DHAKA: Real Madrid have topped the league table of the world's 20 richest football clubs for the 11th year in a row, according to Deloitte.

Its Football Money League, based on season 2014-15, also said the combined revenues of the 20 clubs had risen 8% to €6.6bn, a new record, reports the BBC.

Real’s arch-rivals Barcelona rose two places to second on the list, pushing Manchester United down to third.

Paris Saint-Germain and Bayern Munich completed the top five.

Manchester City, Arsenal, Chelsea and Liverpool occupied places six to nine, all of them notching up healthy increases in revenues.

Tottenham were in 12th spot, with Newcastle United and Everton at 17th and 18th.

Meanwhile, West Ham was a new entrant at number 20, making the top 20 for the first time since 2005-06.

The list only looks at revenues accrued and does not take into account club debts.

All the 20 clubs represented are from the ‘big five’ European leagues, with Italy contributing four clubs, Germany three, Spain three and France one.

Real Madrid saw revenues of €577m at average exchange rate for the year ending 30 June 2015.

The club saw revenue growth of €27.5m, including an increase of €22.7m in commercial revenues from the previous season.

BDST: 1238 HRS, JAN 21, 2016
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