Real Madrid top of Deloitte Football Money League. By Dawn Smith

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Total revenue of the world's Top 20 football clubs has broken through the 2 billion barrier for the first time, The Football Money League published by Deloitte shows.

Real Madrid ended Manchester United's eight year run at the top of the table with total revenue of 186 million, with Chelsea, Arsenal, AC Milan, Juventus and Barcelona jostling for position close behind

Dan Jones, partner with the sports business group at Deloitte, said: "Real Madrid's top spot in the Deloitte Football Money League represents a remarkable transformation in the club's revenue generating capacity. The club's annual revenue has doubled during the past five seasons, primarily driven by commercial revenue streams. Growth for most other clubs in the table has tended to come more from broadcasting and matchday income...

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