Spanish soccer team Real Madrid has again topped the league table of the world's richest football clubs, according to a report from Deloitte.
The Football Money League survey is based on data for the 2008-2009 season, and shows that Real is the first global sports team to top revenues of 400 million euros, helped by sales of Christiano Ronaldo shirts.
Real's arch-rival Barcelona, has taken second spot in the list, ahead of Manchester United which drops to third. Arsenal, Chelsea and Liverpool are fifth, sixth and seventh respectively, the BBC reports.
Seperately, Manchester United has reduced its debt by about Stg 20 million.
Pre-tax profits for the quarter were Stg 6.9 million compared with a loss of Stg 2.7 million in the same period in 2008.
The news comes as a consortium of financiers, dubbed the Red Knights, are planning a possible bid for the club.