The Deloitte Football Money League has identified the 15 highest revenue clubs in world football in terms of women's clubs for the fourth year in a row.
The clubs registered record-breaking average revenue of over €10m for the first time, with the total revenue standing at €158m, a 35 percent rise from the last year.
The top 15 are fairly unchanged from the 2025 rankings, with Women's Super League teams maintaining their dominance.
Chelsea Women is ranked second with revenue of €25.4m, topped by the highest commercial revenue of €19.1m. FC Barcelona Femení is third with revenue of €22m. These three clubs comprise 46 percent of the overall revenue of the top 15 and recorded average revenue of €24.3m, which is over three times as much as the others (€7m).
Jennifer Haskel, the Knowledge and Insight Lead for Deloitte's Sports Business Group, observed that the increase in revenue results from innovation and commercialization in the top markets.
She observed that there is no one-size-fits-all solution for fan engagement and the achievement of other business goals; successful performance and business acumen can increase global value and create an opportunity for reinvestment.
Commercial revenue continues to drive the growth agenda, contributing 72 percent to the total revenue of the first 15 clubs. There has been a growth in average match day revenue of 15 percent from €1.3 million in the 2023/24 season to €1.5 million in the 2024/25 season.
However, some WSL clubs witnessed a decrease in the number of fans in attendance compared to the previous record-breaking season. TV revenue stood at average of €1.3 million, a decrease of 6 percent. However, there is a slight increase of 3 percent among the clubs that featured in the last year's first 15.
This was aided by European and international competitions. Manchester City Women rose by 63% to €12.9m, placing fourth after being back in the knockout stage of the UWCL.
FC Bayern Frauen entered the top eight for the first time with a cumulative value of €7.2m, aided by prize winnings of €2.3m for participating in the World Sevens Football tournament.
Jennifer emphasized that commercial revenues remain significant for the growth of women's football because sponsors have investments in the game in terms of accessing people who support the game and athletes who can influence the audience.
Although the game is growing in popularity, it is also important for it to change from the start-up phase it is in currently to a more mature stage through further investments and innovations in meeting the demands of the audience and athletes.
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