Real Madrid became the first team in any sport to post revenues in excess of €400 million in a single year, according to an annual survey of the richest soccer clubs by accountancy firm Deloitte.

In its survey released yesterday, Deloitte said the figure of 401.4 million had been helped by high broadcast revenue. Real topped the "Football Money League" report, which ranks the 20 biggest clubs by revenue, for the fifth consecutive year.

European and Spanish champions Barcelona overtook Manchester United, who were hit by the weak pound, to move to second.

Barcelona posted the largest absolute increase in the Deloitte report, from the 2008-09 season. The club's revenue rose by €57 million to €366 million.

"Real Madrid and FC Barcelona have created a clear revenue gap between themselves and their European competitors, and look set to contest the top two positions in the Money League for the foreseeable future, particularly if the pound doesn't strengthen against the euro," Alan Switzer, director in the Sports Business Group at Deloitte, said in a statement.

Top clubs weathered the worst economic crisis in decades thanks to their loyal fan bases and large broadcast audiences. The combined revenue growth for the 20 clubs slowed compared with previous years to over €3.9 billion.

The top 20 was little changed from last year, with Werder Bremen and Manchester City replacing Stuttgart and Turkish club Fenerbahce.

The list was again dominated by European clubs, with seven English clubs, four from Italy, and two each from France and Spain.