Madrid, Jan 24 (IANS): Spain's Real Madrid remained the world's richest football team for the ninth consecutive year, followed by FC Barcelona, according to a study published by Deloitte.

The study, Football Money League, published Thursday analyzes the teams financial information of the 2012-2013 season, reported Xinhua.

According to the study, Real Madrid's turnover reached 518.9 million euros ($710.7 million) in the 2012-2013 season, which meant an 1.2 percent increase when compared with the 2011-2012 season.

As a result, Real Madrid is the richest team in the world for the ninth consecutive year, beating the record of Manchester United that was in the first place between the 1996-1997 and 2003-2004 seasons.

Meanwhile, Spanish Primera Liga power house Barcelona billed 482.6 million euros, slightly above the figure of the previous season, becoming the world's second richest team for the fifth consecutive year.

Real Madrid won 119 million euros thanks to tickets, 188.3 million euros for television rights and 211.6 million euros thanks to advertising, sponsorship and merchandising.

FC Barcelona earned 117.6 million euros for tickets, 188.2 million euros thanks to television rights and 176.8 million euros for advertising, sponsorship and merchandising.

Another Spanish team was among the top 20, Atletico Madrid, on the 20th position, with a turnover of 120 million euros. The figure was the result of 27.5 million for tickets, 52.5 million euros for television rights and 40 million euros for advertising, sponsorship and merchandising.

Spain's Valencia was on the 23rd place with a turnover of 116 million euros.

According to the study, revenue for the top 20 teams rose by 8 percent to 5.4 billion euros last season. (1 euro equals $1.37)