Real Madrid made more money across the 2022/23 season than any club across Europe, taking Manchester City's spot atop the Deloitte Money League.
The Spanish giants reported their highest-ever revenue of €831.4m, an increase of €118m from the previous year, having enjoyed a rise in stadium attendance following the easing of Covid-19 protocols.
That boost gave Madrid the edge over City, whose own record revenue of €825.9m was boosted by significant rewards from their Champions League and Premier League triumphs.
For the first time in the history of this report, Paris Saint-Germain have clawed their way into the top three. An annual revenue of €801.8m sees them edge out Barcelona, whose rose from seventh to fourth on this list after a 45% rise in commercial revenue made them one of only four sides to report revenue of over €800m.
Manchester United come in fifth with €745.8m - an 8% rise from the previous season - while Bayern Munich reported revenue of €744m.
Sitting in seventh are Liverpool, who tumble down from third in last season's rankings as just one of three teams to actually report a decrease in revenue across the 2022/23 campaign. Their poor performances on the pitch kept their revenue at €682.9m.
Hotspur (€631.5m), Chelsea (€589.4m) and Arsenal (€532.6m) round out the top ten. Elsewhere, Newcastle United (17th) and West Ham United (18th) are the other two Premier League sides to reach the final rankings.
The 20 highest-earning clubs in the world in 2022/23
Rank | Team | Revenue |
|---|---|---|
1 | Real Madrid | €831.4m |
2 | Manchester City | €825.9m |
3 | PSG | €801.8m |
4 | 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 | Inter | €378.9m |
15 | Atletico Madrid | €364.1m |
16 | Eintracht Frankfurt | €293.5m |
17 | Newcastle United | €287.8m |
18 | West Ham United | €275.1m |
19 | Napoli | €267.7m |
20 | Marseille | €258.4m |
