Deloitte have revealed that Real Madrid are the richest club in world football, with an income of over €500m.
It is the ninth year in a row that Los Blancos have topped the list, breaking the previous record set by Manchester United.
Barcelona meanwhile are in second place with a revenue of €482.6m with European champions Bayern Munich in third.
Manchester United and Paris Saint-Germain make up the top five, with three Premier League sides and two Serie A clubs completing the rest of the top 10.
1. Real Madrid: 518.9m euros
2. Barcelona: 482.6m euros
3. Bayern Munich: 431.2m euros
4. Man Utd: 423.8m euros
5. Paris Saint Germain; 398.8m euros
6. Manchester City: 316.2m euros
7. Chelsea: 303.4m euros
8. Arsenal: 284.3m euros
9. Juventus: 272.4m euros
10. AC Milan: 263.5m euros