Real Madrid Becomes First Club Valued Over €6bn, Tops Global Rankings at €6.28bn

Real Madrid has retained its position as the world’s most valuable football club, according to the latest valuation report by Football Benchmark, with an enterprise value (EV) of €6.28 billion (US$7.1 billion). The Spanish club is now the first in history to surpass the €6 billion mark.

In 2023, Real Madrid also became the first football club to record more than €1 billion (US$1.13 billion) in total operating revenue. The club’s business success continues to attract industry recognition, having also topped valuation rankings by Sportico and CNBC this month, both valuing the team at over US$6.5 billion.

Real Madrid is one of the benchmarks in European soccer's elite, not only because of its players and the number of fans they attract on every matchday. Also, on a strictly business level, thanks to the excellent management of the current board of directors, led by Florentino Pérez. The Merengue bosses have set more records for another year and place Real Madrid at the very top.

This milestone is featured in the tenth annual report by Football Benchmark, which assessed 32 European clubs. Eligible teams were selected based on criteria including top 50 rankings in operating revenue, Uefa’s five-year coefficient, or being among the top 30 most-followed European clubs on social media as of January 1st, 2025.

Since Football Benchmark’s first report in 2016, the combined enterprise value of the top 32 clubs has grown by 146 per cent. However, despite a decrease in the average squad cost-to-revenue ratio to 82 per cent in 2025, overall profitability remains a challenge. Squad costs have risen 78 per cent, outpacing the 72 per cent growth in operating revenue.

Real Madrid enters the summer as a favourite to win the FIFA Club World Cup. However, the club will not participate in the UEFA Champions League final on May 31st, which will see Paris Saint-Germain (PSG) — ranked eighth with a valuation of €3.76 billion (US$4.24 billion) — face Inter Milan, who are 14th in the ranking with €1.71 billion (US$1.93 billion).

Manchester United completes the top three, despite a difficult period, with a valuation of €5.061 billion (US$5.5 billion). FC Barcelona, the only other Spanish club in the top ranks, sits in fourth place with a value of €4.459 billion (US$4.8 billion), having slipped one position from last year.