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The world's top 20 richest football clubs

Deloitte has unveiled its Football Money League based on 2012/13 revenue.

1. Real Madrid - €518.9m

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2. FC Barcelona - €482.6m

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3. Bayern Munich - €431.2m

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4. Manchester United - €423.8m

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5. Paris Saint-Germain - €398.8m

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6. Manchester City - €316.2m

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7. Chelsea - €303.4m

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8. Arsenal - €284.3m

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9. Juventus - €272.4m

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10. AC Milan - €263.5m

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11. Borussia Dortmund - €256.2m

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12. Liverpool - €240.6m

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13. Schalke 04 - €198.2m

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14. Tottenham Hotspur - €172m

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15. Internazionale - €168.8m

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16. Galatasaray - €157m

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17. Hamburger SV - €135.4m

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18. Fenerbahçe - €126.4m

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19. AS Roma - €124.4m

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20. Atlético de Madrid - €120m

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Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

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