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.”
CRISTIANO RONALDO PROTESTS AL-HILAL'S BENZEMA DEAL BY SKIPPING AL-NASSR LEAGUE MATCH
Cristiano Ronaldo is fuming. Discover why the Al-Nassr star skipped his last match and is now threatening to leave Saudi Arabia.
Cristiano Ronaldo has been the main attraction in the Saudi Pro League ever since he landed in the Middle East three years ago. Now, for the first time, it looks like he’s actually thinking about leaving. He’s frustrated. He feels the playing field isn’t level, and it’s starting to get to him.
Here’s the deal: Four clubs in the league—Al-Ittihad, Al-Nassr, Al-Hilal, and Al-Ahli—get their backing straight from the state. But Ronaldo sat out Al-Nassr’s match against Al-Riyadh on Monday night. Why? He was protesting. He found out Al-Hilal was about to sign Karim Benzema from Al-Ittihad, and that was the last straw. From Ronaldo’s perspective, Al-Hilal keeps getting more freedom to splash cash than everyone else. They’re the current champions, and Ronaldo still hasn’t managed to win his first Saudi title.
Saudi officials tried to calm him down. According to Diario AS, they reached out and argued that most of Al-Hilal’s extra spending comes from Prince Al-Waleed bin Talal, not the Public Investment Fund (PIF). Al-Hilal just brought in Kader Meite for €30 million, Saimon Bouabre for €23 million, and now Benzema. Al-Nassr, on the other hand, only managed two free transfers this winter. Sure, they spent a lot more in the summer, but that didn’t seem to matter to Ronaldo.
Reports from Portugal, cited by AS, say Ronaldo’s not ruling anything out—not even leaving Saudi Arabia this summer. That’s despite just signing an extension with Al-Nassr until 2027.
And honestly, he has a point. Since he arrived, Al-Hilal have spent €647 million, while Al-Nassr have shelled out €410 million and Al-Ittihad €365 million. These numbers probably don’t include salaries—and let’s face it, nobody’s making more than Ronaldo. He’s supposed to return on Friday when Al-Nassr face Al-Ittihad, but right now, no one really knows if he’ll play or if he’s planning his next move.
N’GOLO KANTE SKIPS TRAINING AS AL-ITTIHAD BLOCK HIS MOVE TO FENERBAHCE OFFICIALLY
N’Golo Kante has gone on strike at Al-Ittihad after a paperwork error blocked his move to Fenerbahce. Can he still sign by Friday?
N’Golo Kanté didn’t show up for Al-Ittihad training on Tuesday, and it’s not hard to see why. He was all set to head to Fenerbahçe, but the deal fell apart at the last minute—apparently because Al-Ittihad messed up some paperwork. Kante was supposed to fly to Istanbul and sign, but thanks to this administrative slip, he’s stuck in limbo. There’s still a shot at reviving the transfer sinceKanté Turkey’s transfer window stays open until Friday, February 6.
Kante was one of the first big European names to jump to the Saudi Pro League, joining Al-Ittihad in 2023 after seven years with Chelsea. He’s been a key player in Jeddah, helping Al-Ittihad win the 2024-25 league title and the King’s Cup.
Then, in the middle of the January window, word got out that Fenerbahce wanted him. The Turkish club were eager to add a World Cup winner to their squad. The plan was to swap Kante for Youssef En-Nesyri, who’d head to Saudi Arabia. Everything seemed set until deadline day, when news broke that an error by Al-Ittihad in the Transfer Matching System stopped the transfer cold.
Fenerbahce didn’t hold back. They blamed Al-Ittihad directly, saying they’d done everything right: agreements with the players, medicals, paperwork, all wrapped up on time. But Al-Ittihad entered something wrong in the system, and that was that. Fenerbahçe even asked for an extension and reached out to FIFA, but nothing moved. In the end, the deal died, and Fenerbahçe put out a statement saying they understood the frustration and would keep working to strengthen the squad.
Meanwhile, Kante’s making his feelings clear. According to Ben Jacobs, he skipped training on Tuesday, still hoping the move to Fenerbahce can happen. Santi Aouna says talks between the clubs aren’t dead yet. L’Equipe is reporting that Kanté doesn’t want to play for Al-Ittihad while he waits for FIFA’s decision. With the Turkish window open until Friday, there’s still a glimmer of hope for Kante, though En-Nesyri’s move is off the table for now.