Published: 13:54 EST, 20 February 2024 | Updated: 14:13 EST, 20 February 2024
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]]]]>]]>The latest UEFA financial report has revealed the top ten European clubs to be making money from jersey and merchandise sales - but the Premier League champions Manchester City are not among them.
Strong shirt sales can boost a club's bottom line, which is vital for their financial security and future expenditure in the era of FFP, but some clubs benefit more than others.
Manchester City posted a Premier League record turnover of PS712.8m in November 2023, the year when they also won the Treble, before adding the Club World Cup in December.
However, Pep Guardiola's Citizens are absent from the top ten list of clubs who made the highest earnings from their merch sales, including those all-important shirts.
Spanish giants Barcelona topped the list, making EUR179m (PS153m) from jersey and merchandise sales, EUR24m more than their LaLiga rivals Real Madrid.
Man City posted a record turnover - but were not among Europe's top shirts and merch clubs
Both the Spanish sides have been famously popular football shirts with fans, which has propelled them to the top of the list, whilst Bundesliga giants Bayern Munich were third on the list, making EUR147m.
Top 10 European clubs for revenue from jersey and merchandise sales 1. Barcelona - EUR179m
2. Real Madrid - EUR155m
3. Bayern Munich - EUR147m
4. Liverpool - EUR132m
5. Manchester United - EUR130m
6. PSG - EUR97m
7. Arsenal - EUR89m
8. Chelsea - EUR87m
9. Juventus - EUR74m
10. Tottenham - EUR74m
(Data from the UEFA Financial Report)
PSG were sixth on the list, having sold EUR97m worth of shirts and other items during the period, ahead of London duo Arsenal on EUR89m and Chelsea on EUR87m.
Italian giants Juventus, and Premier League Tottenham, rounded out the top ten, making EUR74m each from their merchandise sales.
Manchester City just missed out on the top 10, making EUR73m from their merchandise and shirt sales, putting them ahead of teams like Borussia Dortmund, AC Milan and Ajax in UEFA's ranking.
Traditionally well supported clubs Galatasaray, Leeds United, Celtic, Fenerbahce, Eintracht Frankfurt and Inter Milan round out the top 20.
Manchester City's record income of PS712.8m, announced in late 2023, was up from PS613m the previous year.
It put them second globally for income, behind only Real Madrid.
The Citizens almost doubled their profit in the same period from PS41.7m to PS80.4m, despite a large increase in player wages signing stars like Erling Haaland to their ranks.
At the time, Man City chairman Khaldoon Al Mubarak said: 'Success today simply means further investment for tomorrow. Our financial health and on field success mean everyone connected to Manchester City can look forward to the future with excitement.
'Our collective achievements give me huge confidence that together we can accomplish even more in the years to come.'
Liverpool were the top Premier League side, ahead of Manchester United, Arsenal and Chelsea
Earlier this week, a UEFA report revealed Tottenham make the most money per match of any club in the Premier League.
Financial expert Kieran Maguire said Spurs make EUR5.6m (PS4.8m) every matchday when taking into account gate revenue and money spent by fans at games, while also deducting how much it costs clubs to host matches.
Pep GuardiolaPremier League 