Manchester United have been confirmed as the world’s richest club for the seventh successive season.

United’s turnover of ahead of £167.83m for the 2002-03 season, saw the Premiership champions earn £22m more than their closest rivals Juventus, whose revenue was £145.75m.

Manchester United are also the richest team of any sport, ahead of baseball’s New York Yankees who earnedthe equivalent of £162.7m.

The list, produced by accountants Deloitte shows that five of the ten biggest earners in football play in the Premier League with United followed by Arsenal, Liverpool, Newcastle and Chelsea.

Interestingly, debt-ridden Leeds United are 16th in football’s rich list, although debts of over £80 million mean they are teetering on the brink of insolvency.

Deloitte director Dan Jones said: “We use turnover because if a club has large revenues and manages them well, the club will become rich,” explained Jones.

“The well-publicised financial difficulties of some of these clubs are not caused by lack of revenue.”

2. Juventus £145.75m
4. Real Madrid £128.5m
6. Inter Milan £108.4m
8. Liverpool £99.74m
10. Chelsea £89.32m