The Premier League club revenue continues to solidify its status as the world’s most lucrative football league, with its 2023/24 season revenue setting new benchmarks for financial success.
According to the Deloitte Football Money League 2025, English clubs dominate global football’s revenue rankings, with Manchester City, Manchester United, Liverpool, Chelsea, Arsenal, and Tottenham Hotspur the “Big 6” leading the charge.
In this analysis, we dissect the Premier League revenue 2024, examining how commercial innovation, broadcast deals, and stadium upgrades have shaped the EPL club revenue 2024 landscape.
Premier League Revenue Overview 2023/24
The Premier League clubs revenue 23/24 reached unprecedented heights, contributing significantly to the €11.2 billion total generated by Money League clubs globally a 6% year-on-year increase. Key drivers included:
- Matchday Revenue: A record €2.1 billion (+11% YoY), fueled by stadium expansions and premium offerings.
- Commercial Revenue: €4.9 billion (+10% YoY), driven by sponsorships and non-football events.
- Broadcast Revenue: €4.3 billion (stable YoY), with future growth tied to international rights.
The Premier League revenue by year shows steady growth since 2016, with the league now accounting for nearly 40% of the Big Five European leagues’ total income.
Revenue Stream Breakdown for Premier League Clubs
Commercial Revenue: The Engine of Growth
Premier League commercial revenue by club highlights the Big 6’s dominance. On average, commercial streams contributed 44% of total club revenue (€244m per club), outperforming other European leagues.
- Manchester City leveraged partnerships with Etihad and Puma to generate €482m in commercial income.
- Liverpool saw a 20% spike in merchandise sales, driven by their retro kit line and global retail partnerships.
The Deloitte report notes that eight Premier League clubs reported stronger retail performance, signaling a shift toward controlling merchandise value chains.
Broadcast Revenue: Stability Before Storm
While Premier League broadcast revenue remained flat at €4.3 billion in 2023/24, the league is poised for a 2025/26 uplift through new MENA and APAC media rights deals. Clubs like Arsenal benefited from UEFA Champions League (UCL) participation, earning €717m in total revenue (+15% YoY). Conversely, Chelsea (10th in Money League) faced a €58m drop in broadcast income after missing UCL qualification.
Matchday Revenue: Stadiums as Profit Centers
Premier League clubs turnover 2024 surged 11% to €2.1 billion, driven by:
- Manchester City: Sold-out crowds at the expanded Etihad Stadium (63,000 capacity).
- Tottenham Hotspur: Premium hospitality packages at their £1.2bn stadium contributed €120m.
- Liverpool: Anfield’s redevelopment boosted matchday income to €103m.
Big 6 Club Financial Analysis
1. Manchester City (€837.8m)
1% growth | Commercial: 58% | UCL semi-final run
Pep Guardiola’s side became England’s financial champions despite minimal growth. Their €485m commercial haul – including 26 partner deals – now rivals tech giants. Matchday income jumped 15% to €79m from expanded hospitality.
What’s the secret? “We’re not just a football club, we’re a global entertainment brand,” said CEO Ferran Soriano last May. City Football Group’s 13-club network funnels commercial opportunities.
2. Manchester United (€770.6m)
3% growth | Commercial: 53% | No UCL football
United proved commercial muscle outweighs poor results. Their €408m sponsorship income – including €75m from new sleeve partner Qualcomm – offset an 8th-place league finish. Broadcast revenue fell 12% without Champions League money.
3. Arsenal (€716.5m)
35% growth | Commercial: 41% | UCL quarter-finals
The Gunners’ financial comeback mirrored their title charge. Commercial revenue rocketed 62% to €294m through new partnerships with Disney+ and Emirates. Their €121m matchday income leads England – 60,000+ crowds at 97% capacity.
“Champions League nights added €25m alone,” revealed CFO Tim Lewis. Second-place finish brought €160m broadcast cash – €30m more than 2022/23.
4. Liverpool (€714.7m)
5% growth | Commercial: 49% | Europa League exit
Anfield’s expansion to 61,000 seats boosted matchday income 18% to €112m. New retail partnerships with Nike drove €350m commercial revenue despite European disappointment.
Jurgen Klopp’s farewell tour paid dividends – €28m from commemorative merchandise outsold every PL rival.
5. Tottenham Hotspur (€615m)
3% decline | No European football
Spurs felt the €40m hole from missing UEFA competitions. Commercial growth (€267m) softened the blow through new AI training tech deals. Their €108m matchday income remains England’s second-highest.
6. Chelsea (€545.5m)
7% decline | Wage bill crisis
No Champions League football cost €55m in lost revenue. Commercial income flatlined at €228m as sponsors hesitated. The squad’s €205m wage bill now eats 38% of revenue – above UEFA’s recommended 30%.
Rising Powers
Newcastle United (€372m)
88% growth | UCL group stage
Saudi-backed commercial deals tripled to €97m. Broadcast revenue hit €201m – up €65m from European qualification. Plans for expanded St James’ Park could add €30m/year.
Aston Villa (€310m)
41% growth | Conference League run
Villa Park’s new hospitality suites drove €68m matchday income. European football added €22m, helping commercial revenue jump 33% to €102m.
Other Clubs’ Finances
| Club | Revenue | Growth | Key Driver |
|---|---|---|---|
| West Ham | €280m | 12% | Europa League semi-final |
| Brighton | €257m | 18% | Player sales (€127m) |
| Crystal Palace | €219m | 4% | New stand revenue |
Lower mid-table clubs face revenue ceilings. Everton (€218m) and Wolves (€207m) saw sub-5% growth despite commercial pushes.
Comparative Analysis: Premier League vs. Global Peers
While Premier League clubs revenue 2024 grew by 6%, Real Madrid became the first club to hit €1 billion in revenue. However, the Big 6’s commercial focus mirrors global trends:
- Commercial Revenue Share: Premier League (44%) vs. La Liga (38%).
- Broadcast Dependence: Clubs ranked 11-20 in Money League rely on broadcast for 47% of income, compared to 34% for the Big 6.
Key Financial Trends
- Commercial King: 44% of PL income now comes from sponsorships and retail – up from 33% in 2015.
- Broadcast Stability: Domestic deals flat until 2025, but new APAC rights could bring 15% uplift.
- Stadium Arms Race: 8/20 PL clubs planning expansions. Anfield’s renovation added €23m annual income.
Future Outlook: Innovation and Risks
- Stadiums as Entertainment Hubs: Over 300 global stadium projects are underway, including Manchester United’s potential Old Trafford overhaul.
- Broadcast Evolution: The Premier League’s in-house media arm (launching 2026/27) could disrupt traditional rights models.
- Player Welfare Risks: Clubs like Manchester City face 74 matches in 2024/25, testing squad depth and revenue sustainability.
- Global Push: Summer 2024 US tour involved 16 PL clubs – double 2019 numbers. International friendlies now generate €5-10m per club.
Bottom line
The Premier League revenue 2024 underscores its financial supremacy, driven by commercial agility and infrastructure investments. While the Big 6 dominate football club revenue 2024, challenges like fixture congestion and reliance on global markets loom. As the league evolves, balancing profit with player welfare and fan engagement will define its long-term success.
