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8. AC Milan

256.9 million euros ($348.8 million)

Silvio Berlusconi's team is the top ranked Italian club in the money league, although it fell one place thanks to Manchester City's surge in financial power. The club, owned by the former Italian Prime Minister and controversial billionaire, saw its revenues rise by 9 percent over the previous year thanks to a significant improvement in broadcasting revenue caused by its best performance in the Champions League in five years.

With an ageing stadium, Milan's ability to generate enough match day income to compete with the sides above them is diminishing. It only managed to increase match day revenue by 0.1 percent, a paltry number considering the increased number of games held in the stadium due to its Champions League performance. Even though Milan's San Siro has double the capacity of Chelsea's Stamford Bridge stadium, it earned just one third the revenue. The exodus of Milan's stars, led by Zlatan Ibrahimovic, is unlikely to help either attendance figures or on-field performance. The club may struggle to hold off Juventus as Italy's financial leader.

Claudio Villa | Getty Images