Soccer's 20 biggest money-making clubs generated as much as 6.6 billion euros ($7.18 billion) in revenues last season, 8 percent higher than the year before, according to a new report from Deloitte's sports business group.
Leading the pack for the 11th year running was Real Madrid, with the Spanish giants reporting revenues of 577 million euros despite a disappointing season, topping local rival (and reigning Spanish league champion) Barcelona's 560.8 million-euro haul and Manchester United's 519.5 million euros figure.
"For the first time, the top three clubs in the Football Money League have all passed the 500 million euros revenue mark," said Dan Jones, a partner in the Sports Business Group at Deloitte in the report.
The Football Money League is calculated by taking into account the various revenue streams soccer clubs have, including match-day ticket sales, broadcasting rights, participation bonuses from various club competitions, as well as sponsorship and merchandising.
Last season the ratio of the three principal revenue streams for clubs remained consistent with previous years. 41 percent of revenue came from commercial avenues, 40 percent from broadcast, and 19 percent from match-day sources.
Rounding up the top five were France's Paris Saint-Germain with earnings of 480.8 million euros and Germany's Bayern Munich at 474 million euros. Notably, for the fourth time in the last seven seasons, the top 20 clubs all came from England, Spain, Italy, France, and Germany.