Deloitte Football Money League – 2022

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Manchester City have topped the Deloitte Money League for the first time in the club’s history, having won the Premier League, EFL Cup and reached the UEFA Champions League final during the 2020/21 season.

The Cityzens recorded an annual revenue of €644.9m, a 17% increase on last year and €4.2m more than second-placed Real Madrid.

Overall, the top 20 clubs saw average annual revenue increase from €408m to €464m. Deloitte report that this is ‘thanks to broadcast deferrals, but a 12% decrease on the 2018/19 season due to the absence of fans on matchdays’.

On broadcast revenue, Deloitte were keen to point out that this is ‘the most significant proportion of annual revenue’.

“Broadcast distribution deferrals from the 2019/20 season saw broadcast revenue reach a record high of €4.6bn in 2020/21, resuming it’s pre-pandemic position as the most significant proportion of total revenue.”

The top 20 is as follows:


*n/d = not disclosed

Danny IngsDanny Ings

Aston Villa are in the top 20 / Matthew Ashton – AMA/GettyImages

Total annual revenue: €207.3m

Change: +57%
Wages/revenue ratio: 75%
Net transfer balance: -€104.8m


Yuri Alberto Monteiro Da Silva (R), commonly known as Yuri...Yuri Alberto Monteiro Da Silva (R), commonly known as Yuri...

Zenit’s revenue has dropped by 10% / SOPA Images/GettyImages

Total annual revenue: €212m

Change: -10%
Wages/revenue ratio: n/d
Net transfer balance: n/d


Frank Lampard, Dominic Calvert-LewinFrank Lampard, Dominic Calvert-Lewin

Everton’s revenue went up slightly / Chris Brunskill/Fantasista/GettyImages

Total annual revenue: €218.1m

Change: +3%
Wages/revenue ratio: n/d
Net transfer balance: -€75.4m


Jonny OttoJonny Otto

Wolves’ revenue jumped way up / Laurence Griffiths/GettyImages

Total annual revenue: €219.2m

Change: +45%
Wages/revenue ratio: 72%
Net transfer balance: -€12.7m


Andriy YarmolenkoAndriy Yarmolenko

West Ham United’s revenue almost doubled / Julian Finney/GettyImages

Total annual revenue: €221.5m

Change: +41%
Wages/revenue ratio: 66%
Net transfer balance: -€8.8m


Marc Albrighton, Youri TielemansMarc Albrighton, Youri Tielemans

Leicester City’s revenue enjoyed a huge bump / Alex Pantling/GettyImages

Total annual revenue: €255.5m

Change: +49%
Wages/revenue ratio: 85%
Net transfer balance: -€21.5m


Lautaro MartinezLautaro Martinez

A decent increase in revenue for Inter / Marco Luzzani/GettyImages

Total annual revenue: €330.9m

Change: +14%
Wages/revenue ratio: 77%
Net transfer balance: -€71.3m


Diego Pablo SimeoneDiego Pablo Simeone

No change at Atleti / Soccrates Images/GettyImages

Total annual revenue: €332.8m

Change: 0%
Wages/revenue ratio: 75%
Net transfer balance: +€10.5m


Erling HaalandErling Haaland

BVB’s net transfer balance will enjoy a boost once Haaland is sold / Alexander Scheuber/GettyImages

Total annual revenue: €337.6m

Change: -8%
Wages/revenue ratio: 65%
Net transfer balance: -€66.2m


Mikel ArtetaMikel Arteta

Arsenal spent big / James Gill – Danehouse/GettyImages

Total annual revenue: €366.5m

Change: -6%
Wages/revenue ratio: 75%
Net transfer balance: -€103.9m


Heung-min Son, Harry Kane - Soccer PlayerHeung-min Son, Harry Kane - Soccer Player

Tottenham’s prized possessions / Visionhaus/GettyImages

Total annual revenue: €406.2m

Change: -9%
Wages/revenue ratio: 57%
Net transfer balance: -€103.1m


Andrea AgnelliAndrea Agnelli

Andrea Agnelli wants to form a Super League to boost revenue / Daniele Badolato – Juventus FC/GettyImages

Total annual revenue: €433.5m

Change: +9%
Wages/revenue ratio: 74%
Net transfer balance: -€93.3m


FBL-EUR-C1-MAN CITY-CHELSEA-TROPHYFBL-EUR-C1-MAN CITY-CHELSEA-TROPHY

Chelsea won the UCL / SUSANA VERA/GettyImages

Total annual revenue: €493.1m

Change: +5%
Wages/revenue ratio: 77%
Net transfer balance: -€214m


Jurgen KloppJurgen Klopp

A slight drop for Liverpool / Alex Livesey – Danehouse/GettyImages

Total annual revenue: €550.4m

Change: -1%
Wages/revenue ratio: 64%
Net transfer balance: n/d


Kylian Mbappe, Leandro Paredes, Lionel Messi, Leo MessiKylian Mbappe, Leandro Paredes, Lionel Messi, Leo Messi

PSG have plenty of players on big salaries / John Berry/GettyImages

Total annual revenue: €556.2m

Change: +3%
Wages/revenue ratio: n/d
Net transfer balance: n/d


Cristiano RonaldoCristiano Ronaldo

Ronaldo is back in Manchester / Soccrates Images/GettyImages

Total annual revenue: €558m

Change: -4%
Wages/revenue ratio: 65%
Net transfer balance: -€106.2m


Europa League round of 16"Galatasaray AS v FC Barcelona"Europa League round of 16"Galatasaray AS v FC Barcelona"

It was an interesting 12 month for Barca… / ANP/GettyImages

Total annual revenue: €582.1m

Change: -18%
Wages/revenue ratio: 84%
Net transfer balance: -€24m


Robert LewandowskiRobert Lewandowski

Down -4% / Alexander Hassenstein/GettyImages

Total annual revenue: €611.4m

Change: -4%
Wages/revenue ratio: n/d
Net transfer balance: n/d


Carlo AncelottiCarlo Ancelotti

Real Madrid made a lot of money in the transfer market / Soccrates Images/GettyImages

Total annual revenue: €640.7m

Change: -7%
Wages/revenue ratio: 63%
Net transfer balance: +€86.8m


Pep GuardiolaPep Guardiola

Man City are top for the first time / Michael Regan/GettyImages

Total annual revenue: €644.9m

Change: +17%
Wages/revenue ratio: 62%
Net transfer balance: -€112.4m


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