Real Madrid remain world's richest football club

Real Madrid is now the richest team in the world for the ninth consecutive year, beating Manchester United's record in the first place between the 1996-1997 and 2003-2004 seasons.

updated: January 24, 2014 13:33 IST
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Madrid: Spain's Real Madrid remained the world's richest football team for the ninth consecutive year, followed by FC Barcelona, according to a study published by Deloitte.

The study, Football Money League, published Thursday analyzes the teams financial information of the 2012-2013 season, reported Xinhua.

According to the study, Real Madrid's turnover reached 518.9 million euros (USD 710.7 million) in the 2012-2013 season, which meant an 1.2 percent increase when compared with the 2011-2012 season.

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