But the report makes sorry reading for Manchester United, who have dropped down eight places, out of the top 10 and below Liverpool for the first time.
Bayern Munich are third and Real Madrid fifth, while Tottenham are a surprising name coming in at fourth in the list.
PSG have overtaken Manchester City as the most financially powerful club in world footbal
City are second in the list, according to the annual Soccerex Football Finance 100 report
The clubs are rated by a football finance index score, which is based on the value of the current squad, tangible assets, finance available in their accounts and potential owner investment and net debt.
The analysis is based on balance sheets and annual reports published by clubs as well as sources from as far afield as UEFA, The Financial Times, Bloomberg, Yahoo Finance, Forbes, Transfermarkt and Hooevers. This edition analyses the financial year 2017-18.
The report ranks the financial potential of each club and develops a methodology that looks at the performance of clubs in…