An international consultancy, Deloitte, has published a comprehensive assessment of profitability among Europe’s leading football clubs for the 2022/23 season. The study highlights how much revenue clubs generated across Europe, and it reveals the shifting sources of earnings that shape the modern game.
At the top of the chart is Real Madrid, reporting 831 million Euros in revenue for the season, a figure that marks a return to form after a strong prior year. In second place, Manchester City — the reigning Premier League and Champions League winners — posted 826 million Euros in revenue. City had led the standings in the previous year, underscoring a sustained period of commercial strength alongside competitive success. Paris Saint-Germain follows closely in third place with 802 million Euros in revenue.
Across Europe’s elite 20 clubs, total revenues rose by about 14 percent, reaching a record 10.5 billion Euros. This growth was driven by record matchday and advertising revenues that underscored the changing economic landscape of football. Notably, commercial income surpassed broadcast revenue in this period, marking the first time since the 2015/16 season that non-broadcast earnings led the club coffers.
The list of the most profitable clubs includes several familiar names. Barcelona posted 800.1 million Euros, while Manchester United reached 745.8 million. Bayern Munich earned 744 million, and Liverpool reported 682.9 million. Tottenham Hotspur, based in London, logged 631.5 million, followed by Chelsea at 589.4 million and Arsenal at 532.6 million in revenue terms.
In other recent developments, Barcelona faced a setback in domestic competition as they were eliminated from the Spanish Cup, a reminder that on-field outcomes continue to influence financial performance and public perception alongside the broader revenue mix.