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REAL MADRID TOPS DELOITTE MONEY LEAGUE WITH RECORD €1.16 BILLION REVENUE
For the first time in history, Liverpool has outearned Manchester United, while Real Madrid remains the world's richest club.
For the first time, Liverpool have pulled ahead of Manchester United as the Premier League’s top earners, but Real Madrid still sit at the very top of world football’s financial ladder for the 2024-25 season, according to Deloitte’s latest annual report.
Real Madrid led the pack in the Football Money League, raking in 1.16 billion euros ($1.36 billion) in revenue—even though they didn’t win La Liga or the Champions League. They’re actually the only club to break the $1 billion mark in each of the last two seasons. This year, their commercial revenue soared by 23 per cent, hitting 594 million euros ($696.6 million), thanks to booming merchandise sales and new corporate partnerships.
Barcelona, their old rivals and the reigning La Liga champs, climbed back into the top three for the first time in five years. They earned 975 million euros ($1.14 billion), taking second place.
Bayern Munich, Bundesliga champions, landed in third with 861 million euros ($1.09 billion), just ahead of Paris St-Germain, who brought in 837 million euros ($981.5 million) after winning the Champions League.
Then comes Liverpool. Their 836 million euros ($980.4 million) from the season they won the Premier League put them fifth worldwide—the strongest showing by any English club in the Money League’s 29-year history.
Manchester City dropped to sixth with 829 million euros ($721.3 million), while Arsenal, current Premier League leaders, took seventh with 822 million euros ($1.1 billion).
Now, about Manchester United—the story gets a little grim. They finished a dismal 15th in the Premier League last season, and their revenue fell from fourth to eighth, landing at 793 million euros ($929.7 million). That’s the lowest they’ve ever ranked in the Money League, after topping it a record ten times.
Deloitte pointed out that things won’t get better for United this season either. With no European matches and early exits from both the FA Cup and League Cup, their revenue outlook looks even worse.
“If you go back 10 or 15 years, United led the industry in matchday revenue,” said Tim Bridge from Deloitte’s Sports Business Group. “Their commercial muscle used to be the gold standard. That’s just not true anymore.”
Six Premier League clubs cracked the global top ten: Tottenham came in ninth with 673 million euros ($789.1 million), and Chelsea rounded out the list at tenth with 584 million euros ($684.8 million).
Total revenue for the top 20 clubs hit a record 12.4 billion euros ($14.5 billion), up 11 per cent from last year. Commercial income reached 5.3 billion euros ($6.2 billion), thanks to stadiums hosting more non-football events, bigger sponsorship deals, and better retail strategies.
Matchday revenue saw the fastest growth, jumping 16 per cent to 2.4 billion euros ($2.8 billion). Broadcast revenue also climbed by 10 per cent, boosted by the expanded FIFA Club World Cup in the US last year.
Looking ahead, Deloitte flagged the rise of Saudi Pro League clubs and Inter Miami in Major League Soccer as possible threats to Europe’s financial dominance.
“Teams stacked with star players have really lifted the global profile of these clubs and leagues,” Deloitte said. “Especially for MLS, making the most of the buzz after the 2026 FIFA World Cup could open up a whole new market of football fans in the US.”
MARSEILLE MELTDOWN: WHY MEDHI BENATIA QUIT AFTER A BITTER MASON GREENWOOD FALLOUT
Marseille meltdown: Medhi Benatia resigns as Sporting Director after clashes with Mason Greenwood. Get the latest on De Zerbi’s exit.
Marseille’s sporting director, Medhi Benatia, has quit his job after reports of friction with Mason Greenwood, the former Manchester United striker.
It’s a tough time for the club. Benatia’s exit comes with pressure piling up; Marseille’s going through a rough patch that also saw Roberto De Zerbi walk out. De Zerbi left after that brutal 5-0 defeat to Paris Saint-Germain. The team are sitting in fourth, and they just missed out on the next round of the Champions League in dramatic fashion.
Benatia, who used to play for Morocco and had a solid career with Bayern Munich, Roma, and Juventus, confirmed he’s stepping down. In his statement, he didn’t hold back: “Since I got here, I’ve poured my heart into this job with one goal: getting Marseille back where it belongs. I know this club inside out. I understand what it asks of you and the passion behind it.”
He tried to keep things positive: “We’re still in the fight. Making the Champions League is within reach, and we’re still gunning for the Coupe de France. Even with the setbacks and bad luck, the project’s still moving forward on the pitch. But I can’t ignore what’s happening around us.”
Benatia pointed to growing frustration and a communication breakdown: “In Marseille, results speak for themselves. You know I don’t sugarcoat things. With all the tension in management, I’ve handed in my resignation because, to me, the club always comes first. I don’t want to be an obstacle or a burden.”
He finished with a note of regret: “I did everything I could, but I couldn’t calm things down around the team even though I really believe they can hit their targets.”
Apparently, Benatia and Greenwood just didn’t get along. Greenwood’s been crucial for Marseille since joining in 2024, and while De Zerbi backed him publicly, things between Benatia and Greenwood reportedly got icy. L’Equipe claimed the two barely spoke, and Benatia didn’t hide his criticism on or off the field.
Some say Benatia got fed up with Greenwood ignoring commercial duties last summer and not caring about the fallout. Now De Zerbi’s on the market, a familiar name for clubs like Manchester United and Tottenham, both hunting for new managers.
De Zerbi’s already been linked to United before. After his stint at Brighton, he was apparently considered for the Old Trafford job before they stuck with Erik ten Hag.
ARRESTS AT THE MKM: WHY POLICE INTERVENED DURING HULL CITY’S FA CUP DEFEAT
Police made arrests at the MKM Stadium as Chelsea beat Hull 4-0. Read the full report on Pedro Neto's hat-trick and the fan fallout.
Hull City say police made arrests after fans started up discriminatory chants during their 4-0 FA Cup loss to Chelsea on Friday night. Early in the game, the stadium’s PA system cut in with a warning: stop the chanting, or face arrest. Stewards and police didn’t mess around in the second half; the club announced they’d actually detained some supporters.
The chant targeted Chelsea and was homophobic. It’s not the first time this kind of thing has happened. Back in 2022, the Crown Prosecution Service made it clear that a certain lyric in the chant is a homophobic slur, and using it can land you in legal trouble. Just ask Paul Boardman, a Liverpool fan who got slapped with a Wembley ban and a £500 fine for shouting it at a train station.
Meanwhile, the game itself got away from Hull. Chelsea rolled over them, with Pedro Neto bagging a hat-trick. Hull boss Sergej Jakirovic still found a few positives, though. He liked the team’s defensive setup and thought they could’ve used their counterattacks better. “We deserved at least one goal,” he said, “but if we play like this, we’ll be in a good spot in the Championship.” He’s already thinking ahead to the next match against QPR.
On the other side, Chelsea manager Liam Rosenior was back at the MKM Stadium, his old stomping ground. He was buzzing about his team’s attitude and effort, especially in the first half. “Hull are flying in the Championship, and I hope they make the Premier League,” he said. “But our mentality and quality tonight made the difference.” He singled out Pedro Neto for his work rate and finishing, but really, he seemed proud of the whole squad. “Everyone put in a shift. The mentality was spot on.”
The night was extra special for Rosenior. He had more than 20 family members in the stands and got warm applause from both sets of fans. “This club means a lot to my family and me,” he said. “I really appreciate the welcome. It was a good night all around.”
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