Deloitte: Milan 19th among European clubs in revenue for 2020-21 – the full list

By Oliver Fisher -

The latest issue of the Deloitte Football Money League has shown just how much work AC Milan have to do to bridge the gap with the elite in Europe.

Deloitte do an annual study on the financial statements of football clubs which are provided every year and they have discovered that it is Manchester City who are in first place in terms of revenues for 2020-21, overtaking Barcelona who have dropped to fourth.

Juventus are still the highest placed Italian club as they are in 10th and Inter are 14th, Milan are 19th, while Roma (24th), Atalanta (25th), Napoli (28th) and Lazio (30th).

The revenues recorded by AC Milan for the 2020-21 financial year are €216.3m, so even though an initial report had the Rossoneri in 30th, it has now been adjusted.

We also confirm that by today Deloitte will publish the entire updated and correct report online.

1. Manchester City – €644.9m
2. Real Madrid – €640.7m
3. Bayern Munich – €611.4m
4. Barcelona – €582.1m
5. Manchester United – €558m
6. Paris Saint-Germain – €556.2m
7. Liverpool – €550.4m
8. Chelsea – €493.1m
9. Juventus – €433.5m
10. Tottenham – €406.2m
11. Arsenal – €366.5m
12. Borussia Dortmund – €337.6m
13. Atlético Madrid – €332.8m
14. Inter – €330.9m
15. Leicester – €255m
16. West Ham – €221.5m
17. Wolverhampton Wanderers – €219.2m
18. Everton – €218.1m
19. Milan – €216.3m
20. Zenit St. Petersburg – €212m
21. Aston Villa – €207.3m
22. Seville – €199.5m
23. Leeds – €192.7m
24. Roma – €190.4m
25. Atalanta – €187.6m
26. Southampton – €177.5m
27. Borussia Monchengladbach – €177.5m
28. Napoli – €174.5m
29. Newcastle – €170.1m
30. Lazio – €163.5m

Tags AC Milan


  1. We are missing exactly 100 million there, in the club’s approved budgets and everywhere in the media (also in your earlier articles) our revenue has been reported as 261.1 millions instead of the 161.1 millions in the Deloitte list.

  2. Considering the potential revenue lost from Dollaroma, Hakan is around 100M. We will also be losing potential revenue from Kessie around 60M eventually. So total pptential revennue lost between 2021 and 2022 (not countimg Romangoli) is 160M. If this was delt with in a better way the standings will be:

    Delloite report 161M +160M= 321M Other reports 261M + 161M = 421M

    Top 10

    1. Sale of player not including on revenue . It is just ticket,sponsporship,tv revenue. Beside no club want to buy Donnarumma,lord Hakan,kessie ,Romagnoli for total 160m euro like your imagination. You think selling player are so easy like selling food on street? Selling player to other club need player agreement too,if they refuse then there is nothing you can do to force them accept that buyer

  3. I beg to differ 🙂

    Deloitte list is excluding net transfer income.

    “In the Money League we record clubs’ ability to generate revenue from matchday, broadcast rights, and commercial sources.”

    “Revenue excludes player transfer fees, VAT and other sales related taxes. In a few cases we have made adjustments to total revenue figures to enable, in our view, a more meaningful comparison of the football business on a club by club basis.”

Comments are closed

Serie A Standings

Live football scores . Current table, fixtures & results.