Turkish club to feature in the list , while German champions Bayern Munich climbed three places to fourth , reaching the top five for the first time in five years . Scottish champions Celtic , Spanish side Valencia and German club Werder Bremen all dropped out of the list which is comprised solely of clubs from Europe . World 's wealthiest football clubs by revenue : 1 . Real Madrid -LRB- Spain -RRB- 365.8 m euros 2 . Manchester United -LRB- England -RRB- 324.8 m 3 . Barcelona -LRB- Spain -RRB- 308.8 m 4 . Bayern Munich -LRB- Germany -RRB- 295.3 m 5 . Chelsea -LRB- England -RRB- 268.9 m 6 . Arsenal -LRB- England -RRB- 264.4 m 7 . Liverpool -LRB- England -RRB- 210.9 m 8 . AC Milan -LRB- Italy -RRB- 209.5 m 9 . Roma -LRB- Italy -RRB- 175.4 m 10 . Inter Milan -LRB- Italy -RRB- 172.9 m 11 . Juventus -LRB- Italy -RRB- 167.5 m 12 . Lyon -LRB- France -RRB- 155.7 m 13 . Schalke -LRB- Germany -RRB- 148.4 m 14 . Tottenham -LRB- England -RRB- 145m 15 . Hamburg -LRB- Germany -RRB- 127.9 m 16 . Marseille -LRB- France -RRB- 126.8 m 17
-LRB- CNN -RRB- -- Spanish giants Real Madrid have retained their position as the richest football club in the world -- according to an annual survey issued by accountancy firm Deloitte . Spanish champions Real Madrid remain the richest football club in the world . English and European champions Manchester United and Spanish league leaders Barcelona remain in second and third places respectively in the latest `` Football Money League '' report on the world 's 20 biggest clubs ranked by revenue . Despite their lofty position in the list , United , along with the rest of the English Premier League clubs have been affected by sterling 's recent fall in the money markets . `` If the exchange rate value of the pound had not depreciated , there would have been nine , rather than seven English clubs in the top 20 and Manchester United would have topped the Money League ahead of Real Madrid , '' Dan Jones , partner in the Sports business group at Deloitte , told Reuters.com . The impact of the current economic downturn on club revenues was not measured in the report from the 2007-2008 football season . Fenerbahce became the first