AnalysisAnalysisRevenue, costs and transfers across Europe's 20 richest clubs, 2020/21 to 2024/25. Euros at ECB rates; click any figure for its page.
Wages plus transfer fees spread over each contract, set against revenue.
Wages are all staff. Amortisation spreads each transfer fee over the contract. Worked out by us from the accounts; not UEFA's squad-cost ratio. Euros at ECB rates. * wages only, amortisation not published. ▲▼ change from 2023/24, per €100; up is worse. No 2024/25 figures: Stuttgart.
Top left is the place to be: lean on wages, profitable before player trading.
Not plotted for 2024/25: Bayern, PSG, Stuttgart (EBITDA or staff costs not published for that season).
Wages are all staff costs, not only the players.