The latest report on richest clubs in European football has been released and Liverpool ranks highly.
The Reds are the most successful club in England and one of the most successful in Europe. Their Premier League title win this season ensured that no club in England has won more league titles than they have.
Liverpool now have 20 league titles, while their return of six Champions League/European Cup trophies means that they are the outright most winners of the trophy among football clubs in the UK.
However, despite their size and history, Liverpool cannot be considered among the richest club in Europe. The Reds are not a poor club, but it terms of ability to spend, the Reds are no match for some of their rivals, who are owned by very liquid owners.
Liverpool’s success over the last few seasons have not been fueled by lavish spending, but by a measured, sustainable approach that Jurgen Klopp fondly called ‘the Liverpool way.”
While the Reds ranked favourably in a recent CNBC (Consumer News and Business Channel) case study on the most valuable clubs in world football, a new report analyzing the richest clubs in the world puts Liverpool behind some of the clubs that are less valauble than them.
Now in its 10th year, the Football Clubs’ Valuation report is published by the Budapest-based Football Benchmark Group. They ranked the top 32 clubs in Europe by enterprise value, which is the total value of the club’s equity plus its net debt, and found Liverpool behind five other clubs.
Spanish giants Real Madrid are first on the list of richest clubs, having become the first club to achieve an enterprise value of €5billion last year.
Los Blancos exceeded the €6bn mark this year to top the ranking with a valuation of €6.3bn (£5.2bn; $6.5bn) this year, almost £1bn clear of Manchester City in second place, with Manchester United not far behind their cross-city rivals.
Spanish champions and Barcelona and German champions Bayern Munich round out the top five in this year’s report.
Liverpool come next, followed by a resurgent Arsenal close behind.
Paris Saint-Germain, Tottenham Hotspur, and Chelsea complete the top ten.
This comes after the Reds reported a pre-tax loss of £57 million during the 2023/24 campaign.
This downturn was primarily driven by their absence from the UEFA Champions League, which saw media revenue plummet by £38 million to £204 million.
However, the club’s overall revenue still grew by £20 million to a record £614 million, underscoring the strength of their commercial and matchday operations.
Commercial revenue surged to an unprecedented £308 million, fueled by partnerships with global brands like Google Pixel, Peloton, and UPS, alongside retail expansions.
⚽️📊The 10th edition of the Football Clubs’ Valuation: The European Elite report ranks Europe’s 32 leading clubs by enterprise value. @realmadrid top the list again this year with a record-breaking €6.3 billion valuation. pic.twitter.com/nPx61J1szW
— Football Benchmark (@Football_BM) May 29, 2025
Top 20 richest clubs
Real Madrid- £5.22bn
Manchester City- £4.24bn
Manchester United- £4.20bn
Barcelona- £3.71bn
Bayern Munich- £3.56bn 6
Liverpool- £3.50bn
Arsenal-£3.33bn
PSG- £3.13bn
Tottenham- £3.04bn
Chelsea- £2.51bn
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