Europe’s Soccer Giants Keep Winning—and Are Cashing In

The only situation comparatively in question is the Premier League. Arsenal holds a five-point standings lead over Manchester City, which tied Everton 3–3 Monday in a crucial match. Man City, however, still has one game in hand compared to Arsenal, and there remains a chance that the Premier League title could come down to a tiebreaker based on goal differential.

The Premier League schedule concludes on May 24.

Though Arsenal could win its first Premier League title since 2004, it’s hardly an upstart. The club finished second each of the last three years, has led the league for much of the current campaign, and features the ownership of Stan Kroenke, who also controls several U.S.-based teams, including the NFL’s Rams.

Behind the Numbers

The situation across Europe shows the growing impact the financial might has on the sport. All five of the current standings leaders posted club-record revenues for the 2024–25 season. Each of them generated at least $660 million in revenue for the year, and in several cases exceeded the $1 billion threshold.

With the domestic titles, the winners in the Big Five leagues are each set to receive tens of millions in incremental revenue from additional sponsorships and ticket sales, as well as increased merit-based payments.

By comparison, mid-tier players in their respective leagues typically generate no more than half the revenue that those giants do, and sometimes far less than that.

Across Europe, the five league leaders also placed second (Barcelona), third (Bayern Munich), fourth (Paris Saint-Germain), seventh (Arsenal), and 11th (Inter Milan) in the latest edition of the Deloitte Football Money League, which ranks the highest revenue-generating clubs in global soccer. In many instances, the clubs have been able to expand their non-matchday revenue in recent years—in turn providing more funds to pour into their rosters.

“Many clubs are increasingly recognizing the power and impact of their brands and venues and the roles they play within the ecosystem of the world’s most popular sport,” Deloitte wrote in its Money League report.

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