Deloitte Money League: a record €11.2bn (+6%) generated by Europe's Top 20 clubs in 2023-24

The total revenues generated by the Top 20 European clubs in 2023-24 reached a record level of €11.2bn, an increase of 6% on the previous record of €10.5bn posted in 2022-23, according to the UK branch of the audit and consultancy firm Deloitte in the 2025 edition of its Football Money League report, which presents details of the revenues (excluding transfers) of the 20 European clubs that generated the most during the 2023-24 season, on 23/01/2025.

With a turnover of €1.045bn, Real Madrid CF (LALIGA EA Sports), the first club to reach the €1bn mark in revenue excluding transfers, once again top the table in 2022-23, ahead of the same two clubs: Manchester City FC (Premier League, €837.8m) and Paris Saint-Germain (Ligue 1 McDonald's, €805.9m).

The biggest jump in the top 10 was made by Arsenal FC, who climbed from 10^th to 7^th place in 2025 (€716.5m). FC Bayern Munich (Bundesliga, €765.4m), in 5^th place, is the leading German representative, while no Serie A Enilive club features in the top 10 (AC Milan is 13^th, €397.6m), as was the case in 2023 and 2024.

According to Deloitte, there…