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By ESPN Staff
Feb 13, 2008

Real Madrid remains richest club in the world

LONDON -- Three Premier League clubs appeared in the top five of the Deloitte Football Money League for the first time last year.

Real Madrid were the world's largest revenue-generating club for the third successive season but Manchester United climbed two places to second. Chelsea were up two to fourth and Arsenal, buoyed up by their new stadium, climbed four places to fifth.

Barcelona, in third, complete the top five based on financial information, not including transfer fees, for the 2006/07 season.

"This is the first time that any country has had three clubs in the top five of the Money League," said Dan Jones, partner in the Sports Business Group at Deloitte. "Arsenal's move to the Emirates Stadium has transformed their revenues whilst Chelsea's revenue increase sees them return to the top five."

Real Madrid and Manchester United became the first clubs to generate more than 300 million euros in a season. Real enjoyed a 20 percent increase to take their total revenue to 351 million euros, while United's revenue grew even more quickly to reach 315 million.

"With the new Premier League television deals now online for the 2007/08 season, Manchester United have the opportunity to significantly close the gap on Real and a successful Champions League run may even see them challenge again for the number one position," said Jones.

The top 20 clubs' collective revenues grew by 11 percent to 3.7 billion euros in 2006/07, the highest rate of growth since 2002/03.

They now generate more than three times the combined revenues of the clubs in the first Money League in 1996/97.

The global top 20 is populated entirely by European clubs. Six English clubs feature in this year's Money League, along with four clubs from Germany and Italy, three Spanish clubs, two French clubs and one from Scotland.

Money League (last year's position in brackets):

(pounds) (euros)

1 (1) Real Madrid 236.2 351.0

2 (4) Manchester United 212.1 315.2

3 (2) Barcelona 195.3 290.1

4 (6) Chelsea 190.5 283.0

5 (9) Arsenal 177.6 263.9

6 (5) AC Milan 153.0 227.2

7 (8) Bayern Munich 150.3 223.3

8 (10) Liverpool 133.9 198.9

9 (7) Inter Milan 131.3 195.0

10 (12) AS Roma 106.1 157.6

11 (15) Tottenham Hotspur 103.1 153.1

12 (3) Juventus 97.7 145.2

13 (11) Olympique Lyon 94.6 140.6

14 (13) Newcastle United 87.1 129.4

15 (16) Hamburg SV 81.0 120.4

16 (14) Schalke 04 76.9 114.3

17 (n/a) Celtic 75.2 111.8

18 (n/a) Valencia 72.4 107.6

19 (n/a) Olympique Marseille 66.6 99.0

20 (n/a) Werder Bremen 65.5 97.3

The four clubs that have dropped out of the top 20 are Manchester City, Rangers, West Ham United and Benfica.