Manchester United have fallen to their lowest position in the Deloitte Football Money League, with Liverpool the highest-earning English club for the first time.
The Red Devils were once regarded as the blueprint for commercial success in football and have topped the Money League in 10 of its 29 editions, most recently in 2017.
However, United are down in eighth in the 2026 table, in part due to broadcast revenue dropping from €258m [£216.72m] to €206m [£172.9m] because of their absence from the Champions League in 2024-25.
The club are set to generate even less matchday revenue in the current season due to their total absence from European competition, and their failure to go past the first…