Liverpool have dropped out of Deloitte’s Football Money League top 10 for the first time since 2000, but remain the highest placed side without Champions League football.

The report explains that the Reds’ revenues grew by £17.5m (roughly 8%) in 2012/13, to £206.2m.

Real Madrid top the list, with a revenue of £444.7m. While Manchester United drop out of the top three for the first time since 1997.

The 2014 Deloitte Football Money League – top 20 clubs pic.twitter.com/oZ15SHSjNC — Rob Harris (@RobHarris) January 23, 2014

The Guardian explain that Liverpool will likely return to the top 10 next season irregardless of whether they qualify for the Champions League this season, due to the increased Premier League TV revenue.