Real break 1bn euro barrier to top money league
Yet again, another history has been broken by Real Madrid, who have become the first football club to generate more than 1bn euros in annual revenue, according to analysis by Deloitte.
The Spanish club retain top spot in Deloitte's Money League study with revenue of 1.05bn euros (£883m) from a 2023-24 season in which they won La Liga and the Champions League.
Manchester City are again second with revenue of £708m.
They won an unprecedented fourth consecutive Premier League title and the Club World Cup and European Super Cup last season.
Paris St-Germain (£681m), Manchester United (£651m) and Bayern Munich (£646m) complete the top five.
Aston Villa enter the top 20 after competing in Europe last season for the first time since 2011.
Nine Premier League clubs are in the top 20, with Arsenal, Liverpool, Tottenham, Chelsea, Newcastle and West Ham retaining their places.