Manchester City are fast becoming one of the biggest clubs in the world. The Daily Mail says the reigning champions have surpassed the annual revenues of Tottenham and Liverpool by winning the title, and should move behind only neighbours United in the next two years if they maintain similar success.

City jump five places to seventh in Deloitte's latest Football Money League table, published today, which ranks the world's top 20 teams based on cash generated each year.

They made £231.1million in 2011-12, up a remarkable £77.9m (51 per cent) from the previous season to closely trail Arsenal's £234.9m and Chelsea's £261m - revenue bolstered by winning the Champions League.

There is welcome news too for Newcastle, who make the list for the first time in three years after finishing fifth in the League. An increase of £7.1m in broadcast revenue combined with average attendances of 50,280 saw them bring in £93.3m to dislodge La Liga's Valencia in 20th.

Deloitte's football money league:

1 Real Madrid - £414.7m (revenue 2011-12)

2 Barcelona - £390.8m

3 Manchester United - £320.3m

4 Bayern Munich - £298.1m

5 Chelsea - £261m

6 Arsenal - £234.9m

7 Manchester City - £231.1m

8 AC Milan - £207.9m

9 Liverpool - £188.7m

10 Juventus - £158.1m

11 Borussia Dortmund - £153m

12 Inter - £150.4m

13 Tottenham - £144.2m

14 Schalke - £141.2m

15 Napoli - £120.1m

16 Marseille - £109.8m

17 Lyon - £106.7m

18 Hamburg - £98m

19 Roma - £93.8m

20 Newcastle - £93.3m