Liverpool and Manchester United have different fortunes when it comes to their ranking in the Deloitte Football Money League
Liverpool made financial history with their spot in the Deloitte Football Money League, while Manchester United dropped dramatically in the rankings. In the 29th edition of the Money League, the top 20 highest revenue generating football clubs for the 2024/25 season were revealed by the Deloitte Sports Business Group.
The respective clubs made collective history after generating a record £10.4billion (€12bn) in revenue for the first time. The mammoth figure marks an 11% figure in all three main revenue streams of commercial revenue, matchday revenue and broadcast revenue, which increased from last season.
The top four spots were dominated by several of Europe's footballing superpowers with Real Madrid retaining their spot, having earned close to £1bn (€1.2bn). The Spanish giants were followed closely by Barcelona who generated £849million (€975m) with Bayern Munich rounding out the top three with £750m (€861m) earned.
Paris Saint-Germain are the lone Ligue 1 club on the entire list and rank fourth with last year's revenue tipping the scales at £729m (€837m). Next up are the reigning Premier League champions as Liverpool became the highest revenue generating English club for the first time as they earned £728m (€836m), following their historic title-winning campaign last year.
FOLLOW OUR LIVERPOOL FB PAGE! Latest Reds news and more on our dedicated Facebook page
The 2024/25 campaign proved to be a financially fruitful one for the Reds whose increased revenue was also bolstered by their return to the UEFA Champions League. The club also saw a 7% increase in commercial revenue thanks to additional non-matchday events at Anfield.
Music struck big at the iconic stadium with the likes of Bruce Springsteen, Dua Lipa and Lana Del Rey all performing at Anfield. Liverpool's financial success certainly wasn't matched by the Red Devils who suffered quite the dramatic drop from fourth to eighth in the Money League after a historically-bad campaign last season.
United's revenue last year topped out at £691m (€793m) but their broadcast revenue fell from £224m (€258m) to £179m (€206m) after missing out on European football entirely while finishing 15th in the Premier League - the club's worst domestic campaign in 35 years.
The list was dominated by English clubs with nine top-flight sides making the cut. Liverpool were followed by Manchester City who dropped four places to sixth with their revenue falling to £722m (€829m).
Pep Guardiola's side suffered an unusually early Champions League exit as they were knocked out in the knockout phase play-offs, while finishing third domestically - their lowest position since the Spaniard's arrival a decade ago.
Four Premier League clubs were ranked from seventh to 10th as Arsenal's earnings of £722m (€821m) left them closely behind. After United, it's Tottenham Hotspur who sit ninth as they generated £585m (€672m) despite a 17th-placed finish, but did end their 17-year trophy drought by winning the Europa League.
Their city rivals Chelsea retained their position of 10th thanks to their return to the Champions League while also winning the Conference League and FIFA Club World Cup. The Blues' collection of silverware contributed to their 24/25 revenue of £509m (€584m).
Aston Villa rose four places from last year and sit 14th in the rankings following their run to the Champions League quarter-finals in the 24/25 campaign with their earnings topping out at £392m (€450m).
While Newcastle's Carabao Cup final victory last season isn't exactly filling their wallets, the Magpies still find a place in the Money League list, but did drop down two places from last year. The club's revenue sat at £346m (€398m).
Relegation contenders West Ham may be staring at the possibility of competing in the Championship later this year but the Hammers remain one of Europe's highest generating clubs. However, they stillt fell from last year's position of 17 to 20.
West Ham's revenue of £242m (€278m) was affected by their 14th-placed finish in the league, as well as the absence of European football for the first time in four seasons.