European Soccer Clubs Battle for Billions Off the Pitch

Manchester City is the clear betting favorite to capture this year’s UEFA Champions League trophy, but Spanish rival Real Madrid is the new king of the most prestigious financial ranking of soccer clubs around the world. 

Real Madrid brought in $901 million in revenue during the 2022-23 season, more than any other club in the world, according to findings in the 2024 Deloitte Football Money League report. Manchester City, which topped last year’s list, brought in $895 million. Rounding out the top five:

• Real Madrid: $901 million
• Manchester City: $895 million
• Paris Saint-Germain: $869 million
• Barcelona: $867 million
• Manchester United: $808 million

In its report, which listed the top 30 revenue-generating teams globally, Deloitte indicated that clubs from the U.S. and Brazil are catching up to their European counterparts. Inter Miami, which did not make the list, has publicly set a revenue goal of $200 million for 2024. Hitting that mark would place them at No. 29 on the current list. This year’s 30th-ranked club, Everton, brought in $214 million.

Money Talks

On the women’s side, several familiar names dominate the list, which isn’t a complete snapshot given that clubs from the U.S., Australia, Japan, Norway, and Sweden did not provide Deloitte with revenue figures. From the top:

• Barcelona: $14.5 million
• Manchester United: $8.7 million
• Real Madrid: $8 million
• Manchester City: $5.75 million
• Arsenal: $5.75 million