Revealed: The list of the 10 richest clubs in the World, with a club surpassing $1 billion for the first time

Real Madrid has officially become the first soccer club ever to generate over €1 billion in revenue in a single season. The Deloitte Football Money League report for 2025 reveals Real Madrid’s remarkable achievement, with revenue reaching nearly €1.046 billion (£883 million) during the 2023-24 season. This landmark achievement underscores Real Madrid’s position as a leading force in the global football economy.

Real Madrid’s financial success can be attributed to several factors, with the newly renovated Santiago Bernabéu Stadium playing a key role. Matchday revenue doubled to €248 million, thanks to increased capacity and premium seating options.

Commercial revenue also saw a significant increase, further bolstering the club’s financial performance. This impressive revenue demonstrates the financial benefits of stadium redevelopment projects.

Real Madrid’s financial power has allowed them to adapt their transfer strategy. In recent years, they have prioritized acquiring and developing young players, shifting away from the “Galácticos” policy of signing established stars at significant costs. This strategic shift reflects a long-term approach to building a sustainable financial model and developing talent within the club. This decision has had a significant impact on the club’s financial stability.

The top 10 richest men’s clubs

The Deloitte Football Money League 2025 top 10 richest men’s clubs are:

1. Real Madrid – €1.0455 billion
2. Manchester City – €837.8 million
3. Paris Saint-Germain – €805.9 million
4. Manchester United – €770.6 million
5. Bayern Munich – €765.4 million
6. Barcelona – €760.3 million
7. Arsenal – €716.5 million
8. Liverpool – €714.7 million
9. Tottenham Hotspur – €615 million
10. Chelsea – €545.5 million

The 2023-24 season saw record revenue generation across the Deloitte Football Money League, with clubs generating a combined €11.2 billion—a 6% increase compared to the previous season. This remarkable increase reflects growth across matchday, commercial, and broadcast revenue streams. The average club in the Money League generated €560 million in revenue. This data highlights the overall financial success of the top soccer clubs and the continued growth of the sport.

Key revenue drivers: Matchday, commercial, and broadcast

Several key factors contributed to the increase in revenue. Matchday revenue saw an 11% year-on-year increase, exceeding €2 billion for the first time. Commercial revenue remained the largest source, reaching €4.9 billion—a 10% increase.

Broadcast revenue also contributed significantly to the overall financial success of the clubs in the Money League. The analysis suggests that several factors contribute to the overall financial health of leading football clubs.

Stadium redevelopment projects significantly impacted revenue generation. Many clubs are pursuing stadium renovations, recognizing the potential for increased matchday and commercial revenue.

The improved retail performance and increased sponsorship revenues also highlight the successful implementation of brand activation strategies. This analysis shows how improvements in infrastructure and brand management are essential components in achieving financial success.

Real Madrid’s newly renovated Bernabéu Stadium played a pivotal role in their record-breaking revenue. The marketing of Personal Seat Licenses, the sale of new VIP seats, and the increased stadium capacity all contributed significantly to their matchday revenue. The club also reported a 20% increase in commercial revenue, further highlighting their success. This case study highlights the importance of strategic investment and effective management in maximizing revenue generation.