Liverpool have claimed the title of the highest-earning club in the Premier League for the first time, according to the latest edition of Deloitte’s Football Money League report. The 2026 report, which analyzes revenues from the 2024/25 season, highlights a landmark achievement for the Merseyside club while confirming Real Madrid’s continued dominance at the global level.
The Deloitte Football Money League ranks the world’s highest revenue-generating football clubs based on their financial performance over the previous season. In this edition—the 29th annual report—the top 20 clubs collectively generated a record-breaking €12.4 billion in total revenue, marking an 11% increase from the prior year’s €11.2 billion. This growth was fueled in part by commercial revenues reaching an all-time high of €5.3 billion, surpassing €5 billion for the first time and accounting for 43% of the overall total.
Real Madrid retained their position at the summit for the third consecutive year, posting revenues close to €1.2 billion (specifically around €1.161 billion in some breakdowns). This figure underscores the Spanish giants’ exceptional commercial strength, bolstered by matchday income from their revamped Santiago Bernabéu stadium, broadcasting deals, and global sponsorships.
Behind Real Madrid, the top five global rankings featured FC Barcelona in second place with €975 million, followed by Bayern Munich (€861 million), Paris Saint-Germain (€837 million), and Liverpool in fifth (€836 million). Notably, this marks the first time no Premier League club has cracked the global top four, with Liverpool’s strong showing elevating them as the leading English representative.
For Liverpool, the €836 million revenue figure (equivalent to approximately £702 million) represents a significant milestone. It surpasses other Premier League sides, including Manchester City (€829 million) and Manchester United (€793 million), the latter of which dropped to their lowest position in the rankings’ history. Liverpool’s rise was driven by a combination of factors, including a substantial 34% increase in broadcast revenue—largely from their participation in the UEFA Champions League—and a 7% uptick in commercial income from non-matchday activities at Anfield.
The report reflects the financial landscape of the 2024/25 campaign, a season in which Liverpool secured the Premier League title, contributing to their on-pitch success translating into stronger off-field earnings. Overall, the findings illustrate the growing financial divide between Europe’s elite clubs and the rest, as well as the increasing importance of diversified revenue streams in an era of escalating costs and competition.
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