Flamengo Leads World Ranking in Soccer Club Profits
A survey details the financial performance of 18 global powerhouses and highlights Flamengo's sustainability.
A study featured on Bernardo Ramos's channel places Flamengo at the top of the accumulated profit rankings among the world's leading soccer clubs. The analysis compares revenues and net results between European and Brazilian giants.
Flamengo has posted the highest accumulated profit in world soccer in recent years, outperforming European giants such as Real Madrid, Manchester City, Manchester United, and Paris Saint-Germain. The data comes from a study conducted by Professor Marcelo Munche, who evaluated the financial statements of 18 prominent international clubs between 2020 and 2025.
According to Bernardo Ramos, sound financial governance serves as the foundation for sporting sustainability. Ramos notes that while European powerhouses reach revenue levels unattainable for the Brazilian market, strict cost and operating expense controls place Flamengo in an advantageous position for retaining capital.
In the video above, you can watch the full presentation of the study, including charts and the breakdown of numbers for every team analyzed.
Billion-euro revenues in European soccer
According to the data presented by Marcelo Munche, the combined revenue of the 18 clubs analyzed showed a steady upward trajectory: nearly €7.8 billion in 2021, €8 billion in 2022, €8.6 billion in 2023, €10.8 billion in 2024, and €11.6 billion in 2025, totaling €57 billion collected over the period.
In terms of gross revenue, Real Madrid led the survey with over €5 billion accumulated, followed by Bayern Munich (€4.8 billion), Barcelona (€4.4 billion), Manchester City (€4.3 billion), PSG (€4.292 billion), Manchester United (€4.121 billion), and Liverpool (€4.025 billion).
Net profit and Flamengo's top ranking
When deducting costs, taxes, and expenses, the scenario reverses for most competitors. Only five of the 18 clubs analyzed finished the cumulative six-year period in the black: Flamengo, Bayern Munich, Manchester City, Palmeiras, and Real Madrid. The remaining teams racked up €4.4 billion in combined losses, with PSG accumulating a deficit of nearly €1 billion.
At the top of the net earnings ranking, the study placed Flamengo in first place, followed by Bayern Munich in second, Manchester City in third, Palmeiras in fourth, and Real Madrid in fifth. Ramos highlights that this balance sheet strength ensures financial stability for the club even amid potential advertising market volatility, such as shifts in the sports betting sector and the sponsorship agreement with Betano.