Liverpool have become the highest-earning English club in the latest Deloitte Football Money League, rising from eighth to fifth place with revenues of €836m. However, for the first time in the report's 29-year history, no Premier League side made the top four.
Real Madrid retained the top spot with €1.16bn (£1bn), followed by Barcelona (€974m), Bayern Munich (€860m) and Paris Saint-Germain (€837m). Liverpool's climb was driven by on-pitch success under Arne Slot, Champions League income, and a 7% increase in commercial revenues, boosted by concerts from Taylor Swift, Dua Lipa and Bruce Springsteen at Anfield.
Manchester City dropped from second to sixth (€829m) and Manchester United fell from fifth to eighth (€793m), partly due to their absence from the Champions League. Arsenal, Tottenham and Chelsea remained seventh, ninth and tenth respectively.
Tim Bridge, lead partner at Deloitte's Sports Business Group, noted a strategic shift among top clubs towards diversifying income through stadium assets such as breweries, hotels and restaurants, creating year-round entertainment destinations to secure more sustainable financial futures.
