Arsenal have overtaken Chelsea in the 'rich list' of European clubs, while Manchester United are down to third behind Real Madrid and Barcelona.
The latest Deloitte Football Money League sees the Gunners recording a seven per cent rise in revenue to 224-million-pounds to stand at fifth in the ranking of Europe’s top 20 football club rich list.
Rivals Chelsea is at sixth position in the list, having earned a revenue of £206 million, a 3% fall, reports The Sun.
Real have topped the 'rich list' for five years but, Barca overtook United despite a 9% rise in income at Old Trafford.
Liverpool are up to seventh, Spurs are 15th, Manchester City 19th and Newcastle 20th.
The full top 20 are as follows:
1 Real Madrid £341.9 million
2 Barcelona £311.7 million
3 Manchester United £278.5 million
4 Bayern Munich £246.6 million
5 Arsenal £224 million
6 Chelsea £206.4 million
7 Liverpool £184.8 million
8 Juventus £173.1 million
9 Inter Milan £167.4 million
10 AC Milan £167.4 million
11 Hamburg £124.9 million
12 Roma £124.7 million
13 Lyon £118.9 million
14 Marseille £113.5 million
15 Tottenham £113 million
16 Schalke £106 million
17 Werder Bremen £97.7 million
18 B Dortmund £88.1 million
19 Man City £87 million
20 Newcastle £86 million
