Real Madrid's €1 Billion Revenue Milestone
Real Madrid has made history by becoming the first football club to generate over €1 billion in revenue during the 2023-24 season. This achievement highlights their dominance in the sport, while the rise of women's football and strong commercial strategies further expand financial opportunities.
1/23/20252 min read


Real Madrid Sets Record as First Club to Exceed €1 Billion in Revenue 💰⚽
Real Madrid has made football history by becoming the first club ever to generate over €1 billion (£844 million) in revenue during the 2023-24 season. This incredible financial milestone underscores their dominance both on and off the pitch. 🏆✨
Breaking Down the Numbers
Total Revenue: €1.046 billion (£883 million)
Match-Day Revenue: Doubled to €248 million after the completion of renovations to the Santiago Bernabéu Stadium. 🏟️
Commercial Revenue: Increased by 19%.
On-Pitch Success: Winners of the Champions League, La Liga, and the Spanish Super Cup. 🏆
Theo Ajadi, assistant director at Deloitte Sports Business Group, emphasized:
"One billion euros in revenue is a landmark in club football. Renovating the Bernabéu has been the key catalyst for Real Madrid’s growth."
The Revenue Gap Widens
Manchester City secured the second spot with €838 million (£708 million), followed by Paris Saint-Germain (PSG) at €806 million (£681 million), and Manchester United in fourth at €771 million (£651 million).
This marks the widest revenue gap between first and second place in the 28 years of Deloitte’s Football Money League. 🔥
Top 20 Clubs Dominate the Money Game 🤑
The top 20 revenue-generating clubs collectively made a record €11.2 billion (£9.46 billion) during the 2023-24 season, a 6% increase compared to the previous year.
Premier League Dominance:
9 clubs from the Premier League are in the top 20.
Arsenal (7th), Liverpool (8th), Spurs (9th), and Chelsea (10th).
Newcastle, West Ham, and Aston Villa rank 15th, 17th, and 18th respectively.
"The Premier League dominates thanks to its unmatched media rights and global viewership, driving the financial success of its clubs."
Women’s Football on the Rise 🚺⚽
Barcelona led the women’s football revenue rankings for the third year in a row, earning €17.93 million (£15 million)—a 26% increase from 2022-23.
Arsenal ranked a close second with €17.88 million.
Chelsea, Manchester United, and Real Madrid completed the top five.
Ajadi highlighted the growth potential in women’s football:
"Revenue in women’s football among the top 15 clubs grew by 35%. Hosting more matches in main stadiums and attracting new audiences continues to boost the game’s financial growth."
Key Takeaways: The Future of Football Finances
Real Madrid leads the pack, setting a new benchmark for financial success in football. 🌟
Premier League remains dominant, but Real Madrid’s record-breaking season widens the gap with competitors.
Women’s football is a rising powerhouse, with clubs investing heavily and seeing substantial revenue growth. 🚀
Renovated stadiums and strong commercial strategies are essential for financial expansion.
Real Madrid’s historic achievement solidifies their legacy as not only champions on the field but also trailblazers in football business. 🏅💼