Real Madrid has broken financial records, becoming the first soccer club to surpass 1 billion euros ($1.04 billion) in annual revenue, according to the Deloitte Football Money League. The figures, which cover the 2023-24 season, reveal that the Spanish and European champions earned €1,045,500,000, securing the top spot in the rankings.

Madrid’s record revenues include €248 million in matchday revenue, €316 million from broadcasting and €482 million from commercial activities.

The redevelopment of the Santiago Bernabéu stadium played a key role as matchday revenue doubled from the previous season, making it the highest among all clubs. Paris Saint-Germain is behind with 170 million euros in earnings for the day.

Manchester City (€838 million) is second, followed by Paris Saint-Germain (€806 million), Manchester United (€771 million) and Bayern Munich (€765 million) ). The Premier League dominates the top 10, with clubs such as Arsenal, Liverpool, Tottenham Hotspur and Chelsea, along with La Liga’s Barcelona. Together, the top 20 clubs generated €11.2 billion, up 6% on the 2022-23 season.

Real Madrid’s financial dominance reflects their success on the pitch. The 2023–24 season saw them win the Champions League, defeat Borussia Dortmund in the final at Wembley and claim the LaLiga title, finishing 10 points ahead of Barcelona.

The financial disparity between Real Madrid and second-placed Manchester City reached a record 208 million euros. Madrid’s commercial income, which rose by 19%, remains unmatched among the clubs studied.

The Deloitte report highlights Madrid’s strategic growth and the impact of its renovated stadium, which consolidates its status as a financial powerhouse in world football.