Real Madrid have broken financial records, becoming the first football club to surpass 1 billion euros ($1.04 billion) in annual revenue, according to the Deloitte Football Money League. The figures, covering the 2023-24 season, reveal that the Spanish and European champions earned a staggering €1,045,500,000, securing top spot in the table.
Madrid’s record earnings include €248 million from match revenue, €316 million from broadcasting and €482 million from commercial activities.
The redevelopment of the Santiago Bernabéu stadium played a central role, with match revenue doubling from the previous season, making it the highest of any club. Paris Saint-Germain is lagging behind with 170 million euros in match winnings.
Manchester City (838 million euros) comes in second place, followed by Paris Saint-Germain (806 million euros), Manchester United (771 million euros) and Bayern Munich (765 million euros). The Premier League dominates the top 10, with clubs like Arsenal, Liverpool, Tottenham Hotspur and Chelsea, alongside La Liga’s Barcelona. Collectively, the top 20 clubs generated €11.2 billion, an increase of 6% compared to the 2022-23 season.
Real Madrid’s financial dominance reflects its success on the pitch. The 2023-24 season saw them win the Champions League, beating Borussia Dortmund in the final at Wembley, and winning the La Liga title, finishing 10 points ahead of Barcelona.
The financial gap between Real Madrid and second-placed Manchester City has reached a record 208 million euros. Madrid’s commercial revenues, up 19%, remain unrivaled among the clubs studied.
The Deloitte report highlights Madrid’s strategic growth and the impact of its renovated stadium, which consolidates its status as a financial powerhouse in world football.
