The European football market reported record-breaking revenue of €38 billion in the 2023/24 season, a growth of 8% (€35.3bn in 2022/23), according to the 34th Annual Review of Football Finance, published by the Deloitte Sports Business Group.
The 2025 Deloitte Annual Review of Football Finance, ‘Taking the Corner’, analyses the business and finances of European professional football during the 2023/24 season, a period which showcased increasing sophistication across the industry, with a wider breadth of clubs achieving on-pitch success and record-breaking financial results.
Key findings from this year’s report include:
*Boosted by an evolving commercial landscape and stadium developments, the European football market reached a record €38bn in 2023/24, an 8% increase on the previous season.
*For the first time, revenues in the ‘big five’ European leagues – the Premier League, Bundesliga, LaLiga, Serie A and Ligue 1 – topped €20bn, growing by 4%.
*Premier League clubs’ revenue hit £6.3bn, with commercial revenue breaking £2bn, and overall operating profits growing by 36%.
*Primarily driven by a change in club mix, Championship clubs’ revenue soared by 28% to approach £1bn in 2023/24.
*And in the Women’s Super League, every club reported over £1m in revenue for the first time, with aggregate revenues increasing by 34% year-on-year.
While growth in the European football market is projected to continue, analysis from the Deloitte Sports Business Group highlights that top clubs can’t afford to take their eye off the ball.
Facing financial pressures and a shift in fan behaviour, in particular among younger generations, clubs have a challenge of balancing commercial growth with the historic essence of a football club’s role and position in society as a community asset.
Impending regulation is also a key area to watch. As clubs prioritise compliance in an evolving regulatory landscape, this will be a critical factor in unlocking new investment, community loyalty and fan trust.
