Real Madrid are football's biggest
moneymaker for the 11th straight year, while
Bayern Munich dropped to their lowest position in
eight years.

Despite winning no trophies last season, Madrid's
revenue of €577 million ($628m) in the 2014-15
season kept them top of the Football Money
League compiled by accountancy firm Deloitte.

"The planned redevelopment of the Santiago
Bernabeu will help to continue the growth in
matchday income in the coming years," said Dan
Jones, a partner in the Deloitte sports business
division.

The revenue of the world's top 20 clubs, which
are all in Europe and dominated by nine from the
Premier League, grew 8 percent year-to-year to
€6.6 billion ($7.2 billion).

European and Spanish champion Barcelona
regained second place by generating €560.8m,
displacing Manchester United which made
£395.2m ($560m) while still struggling on the
pitch in the post-Alex Ferguson era.

"Despite a reduction in revenue year-on-year, the
fact that Manchester United remain in the top
three of the Money League demonstrates the
underlying strength of the club's business
model

," said Deloitte senior manager Tim Bridge,
who added a United return to the top next year
wouldn't be out of the question.
French champion Paris Saint-Germain climbed to
fourth by generating €480.8m, followed by
Bayern on €474m.

Also in the rankings, Arsenal have gone above
Chelsea into seventh place, one behind
Manchester City while Liverpool are the other
Premier League club in the top 10, in ninth spot.

English clubs were also helped by a 10 percent
strengthening of sterling against the euro.
Bridge added:


"Despite disappointing
performances by Premier League clubs in recent
European competitions, they continue to lead the
way in revenue terms. This is again testament to
the phenomenal broadcast success of the English
Premier League and the relative equality of its
distributions, giving its non-Champions League
clubs particularly a considerable competitive
advantage internationally.

"With the new round of Premier League broadcast
deals set to deliver greatly improved domestic
broadcast revenues in 2016-17, we expect to see
Premier League clubs cementing their places in
the top 30 in the coming years, with potential for
some of these to climb into the top 20."
The Deloitte Football Money League (2014-15
revenue in millions of euros):

1. Real Madrid (€577m), 2. Barcelona (€560.8m),
3. Man Utd (€519.5m), 4. Paris St Germain
(€480.8m), 5. Bayern Munich (€474m),
6. Man
City (€463.5m, 7. Arsenal (€435.5m), 8. Chelsea

(€420m), 9. Liverpool (€391.8m) 10. Juventus
(€323.9m).
11. Borussia Dortmund (€280.6m), 12.
Tottenham (€257.5m), 13. Schalke (219.7m),

14. AC Milan (€199.1m), 15. Atletico Madrid
(€187.1m), 16. Roma (€180.4m), 17. Newcastle
(€169.3m), 18. Everton (€165.1m), 19. Inter
Milan (€164.8m), 20. West Ham (€160.9m).

21. Galatasaray (€159.1m), 22. Southampton
(€149.5m), 23. Aston Villa (€148.8m), 24.

Leicester (€137.2m), 25. Sunderland (€132.9m),
26. Swansea (€132.8m) 27. Stoke (€130.9m),
28. Crystal Palace (€130.8m), 29. West Brom
(€126.6m), 30. Napoli (€125.5m).

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