Manchester United and Liverpool FALL in Deloitte’s latest Football Money League… and there’s a new world No 1 as Treble winners Man City slip to second (despite record £718.2m revenue!)

Liverpool, Manchester United and Manchester City all fell in the rankings in the latest Deloitte Football Money League, while clubs from continental Europe gained ground.

Liverpool have suffered the biggest drop of any club in the top 20, from third to seventh, after Deloitte found their turnover fell slightly from £594.3 million to £593.8 million.

Deloitte attributed that fall to the Reds’ on-pitch performance, which saw the club finish fifth in the Premier League last season and bow out in the round of 16 of the Champions League.

Manchester United dropped one place to fifth despite a healthier turnover figure than the season before, while three-time winners City were leapfrogged by Real Madrid and now sit in second place despite posting record turnover in their most recent accounts have been booked out of the Premier League.

The Money League looks at the turnover figures from the clubs’ annual accounts for the 2022-2023 season and does not look at operating costs.

Tottenham and Chelsea swapped places compared to last year, with Spurs moving up one place to eighth, while Arsenal held on to tenth.

Real led the way with a turnover of £723 million in 2022-23, showing that the club is doing well within the current ecosystem of European football, despite their president Florentino Perez being perhaps the most fervent advocate for a Super League.

Paris Saint-Germain enters the top three for the first time, while Barcelona rises three places to fourth with a turnover of £696 million.

Tim Bridge, principal partner of Deloitte’s Sports Business Group, said: ‘There is a point in time, a moment here, when Real Madrid and Barcelona are redeveloping their stadiums, they have taken steps to control much more of their activities. , specifically merchandising and licensing, so these revenue numbers are the result of direct changes they made to their business model.

Chelsea have dropped to ninth place, surpassed by their bitter London rivals, Tottenham Hotspur

Barcelona Femeni was the highest-earning women’s club in the world, with a 74% increase in turnover

‘Looking at the Premier League holistically, we are not 100 per cent certain that the days of significant domestic growth in media rights are over, but what we can say is that, absent significant competition in that market, there will be there will be single digit percentage growth. is the likely outcome in that domestic market.

‘The focus is therefore on what is possible on the international market.

‘What has always been behind the fact that there have been ten or eleven Premier League clubs in the Money League is that the growth of media rights has given them significant dividends. Other leagues have caught up and there has been a slight leveling off of Premier League rights.”

Deloitte said the top 20 clubs had collectively earned 10.5 billion euros (£9 billion), an increase of 14 percent on the previous season.

Barcelona Femeni was the highest-earning women’s club in the world, with turnover increasing 74 percent to £11.6 million.