Manchester United have beaten Spanish giants Barcelona and Real Madrid to move back to the top of the Deloitte Football Money League.
A record annual revenue of £515.3million from the 2015-16 season saw United claim top spot for the first time in 11 years after finishing well ahead of Barcelona and Real, who both banked £463.8m.
The league table is based on the earnings of clubs from matchday revenue, broadcast rights and commercial sources, but does not include income from transfer fees.
NEW: Manchester United are football's top moneymakers again after 11years with revenue of £515.3m/€689m.
Complete Deloitte rankings (Euros) pic.twitter.com/tywnm7ABj4
— Rob Harris (@RobHarris) January 19, 2017
"Manchester United have had to wait 11 years to regain their position as the world's leading revenue-generating club and it has taken phenomenal commercial revenue growth to help them achieve this,” said Deloitte’s Dan Jones.
"In recent years, their ability to secure commercial partnerships with value in excess of that achievable by their peers has been the crucial factor in enabling the club to regain their place at the top of the Money League.”
United are one of eight Premier League teams in the top 20 – including champions Leicester City – with neighbours Manchester City the next highest English team after banking £392.6m in revenue.
Manchester City have climbed above PSG into fifth on the Deloitte Football Money League (2015/16 revenue), their highest ever position. pic.twitter.com/eymBUwnGdM
— City Watch (@City_Watch) January 19, 2017
"The Money League continues to demonstrate the Premier League's financial strength in depth,” said Deloitte senior manager Tim Bridge.
“The appearance of Leicester City shows that on-pitch success gives any Premier League team a chance of a position in the top 20.”