Manchester United have emerged as the highest earners in world football for the first time in 13 years after the Red Devils revenues astronomically jumped to £3.6billion, up £0.2billion from the previous campaign.

Premier League clubs achieved record revenues for the 2015/16 season but posted overall pre-tax losses, figures released by Deloitte reveal.

United, despite spending almost £200m on transfers last summer, saw their revenue grow to £515m, which saw them top the Deloitte Football Money League for the first time since 2003-04 as the world’s highest revenue-generating club ahead of Real Madrid, Barcelona, PSG and.Bayern Munich.

The combined operating profits of the 20 clubs in the English Premier remained stable at £0.5billion, with wage costs increasing by 12% to £2.3billion.

That’s in the wake of Sky and BT paying a record £5.136billion for the latest round of TV rights, 71% higher than the previous deal.

“Our analysis reveals a return to pre-tax losses, following two consecutive years of pre-tax profits,” Dan Jones, partner and head of the Sports Business Group at Deloitte, said.

“However, it is worth noting that this is due to a small number of one-off ‘exceptional’ costs, and we fully expect that the Premier League’s new three-year broadcast rights deal will see a return to record levels of profitability in the 2016/17 season.”

United will be looking to earn more money by making sure they progress to the Europa League semi-finals tonight by beating Belgian club Anderlecht at Old Trafford after both sides played out 1-1 in last week’s quarterfinals first-leg tie in Brussels.

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