Real Madrid have made the most money out of Europe's top clubs, according to Deloitte's latest Football Money League table.
The Spanish giants, who were crowned La Liga champions last season, have stormed to the top of the list after making a revenue of £414.7m during the 2011-12 campaign.
Manchester City have moved up to seventh spot, behind Manchester United, Chelsea and Arsenal due to their revenue of £231.1m in the same year.
The North-West side have leapfrogged Tottenham Hotspur and Liverpool following their title success in the Premier League.
Deloitte's football money league
1 Real Madrid - £414.7m
2 Barcelona - £390.8m
3 Manchester United - £320.3m
4 Bayern Munich - £298.1m
5 Chelsea - £261m
6 Arsenal - £234.9m
7 Manchester City - £231.1m
8 AC Milan - £207.9m
9 Liverpool - £188.7m
10 Juventus - £158.1m
11 Borussia Dortmund - £153m
12 Inter - £150.4m
13 Tottenham - £144.2m
14 Schalke - £141.2m
15 Napoli - £120.1m
16 Marseille - £109.8m
17 Lyon - £106.7m
18 Hamburg - £98m
19 Roma - £93.8m
20 Newcastle - £93.3m
