Real Madrid take top spot in football’s ‘Money League’

Real Madrid's Spanish defender Dani Carvajal (L) celebrates victory with teammates at the end of the Spanish League football match between Real Madrid CF and UD Almeria at the Santiago Bernabeu stadium in Madrid on Jan. 21, 2024. Real Madrid won 3-2. (AFP)
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Updated 25 January 2024
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Real Madrid take top spot in football’s ‘Money League’

  • For the first time since 2017-18, Real are in pole positon in Deloitte’s financial rankings with a reported record revenue of €831 million ($905 million), an increase of €118 million over the previous year
  • Commercial revenue represented the largest income stream for ‘Money League’ clubs for the first time since the 2015-16 season

LONDON: Real Madrid have climbed to the top of football’s ‘Money League’ as the Spanish side surpassed Manchester City to become the highest revenue generating club in 2022-23.

For the first time since 2017-18, Real are in pole positon in Deloitte’s financial rankings with a reported record revenue of €831 million ($905 million), an increase of €118 million over the previous year.

Although they failed to win La Liga last season — finishing 10 points behind champions Barcelona — and lost in the Champions League semifinals to Manchester City, Real’s growth is largely attributable to strong retail performance, higher stadium attendance and recovery of sponsorship income following the easing of COVID-19 restrictions.

Manchester City, who won the Premier League, Champions League and FA Cup last season, fall to second place in the 2024 rankings.

The club reported its highest ever revenue for a season, €826 million, and bolstered both broadcast and commercial revenues by 50 million euros and 26 million euros respectively.

French champions Paris Saint-Germain broke into the top three for the first time, with revenues of €802 million.

Barcelona are in fourth position as their 800 million euros revenue lifted them from seventh place, with club record licensing and merchandising revenues and fans returning to stadiums.

Commercial revenue represented the largest income stream for ‘Money League’ clubs for the first time since the 2015-16 season, excluding the COVID-19 impacted 2019-20 season.

Seventeen of the top 20 clubs reported a year-on-year increase in commercial revenue, with growth largely attributable to improved retail sales, revenue from non-matchday events and recovery of sponsorship income which had been impacted by the pandemic.

Tim Bridge, lead partner in financial experts Deloitte’s Sports Business Group, said: “Another record-breaking year for Money League clubs represents the ongoing financial might of the football industry.

“A high demand for live sport is pointing toward further growth for commercial and matchday revenues, in particular.

“As clubs appear to no longer be able to rely on exponential broadcast revenue growth, creating a more commercially focused business model will support them to achieve greater control over their financial stability.”

Liverpool have had the biggest fall of any club in the top 20, from third place down to seventh, after Deloitte found their revenue had dropped slightly from €694.7 million to 694.2 million euros.

Deloitte attributed that fall to the Reds’ on-field performance, with the club finishing fifth in the Premier League last season and bowing out in the Champions League last 16.

Manchester United dropped one place to fifth despite a healthier revenue figure than the season before.

Tottenham and Chelsea switched places compared to last year, with Tottenham up one place to eighth, while Arsenal held on to 10th position.


Morocco forced to wait for AFCON knockout place after Mali draw

Updated 27 December 2025
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Morocco forced to wait for AFCON knockout place after Mali draw

  • Stalemate with Mali ended Morocco’s world record winning run, which reached 19 matches with their 2-0 victory over Comoros
  • It also means Morocco have not yet confirmed their place in the knockout phase, although they are on top of Group A 

RABAT: Morocco missed the chance to guarantee their spot in the last 16 of the Africa Cup of Nations after Lassine Sinayoko’s second-half penalty earned Mali a 1-1 draw with the hosts on Friday.
The match was a tale of two spot-kicks, with Brahim Diaz giving Morocco the lead from a penalty deep in first-half injury time and Sinayoko replying on 64 minutes.
The stalemate at the Prince Moulay Abdellah Stadium in the capital Rabat ended Morocco’s world record winning run which had been taken to 19 matches with their 2-0 victory over Comoros in the tournament’s opening game.
It also means Morocco have not yet confirmed their place in the knockout phase, although they are on top of Group A with four points from two games.
Mali come next on two points alongside Zambia, who drew 0-0 with minnows Comoros earlier in Casablanca.
Morocco next face Zambia on Monday and a victory in that match against the 2012 champions will ensure that the hosts go through as group winners.
“We’ll look back at the second half and see what the problem was but we didn’t play the way we did in the first half. We didn’t impose our game and had to drop off. The penalty changed the game a bit,” Morocco midfielder Azzedine Ounahi told broadcaster beIN Sports.
“We go into the third game with the same approach, to win the game and finish top of the group.”
Morocco captain Achraf Hakimi, the African player of the year, was again an unused substitute as he continues his recovery from an ankle injury suffered playing for Paris Saint-Germain at the start of November.

Mbappe watches on 

His former PSG teammate Kylian Mbappe, the current Real Madrid superstar and France skipper, was among the spectators in the crowd of 63,844 and appeared to be wearing a Morocco shirt with Hakimi’s number two on it.
With Hakimi on the sidelines, Mbappe’s Real Madrid teammate Diaz was the main attraction on the pitch — the little number 10 forced a good save from Mali goalkeeper Djigui Diarra on 17 minutes and then played a key part in the penalty which led to the opening goal just before the interval.
Mali defender Nathan Gassama brushed the ball with his hand as he tried to stop Diaz dribbling past him inside the box, and the referee eventually awarded a spot-kick following a lengthy look at the pitchside VAR monitor.
Morocco’s Soufiane Rahimi had a spot-kick saved against Comoros but this time Diaz sent the goalkeeper the wrong way for his second goal of the tournament.
However Walid Regragui’s side, the best team in Africa according to the FIFA rankings, could not build on that as Mali won a penalty of their own just after the hour mark.
Sinayoko went down under a clumsy challenge by Jawad El Yamiq and 29-year-old Cameroonian referee Abdoul Abdel Mefire awarded the penalty after eventually being called over to check his screen.
Auxerre striker Sinayoko, having been booked apparently for something he said to the referee, kept his cool to stroke in the reward and restore parity.
Morocco substitute Youssef En-Nesyri was denied by a good Diarra save and Mali then held on through 10 minutes of stoppage time for a point, as the final whistle was greeted with jeers from the home fans.