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Paris, Nov 7  Paris Saint-Germain announced record revenue of 637.8 million euros ( 706 million) for the 2018-19 fiscal year on Wednesday, confirming their status as one of the world’s richest clubs.

It represents an increase of 17.7 percent on previous revenue of 541.7 million euros, which saw them ranked the sixth-richest football club in 2018.

However the money generated still falls well short of that by Barcelona and Real Madrid, who topped last year’s Deloitte Football Money League.

Barcelona expect to record revenues of more than one billion euros this season, becoming the first football club to pass the mark, while Real Madrid posted operating revenue of 757.3 million euros for 2018-19.

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