By Victor Kanayo
For the first time in history, Real Madrid have become the first football club to generate more than €1 billion in annual revenue.
This was disclosed via an analysis by Deloitte.
According to the analysis, the Spanish club retained the top spot in Deloitte’s Money League study with a revenue of €1.05 billion (£883 million) from the 2023-24 season in which they won the La Liga and the Champions League.
The report stated that Real benefited most from an increase in matchday revenues, generating £210 million – double last year’s figure – after renovations of their Bernabeu Stadium.
Their Spanish La Liga rivals, Barcelona, dropped from fourth to sixth after a £53 million fall in matchday revenue, with games played at a smaller stadium while the Nou Camp is redeveloped.
However, Manchester City retained their second place with revenue of £708 million. The club achieved an unprecedented fourth consecutive Premier League title and won the Club World Cup and European Super Cup last season.
Paris Saint-Germain (£681 million), Manchester United (£651 million), and Bayern Munich (£646 million) complete the top five.
Aston Villa entered the top 20 after competing in Europe last season for the first time since 2011.
Nine Premier League clubs feature in the top 20, with Arsenal, Liverpool, Tottenham, Chelsea, Newcastle, and West Ham retaining their places.
Lyon are the only other new entrant, with Napoli and Eintracht Frankfurt dropping out.
A further five Premier League clubs are in the top 30, with Brighton ranked 21st after competing in the Europa League for the first time in their history.
Crystal Palace, Everton, Fulham, and Wolves are ranked 26th to 29th.
Revenues for the top 20 clubs rose by 6% to a record £9.47 billion.
Matchday revenue was the fastest-growing revenue stream, rising by 11% to £1.77 billion, driven by increased stadium capacity, higher ticket prices, and premium hospitality.
