Barcelona has overtaken Real Madrid to top the Deloitte Football Money League for the first time and become the first club to break the 800 million euros (686 million pounds) revenue barrier.
The 23rd edition of the table shows an 11% rise in combined revenues, excluding transfer fees, for the top 20 clubs who between them enjoyed turnovers of a record 9.3 billion euros for the 2018-19 season.
Real Madrid has dropped to second, generating income of 757.3 million euros, while Manchester United remains third.
Arsenal has slipped out of the top 10 or the first time.
Barcelona’s rise to the top with the income of 840 million euros is a clear sign of ‘a club adapting to changing market conditions’ by bringing merchandising and licensing activities in-house, according to Dan Jones, a partner in the Sports Business Group at Deloitte.
“Barca has reduced the reliance on broadcast revenue and focusing on growing revenues within its control,” he said.
“With the club expecting further growth of 30 million euros in commercial revenues and total revenue of almost 880 million in 2019-20 we expect them to retain the top spot next year.
“Barca are on course to achieve its stated ambition to be the first one billion Money League club in years to come.”
Bayern Munich remains in the fourth position with Paris St Germaine entering the top five ahead of Manchester City.
Champions League winners Liverpool are seventh, one place ahead of Tottenham Hotspur who they beat in the final.
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