The Political Economy of Football V2

This post reports the general findings of the latest authoritative Deloitte Money League.  Club analysis in a separate post. Now in its 28 th  edition, the Deloitte Football Money League profiles the highest revenue generating football clubs in world football. The 2023/24 season unlocked a new frontier, as Real Madrid became the first football club to record €1 billion in revenue. The 2023/24 season created football history, as Real Madrid became the first football club to generate €1 billion across a single season. The club’s financial success during the season was underpinned by the newly renovated and expanded Bernabéu Stadium, which delivered significant uplifts to matchday and commercial revenue over the previous season.  Cumulatively, the Money League clubs in 2023/24 generated a record €11.2 billion, an increase of 6% over the 2022/23 season, with record matchday, commercial and broadcast revenues. In 2023/24, the average Money League club generated €560m, comp...

Deloitte Sports Business have produced an update of their 2020 Money League to take account of the impact of Covid-19 on the football industry.   I will attempt to summarise some of the main insights, but the whole document repays reading:  https://www2.deloitte.com/uk/en/pages/sports-business-group/articles/covid-19-football-and-digital-2020-21-season-and-beyond.html The main take home lesson is that the impact of Covid-19 is potentially destructive, but it is up to each club to be agile and develop strategies that will enable them to cope.   Deloitte estimate the total revenue loss for the 20 richest clubs at €2bn by the end of the season. Bayern Munich overtook Manchester United to become the third highest earner behind Barcelona and Real Madrid.  The German club's revenues were €634m compared with €580m at Manchester United.  The Bundesliga's quicker resumption of play in 2019/20 was a factor for Bayern Munich.   The Bundesliga was also a...