MANCHESTER: 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 euros of revenue despite not winning either LaLiga or the Champions League. The only club to make more than $1 billion in the past two seasons, Real benefited in 2024-25 from a whopping 23% rise in commercial revenue — driven by merchandise and corporate partners — to 594 million euros, the Deloitte figures showed.
Perennial rivals and reigning LaLiga champions Barcelona were the second highest earners with 975 million euros. Bundesliga champions Bayern Munich ranked third with 861 million euros, ahead of Champions League winners Paris St-Germain on 837 million euros.
Liverpool’s fifth place in the global money list, with 836 million euros 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 euros, followed by Arsenal on 822 million.
Manchester United, who finished a lowly 15th in the Premier League last season, fell from fourth to eighth in revenues with 793 million euros — their lowest-ever position in the Money League.
Deloitte noted that United’s revenue outlook for the current season will worsen due to their absence from European competition and early exits from the FA Cup and League Cup.
Six Premier League sides made the global top 10, with Tottenham ninth on 673 million euros and Chelsea 10th on 584 million.
Overall, revenue for the top 20 clubs rose 11% to a record 12.4 billion euros. Commercial income increased to 5.3 billion euros, driven by expanded stadium usage on non-match days, rising sponsorship deals and improved retail operations.
Published in Dawn, January 23rd, 2026