Manchester United generated the most revenue of any football club in the world last season, according to a report published by Deloitte, the BBC reports.
United dethrone Real Madrid – who held top spot for 11 years – after accumulating a record revenue of 689m euros (£515m) during the 2015-16 term.
The Premier League club saw commercial revenue grow by 100m euros (£71m).
Combined revenue for the top 20 clubs during the 2015-16 season grew 12% to 7.4bn euros (£6.41bn) – a new record.
It is the first time Manchester United have topped the annual Deloitte Football Money League since the 2003-04 season.
Real drop down to third, behind Spanish rivals Barcelona, who remain in second spot.
German giants Bayern Munich move up a position to fourth and Manchester City also climb a spot to fifth – having generated 524.9 euros (£392.6m) – up from 463.5 euros (£352.6m) during the previous season.
Deloitte Money League Table 2015-16 season – the top 10
1 Manchester United
2 Barcelona
3 Real Madrid
4 Bayern Munich
5 Manchester City
6 Paris St-Germain
7 Arsenal
8 Chelsea
9 Liverpool
10 Juventus
Disclaimer: This article was contributed and translated into English by Greg Madatian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2017/01/19/man-utd-dethrone-real-madrid-as-worlds-richest-club/