Date: 16th February 2006 at 12:59pm
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Can you believe it, David Beckham’s commercial value has helped Real Madrid overtake Manchester United as the wealthiest club in the world.

The new ‘rich list’ claims Real picked up £186.2million – £20million more than United – in 2004-05.

United had topped the list for the previous eight years.

United are followed by AC Milan (£158million) and Juventus (£154.9million) in the list, both clubs having benefited by huge recent broadcasting deals, while Chelsea (£149.1million) have slipped a place to fifth.

Arsenal (£115.7million) have dropped from sixth to 10th place after failing to match their fabulous unbeaten season of 2003-04, while Liverpool’s Champions League success saw the Reds rise from 10th to eighth, earning £122.4million.

Newcastle (£87.1million) are 12th in the list, Tottenham (£70.6million) 13th,

Manchester City (£60.9million) in 17th and Everton (£60million) 18th.