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Deloitte has unveiled its new annual ranking of European football club revenues. Only three Italian clubs make the top 20, and none make the top 10.
As Calciomercato.com write, every year Deloitte – one of the so-called ‘Big Four’ international consulting and auditing firms – publish their now-famous Deloitte Money League report, which analyses and ranks football clubs based on annual revenue.
This data also inevitably leads to a comparison among the world’s most important and influential clubs. The Italian teams grew in the 2024-25 season, but none have managed to enter the top 10.
According to the previous Deloitte Football Money League report (published January 2025, covering the 2023-24 season), Milan had overtaken Inter and Juventus to become the number ones in Italy for revenues.
The method and the top 10
What does Deloitte’s study take into account? The most significant items are matchday revenue (€2.4bn overall), broadcast revenue (€4.7bn) and commercial revenue (€5.3bn).
Real Madrid remain in first place in the rankings, also remaining the only club to generate over €1bn in revenue. Barcelona, even without the revenue from the Camp Nou (under renovation), returned to the podium in second place with €975m. Bayern Munich close in third with €861m.
The positions from four to 10 are: Paris Saint Germain with €837m, Liverpool with €837m, Manchester City with €928m, Arsenal with €822m, Manchester United with €794m, Tottenham with €672m and Chelsea with €584m.
Inter made a significant leap in the rankings, though not enough to break into the top 10. The Nerazzurri, with a 37% increase compared to 2023-24, reached €537.5m and ranked 11th.
Milan, with a mere 3% increase, ranked 15th with €410m, while Juventus followed in 16th place with €402m, a 13% increase. The last Italian club in the top 30 is Roma, holding on to 27th place with €216.3m.
11) Inter – €538m
12) Dortmund – €531m
13) Atletico Madrid – €455m
14) Aston Villa – €450m
15) Milan – €410m
16) Juventus – €402m
17) Newcastle – €398m
18) Stuttgart – €296m
19) Benfica – €283m
20) West Ham – €276m
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