European teams set new revenue record, exceeding $35B, UEFA says

ISTANBUL

UEFA’s 2025 European Club Finance and Investment Landscape report, on Thursday, revealed that the continent’s football economy has fully recovered and surpassed pre-pandemic levels.

The report said the top-division club revenue set to pass €30 billion ($35.4 billion) in 2025, as commercial revenues set to pass €10 billion in 2025.

It stated that the total revenue of €28.6 billion in 2024 financial year for top division football clubs, represents a 6.7% increase compared to the previous year, with the English Premier League maintaining its position as the wealthiest league.

The top-division list included 136 teams; nine from the UK, eight both from Spain and Italy, seven both from France and Germany, six from Belgium, the Netherlands and Türkiye. The list also included clubs from other countries with fewer members.

The English Premier League’s total revenue reached €7.44 billion in 2024, which is nearly double that of its closest competitor, Spain’s La Liga.

Commercial revenues, including sponsorships and merchandise totaled €9.7 billion across all European top-tier clubs in 2024.

Gate receipts also saw a significant boost of 10%, reaching €4.4 billion, in 2024, as stadium attendances hit record highs across the continent.

Wages remained the largest expense for clubs, up 3.33%, totaling €18.6 billion in 2024, as new financial sustainability regulations began to take effect.

- Top clubs report massive revenue

Real Madrid led the rankings with a record revenue of €1.18 billion in 2025, fueled by its success in the Champions League and stadium redevelopment.

Barcelona followed it with €989 million, Bayern Munchen with €861 million, Manchester City with €855 million and Liverpool with €852 million.

Paris Saint Germain (€837 million), Arsenal (€822 million), Manchester United (€793 million), Tottenham (€673 million) and Chelsea (€585 million) were other top 10 teams in terms of revenue in Europe last year.

Galatasaray emerged as the highest-earning Turkish club, driven by its participation in European competitions and strong domestic merchandise sales, saw revenues worth €280 million, up 13% year-on-year.