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IMAGE: Fans display banners outside the stadium before the La Liga match between FC Barcelona and Real Madrid at Camp Nou, Barcelona. Photograph: Sergio Perez/Reuters
Barcelona have overtaken Real Madrid to top the Deloitte Football Money League for the first time and become the first club to break the 800 million euros (686 million pounds) revenue barrier.
The 23rd edition of the table shows an 11 percent rise in combined revenues, excluding transfer fees, for the top 20 clubs who between them enjoyed turnovers of a record 9.3 billion euros for the 2018-19 season.
Real Madrid have dropped to second, generating income of 757.3 million euros, while Manchester United remain third.
Arsenal have slipped out of the top 10 or the first time.
Barcelona’s rise to the top with income of 840 million euros is a clear sign of ‘a club adapting to changing market conditions’ by bringing merchandising and licensing activities in-house,
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