Real Madrid has once again solidified its position as the highest-earning football club globally, leading the prestigious Deloitte Football Money League for the third consecutive year in the 2024-25 season. This remarkable achievement marks the fifteenth time in 21 seasons that the Spanish giants have topped the esteemed financial ranking. The latest report, released by Deloitte Football Money League on January 22, 2026, highlights significant shifts in football’s financial landscape, most notably the unprecedented absence of any English club from the top four positions.
The aggregate revenue generated by the top 20 clubs featured in the Football Money League for the 2024-25 season reached an impressive £4.46 billion (approximately $5.99 billion). This figure represents a notable increase from the £4.2 billion (approximately $5.37 billion) reported in the previous 2023-24 season, underscoring the overall growth in football club revenues.
Real Madrid’s financial prowess was evident with a total revenue of £975 million (approximately $1.306 billion) in the last season, placing them firmly at the summit. Following closely in second place was their fierce Spanish rival, Barcelona, which recorded revenues of £819 million (approximately $1.1 billion).
Barcelona’s ascent to the second spot is particularly impressive, as they jumped from sixth place in the 2023-24 season. This substantial rise is largely attributed to their exceptional performance, securing a treble of domestic titles—La Liga, Copa del Rey, and the Spanish Super Cup—alongside reaching the semi-finals of the UEFA Champions League. These sporting successes significantly bolstered the club’s financial standing.
German powerhouse Bayern Munich secured the third position in the rankings, reporting revenues of £723 million (approximately $971 million). French champions Paris Saint-Germain, who also claimed the UEFA Champions League title, rounded out the top four with earnings of £703 million (approximately $944 million).
For the first time in the history of the Deloitte Football Money League, no English club managed to secure a spot within the top four. The leading quartet of Real Madrid, Barcelona, Bayern Munich, and Paris Saint-Germain all benefited substantially from their deep runs in both the UEFA Champions League and the FIFA Club World Cup, which provided significant financial windfalls.
Among the English clubs, Liverpool emerged as the highest earner, taking the fifth position. The Premier League champions, often referred to as the ‘Reds,’ became only the second English club to surpass the £700 million revenue mark, specifically generating £702 million (approximately $943 million). Manchester City followed closely behind Liverpool in the rankings, earning £697 million (approximately $936 million).
Arsenal secured the seventh spot with total revenues of £690 million (approximately $927 million). Manchester United, despite missing out on UEFA Champions League qualification in the prior season, ranked eighth, with earnings of £666 million (approximately $894 million). Tottenham Hotspur was positioned ninth, bringing in £565 million (approximately $759 million).
Chelsea completed the top ten, reporting revenues of £491 million (approximately $659 million). This was achieved despite their success in winning the Europa Conference League and the FIFA Club World Cup in 2025. Other notable English clubs in the top 20 included Aston Villa at fourteenth with £382 million (approximately $513 million) and Newcastle United at seventeenth, earning £335 million (approximately $450 million).
