Liverpool's recent on-pitch successes means the club have come up big financially
Dominic Szoboszlai and Mohamed Salah celebrating in Liverpool's trophy parade
Liverpool made history in more ways than one thanks to their Premier League title win(Image: Jan Kruger/Getty Images)
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Liverpool have made financial history with their position in the Deloitte Football Money League. The 29th edition of the Money League, released by the Deloitte Sports Business Group, reveals the top 20 highest revenue-generating football clubs for the 2024/25 season.
These clubs collectively broke records by generating an unprecedented £10.4billion (€12bn) in revenue for the first time. This staggering figure represents an 11% increase across all three main revenue streams: commercial revenue, matchday revenue and broadcast revenue, compared to the previous season.
The top four spots were claimed by some of Europe's footballing giants, with Real Madrid holding onto their position after earning nearly £1bn (€1.2bn). They were closely followed by Barcelona, who generated £849million (€975m), and Bayern Munich, who brought in £750m (€861m).
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Paris Saint-Germain, the only Ligue 1 club on the list, ranked fourth with last year's revenue reaching £729m (€837m). Following them are the current Premier League champions, Liverpool, who became the highest revenue-generating English club for the first time, earning £728m (€836m) after their historic title-winning campaign last year.
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The 2024/25 season proved to be a financially rewarding one for the Reds, with their increased revenue further boosted by their return to the UEFA Champions League. The club also enjoyed a 7% rise in commercial revenue due to additional non-matchday events at Anfield.
Music played a big part at the iconic stadium, with performances from Bruce Springsteen, Dua Lipa and Lana Del Rey all taking place at Anfield. Liverpool's financial success was not mirrored by the club's fierce rivals Manchester United, who experienced a significant fall from fourth to eighth in the Money League following a historically poor campaign last season.
Arne Slot, head coach of Liverpool celebrates as the team bus passes through fans in celebration during the Liverpool Trophy Parade on May 26, 2025 in Liverpool, England.
The Reds won their 20th league title last season(Image: Nikki Dyer - LFC/Liverpool FC via Getty Images)
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United's generated revenue last year was £691m (€793m) but their broadcast revenue dramatically sank from £224m (€258m) to £179m (€206m) after failing to qualify for European football and 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 teams making the cut. Liverpool were followed by Manchester City, who fell four places to sixth as their revenue dropped to £722m (€829m).
Pep Guardiola's team suffered an unusually early exit from the Champions League, being 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 found themselves ranked from seventh to 10th, with Arsenal's earnings of £722m (€821m) placing them just behind. Following United, Tottenham Hotspur secured the ninth spot, generating £585m (€672m) despite finishing 17th, but they did break their 17-year trophy drought by clinching the Europa League.
Ruben Amorim, head coach of Manchester United, looks dejected during the Premier League match between Manchester United and Wolverhampton Wanderers
Manchester United finished 15th last season(Image: Getty)
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Their city rivals Chelsea maintained their tenth position due to their return to the Champions League and victories in the Conference League and FIFA Club World Cup. The Blues' haul of trophies contributed to their 24/25 revenue of £509m (€584m).
Aston Villa climbed four places from last year to sit 14th in the rankings after their journey to the Champions League quarter-finals in the 24/25 season, with their earnings peaking at £392m (€450m).
While Newcastle's Carabao Cup final victory last season hasn't exactly boosted their coffers, the Magpies still feature in the Money League list, albeit dropping two places from last year. The club's revenue was reported at £346m (€398m).
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Relegation-threatened West Ham may be facing the prospect of Championship football later this year, but the Hammers remain among Europe's top revenue-generating clubs. However, they slipped from last year's rank of 17 to 20.
West Ham's revenue of £242m (€278m) was impacted by their 14th-placed finish in the league, as well as the lack of European football for the first time in four seasons.