Real Madrid have broken the €1bn barrier in revenue for the past year.
Real Madrid lead the table in Deloitte's Money League study with revenue of €1.05bn from the 2023-24 season which saw them win the La Liga and the Champions League.
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As such, Real Madrid become the first football club to break the €1bn mark.
The top five also includes Manchester City (€837m), PSG (€806m), Manchester United (€771m) and Bayern Munich (€765m).
Nine Premier League clubs are in the top 20.