Deloitte Football Money League - 2022
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
Deloitte Football Money League - 2022
20. Aston Villa
Total annual revenue: €207.3m
Change: +57%
Wages/revenue ratio: 75%
Net transfer balance: -€104.8m
19. Zenit St. Petersburg
Total annual revenue: €212m
Change: -10%
Wages/revenue ratio: n/d
Net transfer balance: n/d
18. Everton
Total annual revenue: €218.1m
Change: +3%
Wages/revenue ratio: n/d
Net transfer balance: -€75.4m
17. Wolverhampton Wanderers
Total annual revenue: €219.2m
Change: +45%
Wages/revenue ratio: 72%
Net transfer balance: -€12.7m
16. West Ham United
Total annual revenue: €221.5m
Change: +41%
Wages/revenue ratio: 66%
Net transfer balance: -€8.8m
15. Leicester City
Total annual revenue: €255.5m
Change: +49%
Wages/revenue ratio: 85%
Net transfer balance: -€21.5m
14. Inter
Total annual revenue: €330.9m
Change: +14%
Wages/revenue ratio: 77%
Net transfer balance: -€71.3m
13. Atletico Madrid
Total annual revenue: €332.8m
Change: 0%
Wages/revenue ratio: 75%
Net transfer balance: +€10.5m
12. Borussia Dortmund
Total annual revenue: €337.6m
Change: -8%
Wages/revenue ratio: 65%
Net transfer balance: -€66.2m
11. Arsenal
Total annual revenue: €366.5m
Change: -6%
Wages/revenue ratio: 75%
Net transfer balance: -€103.9m
10. Tottenham Hotspur
Total annual revenue: €406.2m
Change: -9%
Wages/revenue ratio: 57%
Net transfer balance: -€103.1m
9. Juventus
Total annual revenue: €433.5m
Change: +9%
Wages/revenue ratio: 74%
Net transfer balance: -€93.3m
8. Chelsea
Total annual revenue: €493.1m
Change: +5%
Wages/revenue ratio: 77%
Net transfer balance: -€214m
7. Liverpool
Total annual revenue: €550.4m
Change: -1%
Wages/revenue ratio: 64%
Net transfer balance: n/d
6. Paris Saint-Germain
Total annual revenue: €556.2m
Change: +3%
Wages/revenue ratio: n/d
Net transfer balance: n/d
5. Manchester United
Total annual revenue: €558m
Change: -4%
Wages/revenue ratio: 65%
Net transfer balance: -€106.2m
4. Barcelona
Total annual revenue: €582.1m
Change: -18%
Wages/revenue ratio: 84%
Net transfer balance: -€24m
3. Bayern Munich
Total annual revenue: €611.4m
Change: -4%
Wages/revenue ratio: n/d
Net transfer balance: n/d
2. Real Madrid
Total annual revenue: €640.7m
Change: -7%
Wages/revenue ratio: 63%
Net transfer balance: +€86.8m
1. Manchester City
Total annual revenue: €644.9m
Change: +17%
Wages/revenue ratio: 62%
Net transfer balance: -€112.4m