For the first time since 2005, Manchester United are back on top of the annual Football Money League with a record revenue of £515.3m, breaking the 11-year hold that Real Madrid had on the top spot.
Manchester United also became the first football team to earn more than £500m in a season.
According to a spokesperson for the report, the club’s “ability to secure commercial partnerships has been the crucial factor.”
Arsenal remains London’s highest earner at £350.4 million, followed by Chelsea (£334.6), Liverpool (£302) and Tottenham (£209.2).
Looking ahead, the post-Referendum fall in Sterling against the Euro may make it difficult for Manchester United to retain their position against Barcelona (£463.8m) and Real Madrid (£463.8m) in 2018.
The annual report, which is in its 20th year of profiling the highest revenue generating clubs in world football, measures a club's earnings from matchday revenue, broadcast rights and commercial sources, but excludes transfer fees.
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