Real Madrid become first football club to surpass €1bn in revenue, setting record-breaking gap over Man City in 28-Year history of financial report
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Real Madrid have made history by becoming the first football club to surpass €1bn (£844m) in revenue during a single season, cementing its dominance in European football both on and off the pitch. The Spanish giants generated €1.046bn (£883m) in the 2023-24 season, according to Deloitte's Football Money League report. The club's revenue surge was driven largely by the redevelopment of the Santiago Bernabeu Stadium, which saw match-day revenue double to €248m following the completion of renovations.
![[Real Madrid have experienced a 19 per cent boost in commercial revenue through new sponsorship deals and increased merchandise sales]](https://i.dailymail.co.uk/1s/2025/01/23/08/94424249-14316407-image-a-2_1737621678155.jpg)
In addition, Real Madrid experienced a 19 per cent boost in commercial revenue through new sponsorship deals and increased merchandise sales. On the pitch, the team's treble-winning campaign — including victories in the Champions League, La Liga, and the Spanish Super Cup — further underscored its status as a global powerhouse.
![[The current revenue gap between Real Madrid and Premier League giants Manchester City is the largest ever recorded in the 28 years Deloitte has compiled its annual list]](https://i.dailymail.co.uk/1s/2025/01/23/08/94424285-14316407-image-a-3_1737621778039.jpg)
'One billion euros in revenues is a landmark in club football,' said Theo Ajadi, assistant director at Deloitte's Sports Business Group. 'The redevelopment of Madrid's stadium has been the catalyst for the club's growth. 'They've licensed some seating, which has provided a significant uplift in revenue, and also increased merchandising and brought in new sleeve sponsorship. That, along with strong on-pitch performance, has led to Madrid's strong financial performance.'.
Trailing Madrid, Manchester City ranked second with €838m (£708m) in revenue, while Paris Saint-Germain came in third with €806m (£681m). Manchester United and Bayern Munich rounded out the top five, earning €771m (£651m) and €660m (£557m), respectively.
