We prove an upper bound on sums of squares of minors of $\{+1, -1\}$-matrices. The bound is sharp for Hadamard matrices, a result due to de Launey and Levin [‘$(1,-1)$-matrices with near-extremal properties’, SIAM J. Discrete Math.23(2009), 1422–1440], but our proof is simpler. We give several corollaries relevant to minors of Hadamard matrices.