Top 20 Richest Football Clubs
March 2, 2010 
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The Deloitte Football Money League profiles the highest earning clubs in the world of football. Deloitte has used the figure for total revenue extracted from the annual financial statements of the company or group in respect of each club, or other direct sources, for the 2008/09 season.
1 Real Madrid, Spain – €401.4 m
2 Barcelona, Spain – €365.9 m
3 Manchester United, England – €327 m
4 Bayern Munich, Germany – €289.5 m
5 Arsenal, England – €263 m
6 Chelsea, England – €242.3 m
7 Liverpool, England – €217 m
8 Juventus, Italy – €203.2 m
9t Inter Milan, Italy – €196.5 m
9t AC Milan, Italy – €196.5 m
11 Hamburg, Germany – €146.7 m
12 AS Roma, Italy – €146.4 m
13 Lyon, France – €139.6 m
14 Marseille, France – €133.2 m
15 Tottenham, England – €132.7 m
16 Schalke, Germany – €124.5 m
17 Werder Bremen, Germany – €114.7 m
18 Borussia Dortmund, Germany – €103.5 m
19 Manchester City, England – €101.2 m
20 Newcastle, England – €101 m
English clubs continue to dominate although the Spanish giants now occupy the top 2 places, partly influenced by exchange rate fluctuations. It is an interesting snapshot of football finances although, being based on revenues, the overall position of each club is not revealed. For instance it is well known that Manchester United and Liverpool have huge loan liabilities while Arsenal have maintained their competitive position at the same time as they have been reducing their debts. It appears that much of the football world may be built on sand and it will be interesting to see what happens over the next few years, just look at Portsmouth, how many more may follow?
A special mention for the Toon! Despite everything that has happened at Newcastle United (and I am not going to get into the Mike Ashley debate!), they maintain their position in the top 20.  A remarkable testimony to the, some would say misguided, loyalty and support shown by the Toon Army.
