North West teams dominate Deloitte Football Money League but Manchester City have been overtaken by Real Madrid for the top spot

City were in second following a record-breaking year, earning its highest ever revenue in a season, €826m with Paris Saint-Germain (€802m), FC Barcelona (€800m) and Manchester United (€746m).

Liverpool saw the greatest fall in year-on-year rankings, moving from third to seventh.

This year’s league also included women’s clubs and two North West teams made it into the top ten. Manchester United Women retained its position as second place with revenues of €8m. Manchester City Women ranked fourth, increasing its revenue by 5 per cent from last year.

The 27th edition of the Deloitte Football Money League reveals the 20 highest revenue generating football clubs globally for the 2022/23 season

2024 Money League clubs cumulatively reported record revenues of €10.5bn, an increase of 14% compared to the €9.2bn in 2021/22

Tim Bridge, lead partner in Deloitte’s Sports Business Group, said: “Another record-breaking year for Money League clubs represents the ongoing financial might of the football industry. A high demand for live sport is pointing towards further growth for commercial and matchday revenues, in particular.

“As clubs appear to no longer be able to rely on exponential broadcast revenue growth, creating a more commercially focused business model will support them to achieve greater control over their financial stability. This may include developing new merchandise, or non-match day events such as concerts to create new commercial offerings.”

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