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Manchester City race up Europe's rich list, but United remain Premier League's wealthiest

Manchester City's rise to prominence on the European stage has been underlined in spectacular fashion by the publication of the annual report into football finance by accountants Deloitte.

Despite the fact that City have still not qualified for the Champions League - narrowly missing out to Tottenham last season - figures for the 2009-10 season show that the richest club in the world have begun improving their moneymaking activities in keeping with their recently acquired status.

Last year's publication had City in 20th position in Deloitte's Football Money League, with an annual revenue figure of £87million. However, in the space of only a year that figure has rocketed to £125.1m and has moved them up to 11th spot.

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