Manchester United have dropped down to fourth position in the Deloitte Football Money League table, while Liverpool’s revenue dropped to 12th highest in the money-league.
Reigning European Champions Bayern Munich moved into the third place behind Real Madrid and Barcelona in the money league table, despite the fact United generated more money last season, £363.2 million, than in any previous campaign.
This off-the pitch set-back is largely due to the fact that United’s share price has plummeted by £150 million since David Moyes succeeded Sir Alex Ferguson. And less said about on-pitch matters, better it is.
The financial outlook still remains healthy at the moment courtesy of bumper television revenue and lucrative commercial deals, but the situation could change dramatically, should the Old Trafford club fail to qualify for the Champions League this season and beyond.
Manchester City (£271m) jumped up to 6th place while both Chelsea (£260m) and Arsenal (£243.6m) dropped to seventh and eighth place respectively.
Five times European Champions Liverpool (£240.6m) find themselves outside top 10 for the first time since 1999-2000, with lack of Champions League football, continues to hamper their growth in revenues. The Reds are still two places ahead of Tottenham Hotspur, who along with Chelsea are the only two clubs in the top 20 list that have generated less revenue than they did in 2011-12.