Deloitte has released their 20th edition of Football Money League and the heads are rolling in Europe. Real Madrid has held the top position for the last 11 years but despite winning the Champions League this year the tide has changed. Manchester City reached Champions League semi-final and that has boosted their revenue tremendously.

Now let us take a look at the top 12 clubs in the money League;

12. Tottenham Hotspurs- € 279.7 Million

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Premier League side Tottenham Hotspurs was a middles table club few years ago but now they are a force to reckon with in Europe. They raked in €147.6 million to push their value to €279.7 Million. They are currently 2nd in the table, seven points behind leaders Chelsea.

11. Borussia Dortmund- €283.9 Million

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Bundesliga runners-up in 2015/16 season, take the 11th place with a total value of €283.9 Million. They are also still involved in the Champions League so you can expect their value to go up this year too.

10. Juventus- € 341.1 Million

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Serie A defending giants are up there with the best when it comes to value. They had an average year in Europe last year but they still won the domestic league. They had improved deals with Jeep and Adidas pushing up their revenue by 5%.

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