Real, Bayern, Barcelona or Manchester City? UEFA unveils the club with the highest incomes in football
Article by Aurelian Botezatu – Published Friday, February 27, 2026, 1:27 p.m. / Updated Friday, February 27, 2026, 1:28 p.m.
The European Forum recently published the 2025 annual report on the finances of clubs on the Old Continent.
According to the study published by UEFA, Real Madrid was in 2025 the group that attracted the most money. In a hierarchy of total revenues achieved in the previous year, the multiple champion of Spain leads with 1.184 billion euros.
Real Madrid, above all! Revenues of 1.184 billion euros
It is followed by Barcelona (989 million euros), Bayern Munich (861 million euros), Manchester City (855 million euros) and Liverpool (852 million euros). Also, Real is also the leader in a ranking of the clubs that generate the highest commercial income from all types of sponsorships: 568 million euros.
It is also seconded by Barcelona, with 499 million euros, the top 5 being completed by Manchester City (426 million euros), Bayern Munich (402 million euros) and Manchester United (384 million euros).
Real Madrid draw fans to stadium like a magnet, Barcelona pay for Camp Nou work delays
When it comes to revenues from subscriptions and tickets sold at matches, Real Madrid is also in the lead: 222 million euros. Arsenal (183 million euros), PSG (175 million euros), Manchester United (155 million euros) and Barcelona (150 million euros) follow.
The Catalans paid especially for the fact that the new Camp Nou was not ready on time. Moreover, due to the delay of works in certain sectors, the arena cannot be used even now at its maximum capacity (104,000 seats).
Barcelona makes a lot of money from selling shirts and promotional items, but is dragged down by the wage bill
The Blaugrana group, on the other hand, is the leader in revenue from the sales of t-shirts and promotional items, with 277 million euros. It is 46 million euros ahead of Real Madrid (231 million euros)Bayern Munich completes the podium (189 million euros), followed by Manchester United (172 million euros) and Arsenal (151 million euros).
Barcelona's big problem, compared to Real Madrid, is the huge wage bill, amounting to no less than 551 million euros! Rivala is at the rate of 514 million euros. However, the absolute leader in this capital is Manchester City, whose cost with player salaries amounts to 557 million euros! PSG, with 551 million euros, and Liverpool (509 million euros) complete the Top 5.
