Madrid and Barcelona top Deloitte Money League as Premier League slips from the top four
Real Madrid led Deloitte's 2024-25 Football Money League with about £975m in revenue, narrowly ahead of Barcelona (just over £800m); Liverpool surpassed £700m to sit fifth, marking the first time no English club is in the top four. Growth is driven by commercial income (Madrid £499m, Barca £438m), with broadcast revenue remaining sizeable and some clubs posting losses despite high revenues. Wages as a share of revenue averaged about 55.5% across the 19 clubs reporting salaries, indicating cost control even as overall revenues hit new highs.