European football revenues topped €40billion (£33.6bn; $43.5bn) for the first time in 2024-25, Deloitte said.

Deloitte has forecast “challenges ahead” for European football despite revenues surpassing the €40bn (£34bn) mark for the first time.

The clubs’ losses increased between 2023-24 and 2024-25 seasons which was attributed to transfer spending and the lack of one-off sales