Real Madrid have topped the league table of the world's 20 richest football clubs for the sixth straight year, according to Deloitte. Its Football Money League, based on season 2009-10, also said the combined revenues of the 20 clubs had passed 4bn euros (£3.8bn) for the first time.
Real's arch-rivals Barcelona retained second spot in the list, ahead of Manchester United who remain third.
Manchester City were the biggest climbers, up from 20th to 11th place.
Arsenal, Chelsea and Liverpool were fifth, sixth and eighth respectively.
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