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10: AC Milan

League: Serie A (Italy)
2012/13 revenue: $356.3 million
2011/12 revenue: $348 million

Currently sitting 11th in their league and having recently sacked their coach Massimilano Allegri, replacing him with decorated former player Clarence Seedorf, it's fair to say that Italian giants AC Milan are having a tough season.

Revenues for the club have increased by 6.6 million euros ($9 million), but this hasn't stopped them dropping two places to tenth in the Money League. Match day revenue has fallen by 7.4 million euros, a 22 percent decrease, with average home crowds falling to 44,123 in 2012/13, a 9 percent drop on the previous season.

While commercial revenue fell by 1 percent in 2012/13, a number of new deals – which include Chinese tech company Huawei becoming a premium sponsor – will more than likely see the Rossoneri return to growth.

Despite suffering in the league, AC Milan still possess a playing staff littered with star names such as Italy's Mario Balotelli (pictured) and Brazil's Kaka, and it is hoped that a revitalized squad will help to generate results on – and off – the pitch.

Claudio Villa | Getty Images