Real Madrid have claimed themselves as the richest club in world sport.

Real, currently to of the table, said sales shot up 8.6 percent to €480.2 million in the year to June 30.

"It is the biggest sum of any sporting institution in the world," the club run by president Florentino Perez said in a statement.

Net profit surged 31.7 percent to €31.6 million.

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