Manchester City retained its spot at the top of the money league with revenues of €731m, followed by Real Madrid with revenues of €714m. Liverpool rose four places to third (€702m), its highest position.

The year-on-year increase of 13% came as matchday spending rebounded, rising from €111m to €1.4bn, following the return of fans to stadia as Covid-19 restrictions were lifted, according to the 26th edition of the Football Money League published by Deloitte’s Sports Business Group.

Commercial revenues rose by 8% year-on-year (from €3.5bn to €3.8bn) but the impact of this was offset by an 11% (€485m) fall in broadcast revenue following a high comparative 2020/21 season, which benefited from deferrals of broadcast revenue relating to postponed 2019/20 matches.

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