Barcelona tops soccer's Money League

Spanish league champion FC Barcelona has topped the Deloitte Football Money League for the 2018-19 season, with total revenues of €840.8m (£741.1m/$935.9m), becoming the third team ever to top the rankings and the first to break the €800m mark.

Barcelona dethrones Real Madrid to take the lead, beating Madrid's revenue of $848 million as the revenue gap lessens between the two clubs after a long-fought battle for 23 years.

Juventus are the only Serie A side in the top ten, which is once again dominated by English clubs, with Premier League champions Manchester City, Liverpool, Tottenham Hotspur and Chelsea all featuring.

Tottenham, at the same time, are now the top-ranked London club in 8th - their highest possible ever before placement in the positions, with Chelsea and Arsenal in 9th and eleventh specifically.

"Manchester 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", Dan Jones of the Sports Business Group at Deloitte told Sky Sports.

"The club's commercial operation generated 383.5m euros (£326.6m) of revenue, which is more than the total revenue of the 12th-placed club in this year's Money League".

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"With the club expecting further growth of 30 million euros in commercial revenues and total revenue of nearly 880mn euros in 2019-20, we expect them to retain the top spot in next year's edition".

The €83.5 million (US$92.9 million) margin between Barca and Real is the widest gulf between first and second in the history of the Money League. The club generated €363.4m of commercial revenue, the second highest ever recorded, attributable to the signing of five new partners and the extension of contracts with six global brands.

United's closest domestic rivals, Manchester City and Liverpool, generated revenues of £538.2m (€610.6m) and £533m (€604.7m) respectively in 2018-19.

This could also put the club at risk of losing its position as the Premier League's highest revenue generating club for the first time.

Arsenal slipped from ninth to 11th overall, highlighting the financial consequences of the club's absence from the Champions League for the second consecutive season.

Deloitte says individual clubs have been able to increase revenues to at multiples of their respective countries GDP growth, by simply participating in their country's national league. In the last five years the collective broadcast revenue of the top 20 clubs has grown at a compound annual growth rate of 11%, the most of any of the revenue streams.

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