Real Madrid becomes the first club to generate €1 Billion revenue in a single season

Real Madrid has achieved a special milestone, becoming the first-ever football club to generate €1 Billion in revenue in a single season. The Spanish giants have topped the list of football clubs worldwide in the 28th Football Money League report, assessed by Deloitte. 

According to the report's evaluation of the 2023-24 season, Real Madrid has become the first-ever football club to acquire such a mammoth figure, generating a huge 25.8% increase compared to their revenue for the 2022-23 season. 

🏆 Our European Champions Report 2025 reveal a historic milestone for Real Madrid C.F., who became the first football club to surpass €1 billion in total operating revenues.

🔗 Read the full European Champions Report 2025: https://t.co/VCHUWAdUHm#football #realmadrid pic.twitter.com/z8lY0lzDxp

— Football Benchmark (@Football_BM) January 22, 2025

Another milestone for Los Blancos

Real Madrid confirmed last summer that they have secured a billion in revenue which is also the highest in their storied history.

The latest Deloitte report reassures that Los Blancos have maintained its position as the highest-earning football club for the second consecutive year.

The reigning UEFA Champions League and LaLiga champions reported revenues of €1.045 billion, representing a significant increase of 25.8% compared to the €831.4 million earned in the previous season.

🚨⚪️ Real Madrid official statement confirm they become the first football club to exceed €1BN in revenue.

27% more than the previous season. pic.twitter.com/9Xg3xupSrX

— Fabrizio Romano (@FabrizioRomano) July 23, 2024

The completion of renovations at the Santiago Bernabéu Stadium was essential in doubling matchday revenues, which increased to €248 million.

Furthermore, the club experienced a 19% rise in commercial revenues, growing from €403 million to €482 million. This boost was largely due to higher merchandise sales and new sponsorship deals.

Significantly, the difference in revenues between the top two teams is also the highest in history, as Madrid generated €208 million more than the second-placed Manchester City.

The 20 clubs included in the study generated €11.2 billion in total

Despite an 11% increase in matchday revenue, commercial revenue remained the largest source of income for the 20 Money League clubs for the second consecutive year, making up 44% of total collective revenue.

Broadcast revenue remained content at 4.3 billion euros as each of the top five European leagues: England, Spain, Italy, France, and Germany continued in the same domestic broadcast cycle as the previous season.

Premier League's television revenues helped English clubs to dominate the ranking, with six of the top 10 and nine among the 20 Money League clubs. 

Manchester City secured second place, generating revenues of €837.8 million, a modest increase of 1.4% from the previous season's €825.9 million, continuing their trend of achieving record revenues.

Man City are followed by Paris Saint-Germain (€806m), Manchester United (€771m), and Bayern Munich (€765m) respectively in the ranking.

Juventus faced the biggest drop in the rankings, slipping from the 11th to the 16th position, marking their lowest position in the Football Money League’s history with revenues of €356 million.

FC Barcelona also tackled a significant slip, dropping from 4th to the 6th position. Catalan giants reported revenues of €760.3 million, reflecting a 5% decrease from the €800.1 million achieved in the 2022/2023 season.

The recent renovations at the Camp Nou stadium instigated a €63 million decrease in the matchday revenue for Barcelona, due to hosting the matches at a smaller Montjuic Stadium.  

Timothy Bridge, lead partner in the Deloitte Sports Business Group, said the following:

While commercial revenue dominates the income of the top 10 Money League clubs, broadcast income remains crucial for teams in the second half of the rankings,

As competitions expand and create more broadcast and matchday opportunities, these can further increase the earning potential for clubs.