Manchester City lose place as highest revenue generating football club in Deloitte league

Real Madrid have topped the 2024 Deloitte Money League ranking the highest revenue generating football clubs in the world, leapfrogging Manchester City into 1st.

Revenues for the top-20 clubs are stated to have risen by 14% to a record €10.5 billion, including record commercial and matchday revenues of €4.4 billion and €1.9 billion respectively.

Commercial revenue has also overtaken broadcast revenue as the largest income stream for the first time since 2015/16, excluding the Covid-19 impacted 2019/20 season, with 17 of the top-20 clubs reporting a year-on-year increase.

Elsewhere and broadcast income rose by just 5% to €4.2 billion, largely due to the 2022/23 season falling within existing domestic broadcast cycles. To conclude, on average the 20 clubs had an average revenue of more than €500 million.

According to complete analysis conducted by Deloitte, Real Madrid have now overtaken Treble winners Manchester City to become the highest revenue generating football club, despite record revenues from both clubs across the 2022/23 season.

The La Liga giants generated a record revenue of €831 million to top Deloitte’s Money League study, while the Premier League champions dropped down to second despite their own record figure of €826 million in a history-making season.

Deloitte’s top-20 ranking for 2024

1. Real Madrid, €831.4M
2. Manchester City, €825.9M
3. Paris Saint-Germain, €801.8M
4. FC Barcelona, €800.1M
5. Manchester United, €745.8M
6. Bayern Munich, €744M
7. Liverpool, €682.9M
8. Tottenham Hotspur, €631.5M
9. Chelsea, €589.4M
10. Arsenal, €532.6M
11. Juventus, €432.4M
12. Borussia Dortmund, €420M
13. AC Milan, €385.3M
14. FC Internazionale Milano, €378.9M
15. Atletico De Madrid, €364.1M
16. Eintracht Frankfurt, €293.5M
17. Newcastle United, €287.8M
18. West Ham United, €275.1M
19. SSC Napoli, €267.7M
20. Olympique De Marseille, €258.4M