Spanish giants Real Madrid are the richest club in the world, edging European champions Manchester United into second place, according to a report by global accounting firm Deloitte.

Il Corriere Dello Sport has released the figures from Deloitte, which make for some interesting reading, particularly in the case of Juventus.

Los Merengues lead the rich list as they generated a massive 366 million during season 2007-08. Manchester United are second with 325m while Barcelona are ranked third with an income of 309m for the same period.

The Premier League has the greatest influence in the top 20, with Manchester United, Chelsea, Arsenal, Liverpool, Newcastle United, Manchester City and Tottenham Hotspur all present.

Milan are the richest Italian club, however, they are eighth overall with 210m.

The Old Lady of Italian football, Juventus, are 11th in the list. The Bianconeri are the poorest earners out of the top four clubs in Serie A. Roma are behind Milan on 175m, followed by Inter on 173m and finally Juve on 168.

The top 20 includes Bayern Munich, Schalke 04, Hamburg and Stuttgart from the Bundesliga. France's Ligue 1 is also represented with Olympique Lyonnais and Olympique de Marseille making the rich list. Fenerbahce of Turkey are also present.