Deloitte recently released the 19th edition of its famous Football Money League, which ranks and analyzes the highest-earning clubs in the world. Real Madrid topped the table last year but has Barcelona's treble win seen them take the No.1 spot this time around? Or have Manchester United returned to the summit? Here is the top 20 in full. -- Source: Goal.com and Deloitte.
20. West Ham United (Premier League) -- $175 million
West Ham make their first appearance in the Money League since the 2005-06 season. They may have only finished 12th in the Premier League but their overall revenue rose by 5% to $173 million. A sponsorship deal with Betway boosted their commercial revenue by 9% but the main reason for their return to the top 20 was the money accrued from the English top flight's centralised broadcasting deal, which accounts for 65% of West Ham's income. They will reap further dividends when an astronomical new television agreement kicks in next season so the Hammers are set for further financial growth -- particularly as they are set to move into the Olympic Stadium in 2016-17.
Getty ImagesSam Bagnall - AMA
19. Internazionale (Serie A) -- $179.3 million
Inter may have maintained their proud membership of an exclusive club of 10 teams to have made every edition of the Money League but they have now fallen to their lowest ever position, 19th. A run in the Europa League helped boost revenue from matchday and broadcast streams but a 16% decrease in commercial income will set alarm bells ringing at San Siro. However, their proposed new stadium and the likely return of UEFA Champions League football next season would represent a significant boost to Inter's ailing fortunes.
Getty ImagesClaudio Villa - Inter
18. Everton (Premier League) -- $179.7 million
For the first time, Everton appear in consecutive editions of the Money League. The Toffees have risen two places thanks to their progression to the last 16 of the UEFA Europa League. Their domestic form during the 2014-15 campaign may have been middling at best and their commercial income is the lowest in the Money League but Everton, like every side in the English top flight, benefit enormously from TV money, earning $123 million from broadcast revenue -- more than both Bayern Munich and Paris Saint-Germain.
Getty ImagesGareth Copley
17. Newcastle United (Premier League) -- $184.2 million
It says much about the financial might of the Premier League that struggling Newcastle actually managed to rise two places in the Money League despite very nearly being relegated. Indeed, over 60% of the Toon's revenue is derived from the centralised broadcast deals. However, there is another key factor here: Newcastle's fantastic support. The Magpies have the third-highest average attendance in the English top flight (50,500) and they earned $38 million from matchday revenue.
Getty ImagesDean Mouhtaropoulos
16. Roma (Serie A) -- $196.3 million
The second new entry on the list, Roma climbed eight places thanks to a $57 million (42%) increase in overall revenue driven by their UEFA Champions League return. Despite going out at the group stage, they pocketed $51 million from UEFA thanks to the presence of only one other Italian side (Juventus) in the competition proper. Matchday revenue was also boosted by Champions League participation and papered over the fact that Roma's commercial income actually fell by $1.6 million (4%). Reaching the last 16 of Europe's top competition this season could now see the Giallorossi overtake AC Milan for the first time.
Getty ImagesGiuseppe Bellini
15. Atletico Madrid (La Liga) -- $203.6 million
Failing to replicate their remarkable run to the final of the 2013-14 Champions League was always going to affect Atletico Madrid's broadcasting revenue and gate receipts. However, a rise in attendances for league fixtures resulted in a $5.1 million increase (14%) in matchday revenue, while an impressive 55% rise in commercial revenue, to $68 million, enabled the Rojiblancos to retain 15th place in the Money League table. Plans for a new stadium should only strengthen their financial standing given they are now consistently qualifying for the Champions League -- but holding on to inspirational coach Diego Simeone could be key to their continued growth.
Getty ImagesPablo Blazquez Dominguez
14. AC Milan (Serie A) -- $216.7 million
AC Milan's sad decline into Serie A mediocrity is mirrored in the Money League. They dropped out of the top 10 for the first time last year. Now, they've fallen further, from 12th to 14th. The lack of European football has hit them hard from a broadcast revenue perspective but it is significant that no other club in the Money League earns less from matchday revenue. Although they renewed a shirt sponsorship deal with the airline Emirates, their commercial revenue is also down 5% to $105.1 million. On the whole, only a dramatic upturn in Milan's fortunes and a return to the UEFA Champions League will see them arrest their slide down the Money League standings.
Getty ImagesMarco Luzzani
13. Schalke (Bundesliga) -- $239 million
A 13th consecutive season in the top 20 for Schalke, who can also take pride in a one-place jump in the Money League standings. UEFA Champions League qualification has long been key to the Bundesliga side's prosperity and a run to the last 16 helped earn them an additional $4.3 million in broadcast money last season. Commercial revenue also increased, by $3.9 million, and even the slight drop in matchday income is of little concern, given Schalke continue to draw an average of 61,500 people to every game at the Veltins-Arena.
Bongarts/Getty ImagesDennis Grombkowski
12. Tottenham Hotspur (Premier League) -- $280.2 million
The future is bright for Tottenham, both from a footballing and financial perspective. Although broadcast and matchday revenue barely changed, Spurs benefited from a huge 38% increase in commercial money thanks to a new sponsorship deal with AIA. Their new stadium, set to open in 2018-19, will significantly boost Spurs' bank balance, as will next season's new Premier League TV rights agreement, but regular UEFA Champions League football is imperative if the north Londoners are to break back into the top 10.
Getty ImagesClive Rose
11. Borussia Dortmund (Premier League) -- $305.3 million
Despite a disappointing season, Borussia Dortmund earned a club-record $305 million in overall revenue, which constituted a 7% increase on their previous campaign. An early UEFA Champions League exit resulted in a fall in matchday revenue but BVB remain the best-supported side in the world based on their average home attendance of over 80,000 fans per game. Their commercial department also continues to grow, with income rising 16% to $156 million. A lack of Champions League football will hit them hard this term but their probable return for 2016-17 should ensure that Dortmund remain among Europe's elite.
Bongarts/Getty ImagesDennis Grombkowski
10. Juventus (Serie A) -- $352.4 million
On-field results are arguably of greater importance to Juventus than any other club in the top 10. Their 16% increase in overall revenue, which saw them take more than $326 million for the first time, was largely founded on their surprise run to the UEFA Champions League final. Thanks to the weakness of their fellow Italian participants and the vagaries of market pool distribution, Juventus made a record sum $96 million from Champions League broadcast rights. Matchday revenue also increased as Juve won a fourth successive Scudetto, but their commercial shortcomings were underlined by the fact that not only did their revenue fall €9.4m, they made less than struggling AC Milan ($79.9 million to $105 million).
Getty ImagesValerio Pennicino
9. Liverpool (Premier League) -- $426.3 million
Despite a desperately underwhelming 2014-15 campaign at Anfield, Liverpool have managed to retain ninth spot in the Money League. UEFA Champions League football proved decisive in this regard. The Reds may have been humiliated in the group stage but their mere participation significantly boosted both their profits from matchday (26% increase) and broadcast streams (21%). The Reds remain on a solid footing commercially, with growth of 8%, but will need more regular Champions League football if they are to have any hope of climbing the Money League table.
Getty ImagesScott Heavey
8. Chelsea (Premier League) -- $457 million
Chelsea may have won the Premier League title last season but they have fallen one place to eighth in the latest Money League. The 2% decrease in overall revenue can be attributed to their loss in the last 16 of the UEFA Champions League, coming as it did a year after a lucrative run to the semifinals. There are no grounds for panic, though, because while Stamford Bridge's small capacity remains an issue, their commercial coffers are set for a huge boost this season courtesy of a reported $284 millioin, five-year kit deal with Yokohama Rubber.
Getty ImagesClive Mason
7. Arsenal (Premier League) -- $473.9 million
Arsenal move one place above Chelsea and into seventh in the standings after another year of impressive financial growth. Thanks in no small part to a new kit deal with Puma, the Gunners' commercial income has surpassed $142 million for the first time. They also enjoyed a 4% rise in broadcast revenue but of greater significance was the fact that they made $142 million from matchdays -- no other Money League club made more during the 2014-15 season. Having increased their commercial revenue by a whopping 66% over the past two seasons, Arsenal could well break into the top five in the coming years.
Getty ImagesIan Walton
6. Manchester City (Premier League) -- $504.5 million
Manchester City disappointed both domestically and in Europe last season but enjoyed a record-breaking year in terms of their overall revenue, which rose to $500 million. Matchday revenue fell, by 9%, but that was only due to temporary seating changes at the Etihad Stadium. Increases in broadcast (2%) and commercial (4%) revenue streams helped the Premier League side retain sixth spot in the Money League. With City's brand awareness developing all the time, they could crack the top five next year with the benefit of an extended run in this season’s UEFA Champions League.
Getty ImagesAlex Livesey
5. Bayern Munich (Bundesliga) -- $515.9 million
One of only three ever-presents in the Money League Top 10 -- yet Bayern have fallen down the table for the first time since 2003-04 to their lowest ranking since 2007. Matchday revenue actually rose ($1.9 million to $97.6 million and there was only a minor fall in broadcast revenue ($1.7 million to $115 million). In addition, while Bayern experienced a 5% drop in commercial revenue, they still only trail PSG in this regard. Crucially, though, while their German rivals are trailing in their wake on the field, they are catching up off it, meaning Bayern no longer dominate the domestic commercial market as they once did. The Bavarians look likely to slip further down the Money League in the coming years as a number of English clubs chase them.
AFP/Getty ImagesJOHN MACDOUGALL
4. Paris Saint-Germain (Ligue 1) -- $523.3 million
$10.3 million increase in overall revenue may be a pittance for PSG's Qatari owners but it is a significant rise nonetheless, as it sees the French side climb to fourth -- the highest ever Money League position for a Ligue 1 club. Their lofty standing is based upon their colossal commercial intake of $323 million -- the highest in the Money League. Their matchday revenue also increased (by 22%, to $84.8 million), as did their income from broadcast rights (by 27%). However, when it comes to broadcast revenue (€115 million), they are still lagging behind Europe's elite, ranking only 13th of the top 20 clubs.
AFP/Getty ImagesFRANCK FIFE
3. Manchester United (Premier League) -- $565.5 million
Manchester United may have slipped from second to third this year but they are likely to go top for the first time next year, as they remain the masters of securing sponsorship deals. Indeed, despite having no UEFA Champions League football last season (the only club in the top 10 not to feature), which resulted in significant drops in broadcasting and matchday revenue, their commercial revenue grew by 4% to reach $282 million over half of their overall income. Thanks to a record-breaking 10-year deal with adidas to come, this season is going to be even more lucrative.
Getty ImagesAlex Livesey
2. Barcelona (La Liga) -- $610.4 million
Unsurprisingly, success on the field has reaped enormous dividends off it, with Barca climbing into second spot after a season in which they claimed a historic treble that facilitated the Catalan club's largest ever year-on-year revenue increase. Matchday income rose $9.4 million to $127 million but the key figures were the massive increases in broadcast (up 10% to $217 million, the second highest in the Money League) and commercial revenue (up 26% to $265 million). Crucially, the expiration of the Qatar Airways shirt sponsorship deal this summer offers further room for commercial growth.
Getty ImagesDavid Ramos
1. Real Madrid (La Liga) -- $627.9 million
Real Madrid top the Football Money League for the 11th year in a row. Their income from broadcast rights may have fallen by $4.6 million but they saw an increase of $9.9 million in matchday revenue thanks to rising attendances for league matches and, even more impressively, generated an additional $24.7 million from commercial business. However, they are set to come under increasing pressure from a dominant Barcelona side and money-making kings Manchester United. The planned redevelopment of the Santiago Bernabeu could thus be key to their future hopes of retaining top spot.