Real Madrid have once again set the financial pace in world football, topping Deloitte’s Football Money League after generating €1.16 billion in revenue during the 2024/25 season. It keeps Los Blancos at No.1 despite not winning either LaLiga or the Champions League, underlining just how powerful the club’s off-pitch engine has become.
The headline number behind Madrid’s dominance is commercial revenue. Deloitte reports a 23% jump in commercial income to €594m, driven by stronger merchandising and new or expanded corporate partnerships. In a wild stat that shows how far Madrid have pulled away, Deloitte notes that €594m commercial revenue alone would be enough to place the club inside the Money League top 10 by itself.
Madrid also remain a matchday powerhouse. Deloitte’s club analysis says Real posted €233m in matchday revenue—still the second-highest ever recorded by a Money League club—despite a year-on-year dip linked mainly to reduced income from Personal Seat Licenses (PSL) compared with the previous season.
Why this matters for Madridistas
For Real Madrid fans, this isn’t just a “rich list” brag. It’s proof that the club’s model—global brand pull, elite sponsorship value, and stadium-led monetisation—can deliver record growth even when trophies don’t arrive in the same campaign. Deloitte also highlights a broader trend that fits Madrid’s direction: top clubs are increasingly using stadiums and surrounding facilities beyond matchdays to drive revenue growth.
Across the top 20 clubs, Deloitte reports record combined revenue of €12.4bn (+11%), with commercial income reaching €5.3bn (first time above €5bn), broadcast €4.7bn, and matchday €2.4bn.
The main challengers
Barcelona are second on €975m, with Bayern third on €861m and PSG fourth on €837m, while Liverpool sit fifth on €836m as the highest-earning English club this cycle.
