Barcelona topple Real Madrid to become richest football club in the world

FC Barcelona has topped the list of the richest football clubs in the world for the first time with a revenue of 840.8 million euros ($935.97 million) during the 2018-19 season, according to Deloitte's Football Money League.

Deloitte said a "primary factor" behind the Catalan club's earning power was their decision to bring merchandising and licensing activities in-house.

Barcelona dethrones Real Madrid to take the lead, beating Madrid's revenue of $848 million as the revenue gap lessens between the two clubs after a long-fought battle for 23 years.

"With the club expecting further growth of 30m euros (£25.5m) in commercial revenues and total revenue of nearly 880m euros (£749.5m) in 2019-20, we expect them to retain the top spot in next year's edition".

In fourth were perennial German champions Bayern Munich, who banked €660.1m while French powerhouse Paris Saint-Germain placed fifth with €635.9m.

United's closest domestic rivals, Manchester City and Liverpool, generated revenues of £538.2m (€610.6m) and £533m (€604.7m) respectively in 2018-19.

"What is notable in this edition of the Money League is the apparent continuing emergence of mini-leagues within the Money League, as the largest revenue-generating clubs continue to pull away from the rest".

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An indication of how much ground Abu Dhabi-backed City have made up is that they were €200 million adrift of United 10 years ago.

"That will cover this season when Liverpool are having a tremendous season on the pitch, so we think there's a possibility of United losing that number one position".

Manchester United have been the highest-ranked English club since Deloitte first compiled the Money League survey based on the 1996-97 financial results.

Sam Boor, senior manager in the Sports Business Group at Deloitte, added: "The impact of participation and performance in UEFA club competitions on revenue is evident in London and the North West, with the rise of Liverpool, Manchester City and Spurs driven by reaching the Champions League knockout stages".

In all, there are 8 Premier League clubs in the Money League top 20, greater than any type of various other nation, and all the clubs come from Europe's huge 5 organizations of England, France, Germany, Italy and Spain.

Tottenham, at the same time, are now the top-ranked London club in 8th - their highest possible ever before placement in the positions, with Chelsea and Arsenal in 9th and eleventh specifically.

"If you consider where we were 10 years back, the concept that City would certainly upgrade United in monetary terms would certainly have appeared improbable".

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