The Spanish giant, FC Barcelona has generated a net revenue of $959.3 million dollars between the working years of 2018 and 2019, which makes it the biggest cash grabbing sports club in the world of football.
Barcelona have been named by Deloitte as the world's most wealthy football club for the first time after the accounting organisation unveiled their annual league table, which also highlighted a big shift in financial standings from the London-based clubs and the North West's powerhouse sides.
"Manchester United have been the top English club since we started the Money League but that could come under a bit of pressure when we do it in 2021", he stated.
It was the first time Wolves have been included in the list, following their promotion to the Premier League, with revenue reported to be £195.5million.More news: Orange County's first flu death of season reported
Combined earnings amongst the top 20 have actually expanded by 11 percent contrasted to in 2014 to a document of 9.3 billion euros (simply under ₤ 7.9 billion).
Jones added: "Barca are a clear example of a club adapting to changing market conditions, reducing the reliance on broadcast revenue and focusing on growing revenues within its control". TV deals and competition money increase sales while Celtic depends on the Champions League qualification or the sale of their greatest assets.
"With the club expecting further growth of 30m euros (£25.5m) in commercial revenues and total revenue of nearly 880m euros (£749.5m) in 2019-20, we expect them to retain the top spot in next year's edition". The club generated €363.4m of commercial revenue, the second highest ever recorded, attributable to the signing of five new partners and the extension of contracts with six global brands.More news: Democrats release new documents on eve of impeachment trial
This could also put the club at risk of losing its position as the Premier League's highest revenue generating club for the first time.
This is due to the fact that the English club's projected revenue for the 2019/20 season is set to drop to €660m partly as a outcome of the Old Trafford side's failure to qualify for this season's UEFA Champions League tournament.
A new report into the financing of football says it remains debatable whether broadcast revenues are finally beginning to plateau. Check out the top 20 richest clubs in Deloitte's list below.More news: Avalanches Kill 70 More People in Pakistan and Afghanistan