Real Madrid is the first football club to earn more than €1 billion ($1.04 billion) in a year, according to a report by Deloitte on Thursday.

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The report, which looks at the 2023-24 season, shows that the Spanish and European champions made €1.045 billion in revenue, putting them at the top of the list.

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Manchester City is in second place with €838 million, followed by Paris Saint-Germain with €806 million, Manchester United with €771 million, and Bayern Munich with €765 million.

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English Premier League clubs dominate the top 10, with Barcelona, Arsenal, Liverpool, Tottenham Hotspur, and Chelsea also making the list.

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The 20 clubs included in the study collectively received €11.2 billion, which is up 6% on 2022-23, Deloitte said.

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In the 2023-24 season, Real Madrid achieved major successes, winning the Champions League after defeating Borussia Dortmund in the final at Wembley and securing La Liga with a 10-point lead over second-place Barcelona.

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Their total revenue of €1 billion came from €248 million in matchday income, €316 million from broadcasting rights, and €482 million in commercial earnings.

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The ongoing improvements to the Santiago Bernabéu Stadium contributed to a significant increase in matchday revenue, which doubled compared to the previous year.

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Madrid's €248 million from matchdays is the highest of any club, with Paris Saint-Germain coming in second at €170 million.

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Their commercial revenue also grew by 19%, surpassing all other clubs.

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Deloitte reported that the revenue gap between the top two clubs, Real Madrid and Manchester City, is now a record €208 million, making it the largest difference ever seen in the study.

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