Deloitte’s new Money League is up and Germany have added a club to the top 20.

Top 20 + Revenue
1. Real Madrid €401.4m (1st last year)
2. Barcelona €365.9m (3rd)
3. Man Utd €327.0m (2nd)
4. Bayern Munich €289.5m (4th @ €295.3m)
5. Arsenal €263.0m (6th)
6. Chelsea €242.3m (5th)
7. Liverpool €217.0m (7th)
8. Juventus €203.2m (11th)
9. Internazionale €196.5m (10th)
10. AC Milan €196.5m (8th)
11. Hamburg €146.4m (15th @ €127.9m)
12. Roma €146.4m (9th)
13. Lyon €139.6m (12th)
14. Marseille €133.2m (16th)
15. Tottenham Hotspur €132.7m (14th)
16. Schalke 04 €124.5m (13th @ €148.4m)
17. Werder Bremen €114.7m (unranked)
18. Borussia Dortmund €103.5m (unranked)
19. Man City €102.2m (20th)
20. Newcastle United €101.0m (17th)

Stuttgart dropped out, but Werder Bremen replaced them on the strength of their UEFA Cup final.

Meanwhile Dortmund seems to have put all of their financial woes behind them and joined the top 20. For one of Germany’s biggest clubs, it seems unnatural that they were absent for so long.

So with five of the top 20 clubs, Germany takes over sole second having passed Italy. Meanwhile Bayern held strong at the fourth spot, but lost ground to the top 3. Whereas last year, they were right on Barcelona’s tail; Bayern held position but Barca moved to second and United dropped to third, although Bayern Munich lost revenue and fell behind 3rd place by an additional €22 million. Granted, it was to the two finalists from last year’s Champions League. However it does show how finishing well in the premier competition can effect a club’s bottom line.

The interesting aspect to this is that Germany are 2 behind England in total teams on the table. However Newcastle, who currently hold 20th, will drop out next year due to being in the second division of English football.

Meanwhile, Stuttgart, who dropped out, but are still hovering near the cutoff, have a strong Champions League this year to possibly propel them back into the mix next year, which could see Germany equal England at 6 each. However, Bordeaux or Olympiacos, both hefty clubs could see themselves in the top 20 with a good Champions League run. Valencia or Benfica, who have both been in the top 20 within the past four years might return with a run to the finals of the Europa League.

See last years rankings here.