Real surpasses Man City in revenue

Despite winning a historic treble with the Premier League, FA Cup, and Champions League, Man City dropped to second place in the Deloitte Football Money League table of clubs with the highest revenue in the 2022-2023 season.

Money League is a ranking of the world's top football clubs' revenue each season, compiled by auditing firm Deloitte since 1998. Money League considers revenue figures published in the clubs' annual financial reports for the 2022-2023 season and does not consider operating costs.

Despite winning the historic treble, Man City only ranked second in the Money League with a revenue of 921 million USD. Previously, the Manchester team had twice consecutively led the Money League, with a revenue of 790 million USD in the 2021-2022 season and 696 million USD in the 2020-2021 season.

Real midfielder Luka Modric and Man City striker Jack Grealish during the Champions League semi-final second leg at Etihad Stadium, Manchester on May 17, 2023. Photo: Reuters — Real midfielder Luka Modric and Man City striker Jack Grealish during the Champions League semi-final second leg at Etihad Stadium, Manchester on May 17, 2023. Photo: *Reuters*

Real Madrid lead the way with a revenue of $920 million, despite an unsuccessful 2022-2023 season. They finished second in La Liga, lost to Barca in the Spanish Super Cup final, lost to Man City in the Champions League semi-finals and won only one title, the Copa del Rey, after beating Osasuna 2-1 in the final.

Liverpool suffered the biggest drop in the top 20, falling from third to seventh. But the Merseyside club did not suffer a major loss, with revenues falling slightly from $755 million to $754 million. According to Deloitte, Liverpool’s revenue fell because of a technical issue, as they finished fifth in the Premier League and were eliminated in the Champions League round of 16.

PSG entered the top three for the first time with revenue of $886 million, while Barca moved up three places to fourth with revenue of $883 million. The remaining clubs in the top 10 were Man Utd ($823 million), Bayern (822), Tottenham (698), Chelsea (650) and Arsenal (588).

Tim Bridge, a partner in Deloitte's Sports Business Group, said Real and Barca have made moves towards greater control, particularly over transfers, to upgrade their stadiums, and the revenue figures are therefore a direct result of changes they have made to their business models.

"There have always been 10 or 11 Premier League clubs in the Money League and the growth in media rights has given them significant revenue shares. But other leagues have caught up and there is a bit of stability in terms of rights like the Premier League," Bridge added.

Deloitte added that the top 20 clubs earned $11.5 billion, up 14% from the previous season. The Deloitte Football Money League also released the revenues of women's teams, with Barca the highest earner in the world, with revenues rising 74% to $15 million.

Hong Duy

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