The 446th CIES Football Observatory Weekly Post presents the 100 clubs with the most profitable academies in the world in terms of revenues generated over the last ten years by the transfer of players who spent at least three seasons there between the ages of 15 and 21*. Portuguese side Benfica are clearly in the lead with €516 million, two thirds of which has been collected in the last five years.

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Editors:
Raffaele Poli
Roger Besson
Loïc Ravenel
Thomas Gonzalez

Ajax (€376 million) and Olympique Lyonnais (€370 million) complete the podium. As in the case of Benfica, the majority of Ajax's revenues from the transfer of players from its academy has been generated over the last five years (66%). Despite transfer price inflation, this percentage is much lower for Olympique Lyonnais (50%).

Also in the top ten are three English clubs (Chelsea, Tottenham and Manchester City), a second Portuguese team (Sporting CP), as well as Real Madrid (fourth), AS Monaco (sixth, largely thanks to the revenues from Kylian Mbappé’s transfer to Paris St-Germain) and Italy's Atalanta (tenth). Outside Europe, the clubs with the most profitable academies are Brazil's Flamengo (thirteenth) and Argentina's River Plate (fourteenth).