Real Madrid has been recognized for the second consecutive year as the world’s most valuable soccer club, according to Football Benchmark 2025’s annual report. The club reached a record valuation of €6.278 billion (approximately $6.7 billion), an increase of 23% over the previous year, far surpassing Manchester City (€5.104 billion) and Manchester United (€5.051 billion).
This milestone makes it the first club to surpass €6 billion in enterprise valuation. It was also the first to generate more than €1 billion ($1.07 billion USD) in operating income, driven largely by revenues from the renovated Santiago Bernabéu stadium (€251 million – $268.57 million USD).
Sustainability models
The Royal Society is consolidating its position as a model of financial sustainability.
This is with a year-on-year growth of 35% and a valuation of €529 million (approximately $565 million).
It is the only Spanish club, besides Real Madrid, with positive net results since 2014
Real Betis, meanwhile, broke into the European Top 32 for the first time:
With a valuation of €472 million (approximately $504 million).
Its entry is evidence of prudent and efficient institutional management, which prioritizes sporting performance without compromising the economic future.
Big numbers, big risks
FC Barcelona ranks fourth with a valuation of €4,459 million (approximately $4,765 million).
However, it faces significant financial challenges, with accumulated losses exceeding €200 million (US$214 million).
The club reached a record valuation
Atletico Madrid, with a valuation of €1.873 billion (approximately $2 billion), also has a negative net balance and more transfer expenses than revenues.
Growing inequality
The report highlights the growing gap between the LaLiga giants (Real Madrid, Barça, Atleti) and the rest.
All three exceed €350 million ($374.5 million USD) in payroll spending.
While clubs such as Real Sociedad, Betis or Sevilla do not reach €200 million.
In the European context, the Premier League dominates with six teams in the Top 10 and an average value per club double that of 2016.
Meanwhile, Italy fades from the elite financial map, with no club in the top ten.
And with Juventus slipping to 15th place after losses approaching €1 billion.
In an era where balance sheets weigh as much as titles, Real Madrid remains the most complete club in the world: successful, profitable and stable.
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