Despite having their worst season in two decades, the Red Devils have managed to reclaim second spot on the list of the world’s richest football clubs.
Only European champions Real Madrid beat United when it comes to income, with Barcelona struggling to keep pace along with Bayern Munich.
The list compiled by accountants Deloitte sees Real Madrid at the top for the 10th year in succession, with revenues of £459m, while United are on £433m, Bayern £407m and Barcelona £405m.
Meanwhile cross town rivals Manchester City remain in sixth behind French champions Paris Saint-Germain.
Chelsea and Arsenal are in seventh and eighth with Liverpool in ninth place.
A Deloitte spokesman said: “A season that saw Manchester United finish in their lowest league position since the start of the Premier League era actually saw the Red Devils reclaim second spot in the money league.
“Their commercial growth… continues to yield record-breaking deals. If the club can regain their Champions League status for the 2015/16 season, there is a strong possibility they will also regain top spot in our money league for that season.”
Almost half of the top 30 clubs are in the Premiership with both Newcastle and Everton appearing in the list for the first time.
The spokesman added: “It is with great anticipation that we wait to see what the new round of Premier League broadcast deals, expected to be agreed in 2015, will yield. With the market expectation that another significant increase will occur, it is likely that the money league will have a strongly English appearance in the coming years.”
Club 2013/14 Revenue (£m) (2012/13 Revenue):
1 Real Madrid 459.5 (444.7)
2 Manchester United 433.2 (363.2)
3 Bayern Munich 407.7 (369.6)
4 FC Barcelona 405.2 (413.6)
5 Paris Saint-Germain 396.5 (341.8)
6 Manchester City 346.5 (271.0)
7 Chelsea 324.4 (260.0)
8 Arsenal 300.5 (243.6)
9 Liverpool 255.8 (206.2)
10 Juventus 233.6 (233.5)
11 Borussia Dortmund 218.7 (219.6)
12 Milan 208.8 (225.8)
13 Tottenham Hotspur 180.5 (147.4)
14 Schalke 04 178.9 (169.9)
15 Atletico Madrid 142.1 (102.8)
16 Napoli 137.8 (99.8)
17 Internazionale 137.1 (141.0)
18 Galatasaray 135.4 (134.6)
19 Newcastle United 129.7 (95.9)
20 Everton 120.5 (86.4)
