• Spanish giants return to summit with £723m revenue
  • Liverpool drop from third to seventh, the biggest fall in top 20

Manchester City have been knocked off their financial perch by Real Madrid in the annual Deloitte Football Money League, despite winning the treble last season.

There was another surprise in the report, which found that the revenue of the top 20 richest men’s clubs rose by 14% to £9bn last season, as Tottenham overtook Chelsea to become the richest club in London.

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