Al-Hilal’s $340m season puts club among world football’s elite

Al-Hilal’s total revenue of $340m for the 2024-25 season puts club among the world elite clubs (X/@Alhilal_EN)
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Updated 27 January 2026
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Al-Hilal’s $340m season puts club among world football’s elite

  • Historic FIFA Club World Cup campaign generated 438m views on Al-Hilal’s social platforms
  • Total Revenue for 2024-2025 would have put Al-Hilal in the top 20 of the Deloitte European Football Money League

Riyadh: Al-Hilal have long been one of the most successful clubs in Saudi football, representing the Kingdom on the continental stage with a record number of AFC Champions League Elite titles.

But as Saudi football enters a new phase of global ambition, clubs such as Al-Hilal are now expected to lead the nation on a global stage.

And the Riyadh giants are doing so with distinction on and off the pitch, as revenue of $340m (SR1.27bn) was announced for the 2024-2025 season, the highest yet by a Saudi sports organisation.

Esteve Calzada, CEO of Al-Hilal, described the current phase as a new qualitative stage in the club’s journey.

“Al-Hilal Club Company continued moving steadily toward a future in which sporting leadership integrates with institutional excellence, which is built on the club’s iconic legacy, the unlimited support from the Saudi government and a national vision that competes with the world across all fields,” he said in his CEO message in the club’s 2024-2025 annual report.

Al-Hilal’s stated ambition is to establish itself as a top global sports club, recognised for its leadership, identity and entertaining playing style.

That ambition was clear during the first edition of the expanded FIFA Club World Cup, where the Blues impressed the world against Real Madrid in an opening game draw before defeating Manchester City 4-3 in a dramatic Round of 16 encounter.

That exposure has led to a notable increase in the club’s commercial performance. Sponsorship and partnership revenues increased by 16.5 percent over the season, with total sponsor return on exposure exceeding $1.15bn.

The result was that total revenues surpassed $340m. If Al-Hilal were classified as a European club, that figure would place them in the top 20 of the Deloitte European Football Money League, ahead of several established European names.

Beyond the financials, Al-Hilal also delivered key qualitative milestones. The club moved to a new headquarters, finalised an agreement with Princess Nourah University to develop first-team training facilities, and continued renovations of its youth infrastructure.

Al-Hilal’s women’s team also progressed significantly, with the introduction of a fully equipped dedicated training hall, upgraded wellness facilities, and further development of gym and recovery areas.

Taken together, Al-Hilal’s growth across the 2024-2025 season is a pivotal moment in the evolution of Saudi football. While marquee signings and on-pitch success remain central, the reality is that football’s key performance indicators have shifted over the past decade.

With Deloitte’s Money League now a core benchmark in the modern game, clubs are increasingly judged on their ability to convert sporting success into sustainable business models that support long-term growth.

Al-Hilal hit the 42.5-million follower mark on social media over the season and welcomed nearly 400,000 fans at the Kingdom Arena, a 79 percent increase after by the stadium's expansion to a capacity of 23,500.

These indicators suggest that Al-Hilal are building a global sporting brand defined not by individual star signings, but by institutional scale and identity.

Looking at their company values and culture, “winning” ranks only second to the “Al-Hilal first” mentality. It is that mentality that has carried the club from its roots in Riyadh’s Al-Uraija district to national dominance and, increasingly, global relevance.

As attention turns to whether Al-Hilal can return to glory in the Saudi Pro League and AFC Champions League Elite in the 2025-2026 season, the message from the board is clear: trophies matter, but it is values and long-term vision that ultimately define success.

 


Like Leicester and Bodø/Glimt, Swiss soccer club Thun set to be historic league champion

Updated 06 March 2026
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Like Leicester and Bodø/Glimt, Swiss soccer club Thun set to be historic league champion

  • Thun have never won the top-tier league in the club’s 128-year history yet this season has turned the standings into a procession
  • Thun are the latest unheralded European club taking inspiration from Leicester

GENEVA: Like Leicester’s Premier League title in 2016 and Bodø/Glimt’s stunning rise in Norway since 2020, Swiss soccer looks set to get its own surprise champion.
Thun have never won the top-tier league in the club’s 128-year history yet this season has turned the standings into a procession — even as a newly promoted club.
A 2-2 draw with second-place St. Gallen late Thursday stopped Thun’s run of 10 straight wins yet coach Mauro Lustrinelli’s team are 14 points clear with 10 rounds left.
“We are also a young team in the sense that the team are experiencing their first Super League,” Lustrinelli told Swiss public broadcaster SRF after his players conceded a stoppage-time goal to drop points for the first time since December.


Thun head Sunday to local rival Young Boys, a 17-time title winner and Champions League regular in recent years, as the current best team in Switzerland.
Following Leicester’s lead
Thun are the latest unheralded European club taking inspiration from Leicester.
Last year, Union Saint-Gilloise won their first Belgian title for 90 years and tiny Mjällby were champion of Sweden for the first time in their 86-year history.
Title races across Europe see Hearts on course for a first Scottish title in 66 years and Paris Saint-Germain being chased by Lens which won their only French title 28 years ago.
The most common link is clubs in provincial towns and cities run on low budgets with a collective team-first ethic.
“You really feel that it’s like a family,” Lustrinelli said last year when extending his contract at the club where he was once a star striker and has coached for four seasons.
Thun’s key players
It took Thun five years to get out of the second division after being relegated in 2020. That period included severe financial issues and being part of a multi-club ownership group backed by American and Chinese investors.
Thun are independent and locally owned again, and built a plan with Lustrinelli for a team playing the direct, pressing style he wants with two central strikers.
Top scorer this season is 12-goal Elmin Rastoder, a Swiss-born North Macedonia international who could feature in the World Cup playoffs against Denmark later this month.
Rastoder’s strike partner Thursday was Brighton Labeau, once a teammate of Kylian Mbappé, who is three years younger, when they were both in the Monaco academy.
Thun’s star prospect is Ethan Meichtry, a Switzerland under-21 midfielder who could yet make the World Cup squad.
Champions League debut
Thun were one of the smallest clubs to play in the Champions League after Lustrinelli’s 20-goal season lifted the team to Swiss league runner-up in 2005.
Thun advanced through two qualifying rounds to reach the elite stage, finishing third in a group behind Arsenal and Ajax.
Back then, Thun played European games at Young Boys’ stadium in Bern because their old home was below UEFA standard.
If Thun enter the Champions League in the second qualifying round in July, home games should be at their 10,000-seat Stockhorn Arena — with artificial turf, just like at Bodø/Glimt inside the Arctic Circle in Norway.
The Swiss champion must win through three qualifying rounds to reach the 36-team league phase.
Home of Swiss soccer
Thun will soon be the home of Switzerland’s soccer federation.
The Swiss Football Home project was approved last August and will include a new headquarters for the federation plus training fields for national teams. Next door will likely be the next Swiss champion.
“The road is still long,” Lustrinelli said of the 10-game run-in, “and we want everyone who will help us get those 30 points.”