Though Los Merengues may have not won a trophy in the past three seasons, they remain the highest money earners after an income of €292.2million (£192.7million) for the 2005/06 season - an increase of six per cent.

Real's arch-rivals Barcelona were second in the list with an income of €259.1million (£171million), though the Spanish and European champions' growth was an impressive 25 per cent last season.

The findings come from the latest edition of the Football Money League report that was published by consultants Deloitte.

In all, the top 20 clubs reached earnings of £2.31billion, with revenue from television and sponsorship deals being a major factor.

Eight of the clubs in the top-20 list come from the Premiership, with Manchester United listed as the fourth-richest club at €242.6million (£160million).

Rangers may be well behind Old Firm rivals Celtic in the Scottish Premier League table, but they are the only Scottish club to crack the 20 - sitting 18th after earnings of €88.5million (£58.4million).

Deloitte also stated the new television deals that are set to begin in Europe next season will increase clubs' revenues, with the Premiership likely to contribute half of the top 20 clubs under its new TV deal come next season.

List of World's richest clubs
1 Real Madrid - £192.7million
2 Barcelona - £171million
3 Juventus - £165.8million
4 Manchester United - £160million
5 Milan - £157.5million
6 Chelsea - £145.8million
7 Internazionale - £136.3million
8 Bayern Munich - £135million
9 Arsenal - £126.9million
10 Liverpool - £116.1million
11 Lyon - £84.2million
12 Roma - £83.8million
13 Newcastle United - £82million
14 Schalke - £81.1million
15 Tottenham Hotspur - £70.7million
16 Hamburg - £67.1million
17 Manchester City - £59million
18 Rangers - £58.4million
19 West Ham United - £57.3million
20 Benfica - £56.1million


Courtsey:http://home.skysports.com/list.aspx?...list&channel=&

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..To the one who spoke and the galaxies leapt into existence....who can't be explained on a chalkboard but can be accessed through faith in the finished work of Jesus Christ.....whose word never returns to him void but accomplishes the purpose for which it is sent.....the one in whom I am complete.....the great I am...who was,who is and who is to come....
www.ifreke.blogspot.com

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..To the one who spoke and the galaxies leapt into existence....who can't be explained on a chalkboard but can be accessed through faith in the finished work of Jesus Christ.....whose word never returns to him void but accomplishes the purpose for which it is sent.....the one in whom I am complete.....the great I am...who was,who is and who is to come....
www.ifreke.blogspot.com

Exactly, Ifreke. Money can't buy class and finesse. Arsenal have these in abundance. Chelsea, take note!

Not only class and finesse but quality and technique...Tiron,how far now?I no get ur number o...

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..To the one who spoke and the galaxies leapt into existence....who can't be explained on a chalkboard but can be accessed through faith in the finished work of Jesus Christ.....whose word never returns to him void but accomplishes the purpose for which it is sent.....the one in whom I am complete.....the great I am...who was,who is and who is to come....
www.ifreke.blogspot.com

I guess Manutd is richer than arsenal!!

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30 DAYS THE MOVIE
Simply Rita
NMO PRODUCTIONZ

But we play better exciting football. Man U, with all their money can't buy that! Money aint everything.

I dey fine oo.. How u dey? How school?

or you mean Thierry Henry plays you guys dont have team spirit.....and besides wheres your youth team manutd actually give back to the community by sponsoring youth programmes what do you guys do? u just built your stadium with all the money they had and old trafford is still bigger!!

wow....please Lord do something good for arsenal so at least they finish 3rd

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30 DAYS THE MOVIE
Simply Rita
NMO PRODUCTIONZ

Only Thierry? The team as a whole play exciting football. You obviously haven't been watching us. FABregas, Rosicky, Theo, Van Persie, I could go on..

We have team spirit aplenty and do a lot for the community and youth programmes. I used to live and work near Highbury. I know from experience the kind of support Islington gets from Arsenal FC. I would give you a long list, but maybe another time.

And we WILL finish higher that expected. Mark my words.

Absolutely. We make much more profit than Arsenal. We also spend more and have more fans world wide than Arsenal. Don't forget that our stadium can take up to 76,000 fans compared to their 60,000 seater stadium.

We used to be the richest club in the world for eight years running, but I guess the take over of Malcom Glazier is taking its toll.

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"The absence of evidence is not the evidence of absence."

So how come we've scored more goals, conceded less and won more games than any other team in England this season?

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"The absence of evidence is not the evidence of absence."

@highlighted. You'd better not allow the Liverpool fans to hear you cos they're gonna finish 3rd. Arsenal will finish out of the top 3 for the second consecutive season.

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"The absence of evidence is not the evidence of absence."

How high?

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"The absence of evidence is not the evidence of absence."

Amen!!!

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30 DAYS THE MOVIE
Simply Rita
NMO PRODUCTIONZ

Abeg,Meedeen and ddizzle,make una go open anoda thread for the final premiership standings okay?this thread is for the top 20 richest clubs in the world......U guys shud beta wait till the end of d season b4 u pop ur champagne....Remember u guys were champions at the Emirates until the final 7mins!

__________________
..To the one who spoke and the galaxies leapt into existence....who can't be explained on a chalkboard but can be accessed through faith in the finished work of Jesus Christ.....whose word never returns to him void but accomplishes the purpose for which it is sent.....the one in whom I am complete.....the great I am...who was,who is and who is to come....
www.ifreke.blogspot.com