European football's top clubs earn €8.4B

The operational revenues of the top 10 richest European football clubs rose to €8.4 billion in the 2024–2025 season, marking a 211% increase since the 2008–2009 season. Commercial activities have become the primary source of income. The study showed that commercial ventures surpassed broadcasting rights and European distributions as the main revenue sources, with increased reliance on non-matchday earnings—reflecting a shift of clubs into global media and commercial entities. Despite the significant growth in revenues, the financial gap between major clubs and their competitors continues to widen. Over 700 clubs in top leagues saw their revenues grow from €11.6 billion to €28.6 billion, with expectations to surpass €30 billion in the 2024–2025 season. Attention has increasingly centered on English clubs, which have seen their revenue share grow and expand beyond their traditional base.

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