LONDON (AP):

Real Madrid is football's biggest moneymaker for the 10th straight year, while Manchester United has risen to second in the rankings by maintaining its commercial growth during its worst-ever Premier League campaign.

In the Football Money League, compiled by accountancy firm Deloitte, German champion Bayern Munich remained third, but Barcelona dropped from second to fourth during its trophyless 2014.

In the 2013-2014 financial year, Real Madrid generated €549.5 million (US$752 million on June 30). United brought in £433.2 million (US$740 million on June 30), which equated to €518 million during the financial year. The current exchange rate would put United on top on €566 million.

Bayern generated €487.5 million, Barcelona €484.6 million, and Paris Saint-Germain €474.2 million.

Overall, the revenue of the world's top 20 clubs, which are all European and dominated by eight from the English Premier League, grew 14 per cent year-on-year to €6.2 billion (US$8.5 billion). The only team to feature from outside the major leagues - England, Spain, Italy, Germany and France - is Turkish champion Galatasaray at 18th, with a turnover of €161.9 million.

Although Real missed out on the Spanish title in 2013-14, the team ended its 12-year wait to be crowned European champions for the 10th time in May.

The growth in the value of Premier League television rights led to every team in the top-flight reporting record revenue in 2013-14, Deloitte said.