Real Madrid have now overtaken Manchester United as the world’s richest football club, according to the updated Deloitte Football Money League.
United had previously sat at the top of the list back in 2018, but have now dropped down to third in the table, with Madrid’s La Liga rivals Barcelona also climbing the table, moving into second place.
Bayern Munich and Manchester City round off the top five, with PSG somewhat surprisingly in sixth. The rest of the top 10 is made up entirely by Premier League clubs in Liverpool, Chelsea, Arsenal and Tottenham Hotspur, despite the latter pair’s unwillingness to spend in the transfer window.
The index measures the amount of income generated by each club across each season, with Madrid’s total of £665m being a record in the history of the statistic, as the club won their third straight Champions League title in May.
Elsewhere, Liverpool had the greatest increase in revenue out of the top 10, with profits moving up 25% from the previous season as they went on to be beaten finalists against Madrid in the Champions League final in Kiev.
Success in the Champions League also helped Roma, whose profits have almost doubled up to £222m after they reached the semi-finals of the competition back in the 2017/18 season.
The exposure of the Premier League to the rest of the world has also been highlighted by the standings, with nine of the top 20 all being top English sides. Everton, Newcastle United and West Ham United have all made the top 20, with the Toffees sitting one place above European giants AC Milan after making £5m more in revenue.
Head of the Sports Business Group at Deloitte, Dan Jones said: Dan Jones, head of the Sports Business Group at Deloitte, said: "Real Madrid's outstanding financial performance in 2017/18 is built on their long history of success on the pitch, most recently three consecutive Champions League titles.
"This has enabled the club to continue to drive commercial revenue as the appetite to partner with Europe's most successful clubs remains stronger than ever."