Deloitte Football Money League - 2022

City are top of the money league
City are top of the money league / Michael Regan/GettyImages
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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

Deloitte Football Money League - 2022

20. Aston Villa

Danny 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


19. Zenit St. Petersburg

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


18. Everton

Frank 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


17. Wolverhampton Wanderers

Jonny 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


16. West Ham United

Andriy 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


15. Leicester City

Marc 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


14. Inter

Lautaro 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


13. Atletico Madrid

Diego 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


12. Borussia Dortmund

Erling 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


11. Arsenal

Mikel Arteta
Arsenal spent big / James Gill - Danehouse/GettyImages

Total annual revenue: €366.5m

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


10. Tottenham Hotspur

Heung-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


9. Juventus

Andrea 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


8. Chelsea

FBL-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


7. Liverpool

Jurgen 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


6. Paris Saint-Germain

Kylian 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


5. Manchester United

Cristiano Ronaldo
Ronaldo is back in Manchester / Soccrates Images/GettyImages

Total annual revenue: €558m

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


4. 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


3. Bayern Munich

Robert Lewandowski
Down -4% / Alexander Hassenstein/GettyImages

Total annual revenue: €611.4m

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


2. Real Madrid

Carlo 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


1. Manchester City

Pep 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