After a two-year absence, Real Madrid reclaimed top spot of the Deloitte Money League having surpassed the €700m revenue barrier (€750.9m). La Liga rivals, Barcelona are up into second (€690.4m) whilst Manchester United slip from number one, down to third (€666m).

Los Blancos top the table for a record 12th time, following a growth of more than €75m – largely thanks to the club’s third successive Champions League title. A €54.8m increase in commercial revenue was the driving factor behind Madrid’s growth – a key revenue source that could be damaged this season having lost poster boy Cristiano Ronaldo.

Arsenal drop to 9th in the table, the Gunners lowest position since 2004/05, proving how valuable Champions League qualification is for a club’s revenue. Even though Arsenal did reach the Europa League Semi-Final, reduced UEFA distribution due to an absence of Champions League football saw an €18.4m decline in broadcast revenue.

Nine Premier League teams feature in the top 20, including Newcastle who return to the Money League for the first time since 2014/15 – largely thanks to a 167% (€79m) increase in broadcast revenue having avoided relegation.

Read the full Money League here.

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