United still cashing in, says expert

Manchester United should not be written off as a commercial force despite being toppled by Real Madrid from their position as the richest club in the world, according to sports finance experts.

The Deloitte ‘rich list’ shows that in terms of revenue, Real have soared into the lead, earning £186.2m (€272.4m), almost £20m (€29.3m) more than United, in 2004-05.