The table profiles the highest revenue-generating football clubs in world football, covering the figures from the 2023/24 season despite many clubs not yet publishing their accounts as yet for that campaign.

As for the results, they signal good news or Newcastle United, who have climbed up the ‘rich list’ rankings and seen revenue grow significantly once again.

Deloitte ‘rich list’ rankings – 2025

In short, Newcastle are up to 15th in the Deloitte Money League and stand 7th in the Premier League for revenue generated, rising £250.3m to £314.4m (up £64.1m).

Part of our rise – Newcastle were ranked 17th in 2024 – comes from around £25m in Champions League broadcast revenue, which won’t be there in next year’s figures, although the report shows a sizeable commercial growth of £45.5 up to £76m.

Here’s the full top 20 based on 2023/24 figures (in €), showing total revenue across matchday, broadcast and commercial:

1. Real Madrid: €1,045.5m
2. Man City: €837.8m
3. PSG: €805.9m
4. Man United: €770.6m
5. Bayern Munich: €765.4m
6. Barcelona: €760.3m
7. Arsenal: €716.5m
8. Liverpool: €714.7m
9. Tottenham: €615m
10. Chelsea: €545.5m
11. Borussia Dortmund: €514m
12. Atletico Madrid: €410m
13. AC Milan: €398m
14. Inter Milan: €391m
15. Newcastle: €372m
16. Juventus: €356m
17. West Ham: €322m
18. Aston Villa: €310m
19. Marseille: €287m
20. Lyon: €26464m

21. Newcastle’s revenue split

    Matchday: £57.5m  

    Broadcasting: £181.7m  

    Commercial: £76m

    Total: £314.4m

    The report also shows that Newcastle’s wage bill was £215m on revenue of £316m.

22. In the meantime, the Toon boss has more problems in that position. Harvey Barnes is out injured which leaves Jacob Murphy as the only natural right-wing option once Almiron leaves.

Joelinton and Joe Willock can both play on the wing, but Howe would prefer to keep utilising them in midfield where they have impressed all season.

The Magpies have been linked with a move for many wingers in January. However, a deal is yet to be struck for anyone.