It ranks clubs by total revenue generated from football operations. Tottenham Hotspur (THFC) ranks 9th overall in the world.
- Revenue: Approximately €673m (around £565m, based on reported figures).
- This places Spurs behind:
- Real Madrid (top, first club to exceed €1bn in a prior season and higher now, close to €1.2bn).
- Barcelona.
- Bayern Munich.
- PSG.
- Liverpool (the highest-earning English club for the first time, €836m).
- Manchester City (€829m).
- Arsenal.
- Manchester United (€793m, their lowest ranking ever).
- Then THFC at 9th, followed by Chelsea in 10th.
Nine Premier League clubs feature in the top 20 this year, highlighting the league’s financial strength despite no English side in the global top four for the first time (due to strong performances from European giants, boosted by the revamped Champions League format and commercial growth).
Broadcasters benefitting from more product as subscriptions actually crash
The primary driver of broadcast revenue growth among Money League clubs in 2024/25 was the impact of the expanded FIFA Club World Cup.
Ten Money League clubs participated in last summer’s competition, resulting in a 17% uplift to these clubs’ broadcast revenues.
Furthermore, the expansion of UEFA’s three primary men’s club competitions also contributed to the clubs’ revenue growth, as UEFA’s distributable funds for these competitions grew to €3.3 billion in 2024/25, up c.22% from €2.7 billion in 2023/24. The increase in the number of football matches played during the calendar year poses some challenges regarding player welfare, and during the 2024/25 season, Money League clubs played 57 competitive matches on average, with the same clubs playing 51 matches in 2023/24. There remains a need to strike a balance between competition, innovation, player welfare, and fan interest.
