Real Madrid continue to sit at the summit, with Barcelona climbing back up the rankings, but the latest standings bring disappointing news for both Manchester United and Manchester City.
The 29th edition of the Deloitte Football Money League has been published, offering fresh insight into the financial landscape as clubs head into 2026.
Taking broadcast, commercial and matchday income into account, clubs combined to generate a record €12.4 billion in 2025 — an overall rise of 11 per cent year on year.
GOAL has analysed the top 20 clubs, detailing their revenues and how their positions have shifted from the previous edition.
Real Madrid top the 2026 Money League after posting revenues of €1.161 billion in 2025, marking an 11 per cent increase on their 2024 total. Close behind are their historic rivals Barcelona, who sit second with earnings of €974.8 million.
Bayern Munich occupy third place after generating €860.6 million, followed by Paris Saint-Germain in fourth, with Liverpool rounding out the top five.
The latest list shows notable movement compared to 2025. Manchester City have fallen from second to sixth, while Manchester United have slipped from fourth to eighth. As a result, both clubs now trail Liverpool and Arsenal for the first time since the rankings began.
Although Premier League sides are largely absent from the top five, they still make up a significant portion of the top 20, representing nearly half of the clubs included.
Alongside Liverpool, City, United and Arsenal, England’s contingent also features Chelsea, Tottenham, Aston Villa, Newcastle United and West Ham.
Beyond Real Madrid and Barcelona, Atletico Madrid complete Spain’s representation. Germany is represented by Borussia Dortmund and Stuttgart in addition to Bayern Munich, while Italy’s presence comes from Inter, AC Milan and Juventus. The remaining spots are filled by Paris Saint-Germain from France and Benfica from Portugal.
