Subscribe to the BlogReal Madrid have topped the league table of the world's richest football clubs for the fifth straight year, according to Deloitte's sport unit. They have proved once again that if the team has the guts and the ability, it can consistently top the riches.
Its Football Money League, based on data for season 2008/09, also says Real are the first global sports team to see annual revenues top 400m euros (£357m).
Real's arch-rivals Barcelona have taken second spot in the list, ahead of Manchester United who drop to third.
Arsenal, Chelsea and Liverpool are fifth, sixth and seventh respectively.
The authors said that United would have been top of the Money League if the pound was still at June 2007 levels.