LONDON: Manchester United’s slide in all directions has continued off the pitch with the club edged out of the top three in Deloitte ‘rich clubs’ table by European champions Bayern Munich.

United’s faint prospects of retaining their Premier League crown were effectively extinguished by a 3-1 defeat at Chelsea last Sunday and their most realistic remaining trophy chance ended in the embarrassment of a shootout defeat last night by strugging Sunderland in front of their own fans at Old Trafford.

Leaders remain Real Madrid whose turnover increased by 1.2pc to €519m ($704m) for the 2012-13 campaign even though they failed to win a major trophy. Madrid remained ahead of Spanish champions Barcelona, whose revenue remained flat at €483m.

Bayern, who won the Champions League in 2013, dislodged United in third place thanks to total sales that rose by 17 per cent to €431m, securing the club’s highest ranking in the Football Money League for 11 years.

United slipped to fourth despite increasing turnover by 13pc to €424m, but Deloitte said that the club are “well placed” to regain third place in the 2013-14 season due to increased broadcast rights and sponsorship income.

The biggest movers in the top 20, whose collective revenue rose by 8pc to €5.4bn, were French champions Paris Saint-Germain. The club’s turnover rocketed by 81pc to €399m, shifting PSG up by five places to fifth in the rankings. Of PSG’s total revenue, €255m was generated by commercial activities, more than any other club in the top 20.

Juventus also moved significantly, up four places to ninth to register as the top Italian Serie A club in the table with €272m thanks to a run to the Champions League quarter-finals in 2012-13. Fenerbahce, Roma and Atletico Madrid the only new entries in the rankings, in 18th, 19th and 20th places, respectively.

Deloitte revenue rankings for 2012-13

1. Real Madrid €518.9m

2. Barcelona €482.6m

3. Bayern Munich €431.2m

4. Manchester United €423.8m
5. Paris Saint-Germain €398.8m
6. Manchester City €316.2m
7. Chelsea €303.4m
8. Arsenal €284.3m
9. Juventus €272.4m
10. AC Milan €263.5m
11. Borussia Dortmund €256.2m
12. Liverpool €240.6m
13. Schalke €198.2m
14. Tottenham €172m
15. Inter Milan €168.8m
16. Galatasaray €157m
17. Hamburg €135.4m
18. Fenerbahce €126.4m
19. Roma €124.4m
20. Atletico Madrid €120m