Real first club to exceed 400m euros

MILAN - Real Madrid became the first team in any sport to post revenues in excess of 400 million euros ($540.9 million) in a single year, according to the annual survey of the richest soccer clubs by accountancy firm Deloitte.

In its survey released on Tuesday, 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.