Real Madrid become richest football club in the World

Real Madrid leapfrog Manchester City to top Deloitte Football Money League. The Spanish giants return to summit with £723m revenue. Liverpool drop from third to seventh, the biggest fall in top 20.

Manchester City have been knocked off their financial perch by Real Madrid in the annual Deloitte Football Money League, despite winning the treble last season.

There was another surprise in the report, which found that the revenue of the top 20 richest men’s clubs rose by 14% to £9bn last season, as Tottenham overtook Chelsea to become the richest club in London.

Elsewhere the brakes have been put on the extent of Premier League domination, with only eight English clubs making the top 20 compared with 11 in 2021-22.

Liverpool’s poor performances on the pitch led to them dropping from third to seventh, the biggest fall of any club in the top 20, after their revenue dropped from £594.3m to £593.8m.

Manchester United (£649m) slipped one place to fifth, while Tottenham (£549m) moved up to eighth ahead of Chelsea (£513m) in ninth and Arsenal (£463m) in 10th. Leicester City, Leeds United and Everton dropped out of the top 20 and were replaced by Eintracht Frankfurt, Napoli and Marseille.