The top five in the Money League also includes Paris Saint-Germain, Manchester United, and Bayern Munich, while Barcelona ranks lower due to a temporary relocation during the redevelopment of their home, Camp Nou.

“Clubs in the Money League continue to set new records with sustained growth in commercial and matchday revenues,” stated Tim Bridge, lead partner at Deloitte Sports Business Group.

“While success on the pitch is crucial for teams to ascend the rankings, high-performing clubs also excel in diversifying their revenue streams through innovative partnerships and effectively utilizing their land and stadium assets.”

Real Madrid have cemented their status as the richest club in world football after becoming the first to achieve more than €1bn of revenue in a single year, says Deloitte’s Football Money League