The premier league side, Manchester City has been ranked the top highest-earning football club in the world by the latest Deloitte Football Money League.
Man City raked in €644.9 million (US$711.3 million), which saw them rise five places from last year’s list, to top the standings.
The city is only the fourth different club to top the Money League and it is the first time they have finished ahead of rivals Man United.
Spanish’s La Liga side, Real Madrid were second with €640.7 million (US$706.7 million) in revenue, followed by Germany’s Bundesliga Bayern Munich with €611.4 million (US$674.4 million). Barcelona, who topped the previous edition of the Money League, slipped to fourth with €582.1 million (US$642.1 million). Manchester United completed the top five with revenue of €558 million (US$615.5 million).
According to the latest report, the annual study found that the 20 top-earning clubs generated €8.2 billion (US$9 billion) of combined revenue for the 2020/21 season, soccer’s first full campaign since the arrival of Covid-19.
Total revenue was up one per cent on 2019/20 but well short of the record €9.3 billion (US$10.3 billion) for 2018/19, noted the report.
The Deloitte reports noted, clubs have missed out on more than €2 billion (US$2.2 billion) of revenue over the 2019/20 and 2020/21 seasons due to the pandemic.