English football clubs cemented their position as the sport’s wealth generators, making up more than half of Europe’s top earners with Manchester City taking the top spot for a second year running. 

The Premier League champion’s revenue, boosted by a sharp increase in commercial income, was 13% up on the previous year at €731 million ($794 million), according to Deloitte’s annual Money League. Real Madrid was second on €714 million. Paris Saint-Germain, Barcelona and Bayern Munich were the only other non-English teams in the top 10.

English football has been dominant for years, but the report this year highlights by just how much as clubs bounced back from the crippling effects of the coronavirus pandemic. Deloitte ranks teams by the revenue they bring in, rather than their profitability.

Liverpool, whose American owners are considering the sale of the team, moved up four places to third, its highest ev