Can you guess who is the new richest team in soccer? (Hint: It isn't Real Madrid or Barcelona)

Maybe it takes a special kind of soccer nerdery to care about this sort of stuff. But then again, the revenues that clubs generate are directly reflected in the quality of the squads they’re capable of buying and retaining.

That’s why Deloitte’s annual Football Money League has become such a big deal. The 2017 edition was released on Thursday, covering the 2015-16 season now that all the audited books are in and ready for comparison. The top 20 teams combined to bring in a total of $7.8 billion, a 12-percent uptick from the 2014-15 season, underscoring the sport’s continued financial growth at the highest level.

After an 11-year run at the top by Real Madrid, Manchester United regained the perch at the top of the mountain as the highest-earning club in the world. The Red Devils grossed some $732 million last season, a new world record. In fact, it was the first time that any team made more than 600 million euros – and United, second-place Barcelona and third-place Real, both just about tied at $659 million, all did it.

The rest of the top 10 was made up of, in order, Bayern Munich, Manchester City, Paris Saint-Germain, Arsenal, Chelsea, Liverpool and Juventus.

Man United had led the Football Money League in each of the five seasons before Real began its run, going back to 1997-98. Barcelona placed second for a seventh time in eight years.

While United brought in the most money last season, it’s also the most indebted club in the world, according to a UEFA report, with $563 million in liabilities stemming from the leveraged 2005 takeover by the American Glazer family.

Defending Premier League champion Leicester City was one of two newcomers in the top 20, along with West Ham United. Leicester’s revenue was five times higher than two seasons ago, when the Foxes still played in the Championship.

The Premier League has no fewer than a dozen teams among the 30 richest in the world, speaking to its enormous lead in broadcast and advertising income. Still, it had four more representatives last year. Next among the leagues came Italy’s Serie A, with five teams, which is fairly remarkable since the narrative around that league has focused on its decline for years.

The Premier League will likely rebound, though. Deloitte projects that the picture could look very different next year. “With Premier League clubs set to benefit from increased revenue due to their record television contracts in 2016/17,” it wrote, “there is a strong chance that almost all Premier League clubs will be in the top 30 clubs next year.”

Leander Schaerlaeckens is a soccer columnist for Yahoo Sports. Follow him on Twitter @LeanderAlphabet.