Revenues in European club football continue to climb but are accompanied by warnings about the sport’s long-term financial health in a new report from consultancy firm Deloitte, released on Wednesday.The latest Annual Review of Football Finance, now in its 35th iteration, covers finances on the continent in the 2024-25 season, when European football revenues topped €40billion (£33.6bn; $43.5bn) for the first time.That represented 13 per cent growth on 2023-24, a rise attributed to expanded UEFA and FIFA competitions, principally the Champions League and the Club World Cup, but the report’s authors have cautioned that simply adding more games to football’s calendar is not sustainable.Tim Bridge, lead partner in Deloitte’s Sports Business Group (SBG), said: “An increasingly saturated market may not be good for players or fans, particularly if it weakens the on-pitch spectacle. This approach, without a collective mindset from all rightsholders, risks prioritising short-term gain over long-term prosperity.”Moreover, the report emphasises the need for a “shared plan for the future” to help European football retain its dominance as well as staving off competition from “other entertainment businesses”. Diversified business models will be required, not least as simply adding more games to broadcast packages is an unsustainable long-term strategy.Bridge, in the report’s foreword, also notes a “critical juncture” regarding club stadiums and how revenues are extracted from matchgoing fans. Premier League matchday revenues topped £1bn for the first time in 2024-25, and grew across all of Europe’s ‘big five’ leagues, but clubs have come increasingly under fire for ticket price rises. Further afield, the inflated prices of tickets for this summer’s World Cup overshadowed much of the build-up to the tournament.The warnings arrive even as Deloitte projects more revenue growth looms. The report details expected revenues across European football of €44.bn in 2025-26, then a further rise to €45.7bn in the upcoming 2026-27 season.That growth is spearheaded by the Premier League, where 2024-25 revenues hit €8.1bn (£6.8bn) and are expected to surpass €8.5bn (£7.4bn) in 2025-26. Improved European performances alongside an uplifted TV deal put La Liga’s 2026-27 projected revenues at €4.5bn, the second-highest in Europe, but that is still 90 per cent below where England’s top tier is expected to land this season.Football’s growing competitiveness worriesThe Premier League’s financial dominance is nothing new and, speaking to The Athletic, Jennifer Haskel, SBG Knowledge and Insights Lead, outlined the need for “broad collective action” to ensure European football retains its competitiveness. While the Premier League’s success is worthy of acclaim, the figures in this report highlight the continuing dominance of English clubs.