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Published 16:48 20 Mar 2022 GMT
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City become only the fourth club to top the list after United, Real and Barcelona.
"The impact of COVID-19 on Money League clubs’ finances is clear to see, although perhaps not always what many would expect," Deloitte explain.
"While we would typically associate COVID-19 with a negative financial impact, not all revenue streams shrunk in comparison to the previous season, with record aggregate broadcast revenue (€4.6 billion) recorded.
"The outlook is not as positive as it may appear though, with the hike in broadcast revenue in the 2020/21 season a result of the double-edged impact of broadcast deferrals rather than an increase in the values of rights deals.
"While a proportion of the 23% fall in broadcast receipts recorded in the 2019/20 season was lost revenue, the majority of it was simply delayed and subsequently received in the 2020/21 season."
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