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Bayern Munich ranked fourth among the world's top football clubs in revenue in 2016, according to Deloitte's Football Money League report published on Thursday.
Deloitte, a UK-based accounting firm, reported that Bayern had a revenue of €592 million in 2016, a 25 percent increase from 2015 (€474 million). The report claims the dramatic revenue increase is due to "increased distributions from the central international broadcast contracts agreed by the Bundesliga, and also new and improved deals with commercial partners".
Bayern took fourth place away from Paris Saint-Germain (€520.9 million in revenue), who fell to sixth behind Manchester City (€524.9 million). The defending Bundesliga champions have now been in the top five for nine consecutive seasons.
Manchester United (€689 million) took the top spot in the 20th edition of Deloitte's Football Money League.
Borussia Dortmund (11th place, €283.9 million) and Schalke (14th place, €224.5 million) were the only other two German clubs to make the top 20.