Barca top the Money League with record breaking revenue

Molineux the home of Wolves

This is due to the fact that the English club's projected revenue for the 2019/20 season is set to drop to €660m partly as a effect of the Old Trafford side's failure to qualify for this season's UEFA Champions League tournament. "United have been the top English club since we started the Money League but that could come under a bit of pressure when we do it in 2021", Jones said.

Entering the top five - and pushing Manchester City out - was Paris St Germain, home to superstar Neymar - though once again the English Premier League's eye-watering television deals have put it in a dominant position - with eight clubs inside the top 20.

Tottenham's 521.1 million euros income pushes it ahead of Chelsea and Arsenal, making it London's highest revenue-generating club for the first time since the 1996-97 season.

"It is definitely a possibility that United will lose that place".

While Manchester United remain with the elite, the club are now forecasting revenues of £560-£580m in 2019/20 as a result of not qualifying for this season's Champions League.

"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". At that point United were nearly £100m ahead of Liverpool as well.

Tottenham have actually gone up from tenth to 8th in the positions with earnings of ₤4593 m, while their north London opponents Arsenal have actually dropped from 9th to 11 th after a 2nd successive period without Champions League football.

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Chelsea, that revealed an after-tax loss of ₤96 m for 2018-19 on New Year's Eve, have actually gone down one placement to 9th in the table, while the various other Premier League reps are West Ham and Everton in 18 th and 19 th specifically.

Spanish soccer champions Barcelona have overtaken La Liga rivals Real Madrid as the highest earning club in the world, according to the 23rd edition of the Deloitte Football Money League.

Dan Jones, partner in the Sports Business Group at Deloitte, said Barcelona leading the pack is down to bringing merchandising and licensing activities in-house.

The Deloitte Money League ranks clubs around the world based on their revenue generation.

"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".

Deloitte's annual report on football finances says traditional TV money is slowing down but the FAANGs waiting in the wings offer the chance that media revenues could be maintained.

"Barca are a clear example of a club adapting to changing market conditions, reducing the reliance on broadcast revenue and focusing on growing revenues within its control", he told the Press Association news agency.

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