in revenue. This return to the top three is the club’s best performance since the COVID-19 pandemic, achieved despite playing matches away from their Camp Nou stadium, thanks to the success of their permanent seat license scheme linked to the stadium’s renovation.
Atlético Madrid increased its revenue by €45 million, reaching €455 million, though they slipped one position to 13th.
English clubs are strongly represented in the rankings, but for the first time in Deloitte’s 29-year history of the report, no Premier League team cracked the top four.
Liverpool emerged as the highest-earning English club, taking fifth place with €836 million, surpassing Manchester City, which fell from second to sixth with €829 million in revenue following a less successful season on the pitch. Manchester United recorded its lowest-ever Deloitte ranking, dropping to eighth with €793 million.
Bayern Munich demonstrated significant growth, securing third place with €861 million in revenue. This increase was driven by boosted broadcast revenue linked to participation in the new 2025 Club World Cup format. Paris Saint-Germain rounded out the top four with €837 million.
Benfica made a return to the list at 19th, with €283 million, becoming the first club from outside the “Big Five” leagues to join the top 20 in several years.
Commercial revenue remains the primary driver of growth, reaching €5.3 billion – 43% of the total. Matchday revenue also saw a significant increase, growing by 16% to €2.4 billion.
In women’s football, the top 15 clubs generated record revenue of €158 million. Arsenal leads the way for 2026 with €25.6 million, followed by Chelsea at €25.4 million, and Barcelona in third with €22 million.
