Real Madrid are now the biggest earning club in the world.

The newest report from Deloitte lays out the "Football Money League."

And it indicates the revenue of the top 20 financial powers in the game.

United have typically been at the top of this list, but they are now in third place behind Real and Barcelona.

United had €666 million in revenue, around 10 million less than last year.

Exchange rates had an impact on United's figures, given their revenue in pounds sterling was higher than last year.

And the underperformance of the team in major competitions is also a factor.