Manchester United have topped the table of the world’s 20 richest football clubs for the second year in a row, and 10th time overall, says Deloitte.

Its Football Money League, based on season 2016-17, also shows the combined revenues of the 20 clubs has risen 6% to €7.9bn (£6.97bn), a new record.

Manchester United’s Ivorian defender Eric Bailly (R) celebrates with Manchester United’s Belgian striker Romelu Lukaku scoring the team’s first goal during the English Premier League football match between Swansea City and Manchester United at The Liberty Stadium in Swansea, south Wales on August 19, 2017. / AFP PHOTO / Geoff CADDICK / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or ‘live’ services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications. /

Real Madrid, which held top spot for 11 years, were second and Barcelona third.

There were a record 10 English Premier League clubs in the top 20. The number in the top 30 was up from 12 to 14.

The list only looks at revenues accrued and does not take into account club debts.

This year’s battle for first place was the closest yet, with just €1.7m separating Manchester United and Real Madrid.