Manchester United beat Real Madrid to top of world football’s cash league after generating more revenue than European rivals

MANCHESTER UNITED had more cause to celebrate last night after it emerged they were top of the money tree once again.

Despite a lack of Champions League football last season, the Red Devils managed to pip European champs Real Madrid to the top of the Deloitte Football Money League for last season.

After signing Alexis Sanchez in a stunning swap deal with Arsenal, the club have been generating more revenue than any of their major European rivals.

Most of the Premier League's big-hitters are part of the list, including Man City, Arsenal, Chelsea and Liverpool in the top 10.

Tottenham, Southampton, Everton and West Ham are all in the top 20 – which shows the power of the Prem's new TV rights deal, which kicked in last season.

Manchester City have also significantly grown their revenue over the last 12 months from £392.6million to £453.5m as they look set to rein in Europe's top four.

Paris Saint-Germain slipped to seventh as they were leapfrogged by Arsenal, despite a bank-busting year where they signed £195m Barcelona superstar Neymar.

However, the list does not include transfer fees, and if it did PSG and Barcelona would have taken the biggest hit.

Elsewhere Arsenal have continued a bump in earnings, while Liverpool have closed the gap on Chelsea after opening their new main stand at Anfield last term.

Tottenham have seen their income jump by an impressive £96m, while they continue to build a new ground in North London, the effects of which they may not see for at least a few years.

If the current trend continues, Real Madrid could leapfrog United next year, but that would depend on how well the two clubs do in this season's Champions League.

Zinedine Zidane's side are almost certainly not going to retain their La Liga title and face a make-or-break tie with Paris Saint-Germain Europe.

Southampton are perhaps the biggest surprise of the top 20, with the Saints having dropped into the Premier League's relegation zone over the weekend.

Deloitte's Dan Jones said: "United’s ability to retain first position is all the more impressive against the backdrop of the weakened Pound against the Euro, and with both Real Madrid and Barcelona forecasting further revenue growth in 2017/18, the battle at the top will likely come down to on-pitch performance again next year.

"With all three clubs through to the round of 16 of the Champions League, it may be as simple as the club that goes furthest in the competition will have the best chance of topping the Money League next year."” target=”_blank” title=”Click to share on Twitter

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