Inter Milan Jump 37% in Deloitte’s Money League But Still No Italian Clubs in the Top 10
Deloitte posted their annual Football Money League report, revealing the highest revenue-generating teams in the world.
Charlie Rhodes
Updated on 22 January 2026
The Deloitte Football Money League report for 2026 has been published, but Italian teams are still some way off making the top 10.
For the fifth consecutive year, no Italian teams have made their way into the Deloitte Football Money League top 10.
The report, which analyses and ranks clubs based on annual revenue, has become a reliable indicator of those with healthy financials.
In recent editions, Premier League clubs have largely dominated the top 10, and this year is no different.
Six English teams feature in the top 10, with Liverpool ranking as the highest revenue-generating Premier League side for the first time in its history.
However, all six fail to make it into the top five, with Real Madrid posting the most revenue for a fourth consecutive year, followed by Barcelona, Bayern Munich and PSG.
Deloitte Football Money League Top 10
| 1. Real Madrid | €1161m (£975m) |
| 2. Barcelona | €974.8m (£819m) |
| 3. Bayern Munich | €860.6m (£723m) |
| 4. Paris St-Germain | €837m (£703m) |
| 5. Liverpool | €836.1m (£702m) |
| 6. Manchester City | €829.3m (£697m) |
| 7. Arsenal | €821.7m (£690m) |
| 8. Manchester United | €793.1m (£666m) |
| 9. Tottenham | €672.6m (£565m) |
| 10. Chelsea | €584.1m (£491m) |
Italian Clubs On the Rise in Deloitte Football Money League
The 2025 Deloitte Football Money League revealed Juventus had dropped below AC Milan and Inter for a second year in a row, and that trend has continued in 2026.
With a deal imminent for Comvest to clear Milan’s debt with Elliot Capital, they are in a healthy spot heading into their long-term financial future with RedBird Capital.
Plans to build a new San Siro along with Inter will also place more matchday revenue in their own hands, rather than shelling out a chunk to pay the existing stadium lease to the city council.
However, it is neighbours Inter Milan who rank the highest in this year’s Money League.
The Nerazzurri posted a 37 percent increase compared to 2023-24, reaching €537.5m and ranked just outside the top 10 below Chelsea.
Inter, Juve and Milan all saw their revenues increase and stayed in either the same position as last year, or jumped up in the rankings.
The only other Italian club to make it into the top 30 was Roma, who slipped down four places year-on-year to 27th with €216.3m in revenue. Much like Milan, Roma’s new stadium plans are being made with a view to increasing matchday revenue.
It is worth noting that all of the clubs bar Juventus in the top 30 are helmed by Serie A’s influx of US owners.
Rest of the Top 20
11. Inter Milan – €538m
12. Dortmund – €531m
13. Atletico Madrid – €455m
14. Aston Villa – €450m
15. AC Milan – €410m
16. Juventus – €402m
17. Newcastle – €398m
18. Stuttgart – €296m
19. Benfica – €283m
20. West Ham – €276m
Charlie Rhodes
Charlie has built a deep portfolio across a wealth of sports websites, with a heavy focus on Europe's top five leagues. He has a long-standing interest in Serie A having grown up watching Football Italia on Channel 4 as a child. With extensive experience tailored towards news, long-form content and heavily researched features, Charlie has also garnered experience in several roles in the fintech and marketing sector.
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