Manchester United have slipped two places in the latest football rich list but Premiership clubs have been tipped to make a comeback in the next few years, according to the report's authors Deloitte.
United (242.6million euros) have fallen to fourth in the table for the 2005-06 season in the latest Deloitte Football Money League with Real Madrid (292.2million euros) continuing to lead the way.
Real's bitter rivals Barcelona (259.1million euros) have jumped into second place with Juventus (251.2 million euros) - currently in Serie B after being relegated by the Italain football authorities in the summer for their part in the match-fixing scandal - occupying third place.
The highest-ranked British clubs behind United are Chelsea (6th), Arsenal (9th), Liverpool (10th), Newcastle (13th), Tottenham (15th), Manchester City (17th), Rangers (18th) and West Ham (19th).
However, Deloitte partner Dan Jones predicts the Premiership's new overseas television deal will see English clubs moving in an upward direction during the coming seasons.
"It is the rising value of broadcast rights to top-tier domestic leagues that has underpinned overall revenue growth," he said.
"The Premier League's recently concluded broadcasting deals may see English teams contribute half of the top 20 clubs in 2007-08."