Carlo Ancelotti has said Manchester City's elimination from the Champions League would be good news for Real Madrid.

Manchester City is on the brink of a humiliating Champions League exit after a stunning 4-2 loss to Paris Saint-Germain on Wednesday.

Manchester City’s turbulent season took another major knock on Wednesday after it suffered a calamitous defeat to Paris Saint-Germain in the Champions League group stage.

For a second consecutive year, they topped Deloitte’s Money League, released today. The figures are for last season, which ended with another Champions League title for Real Madrid, enabling them to become the first football club to push through €1billion in annual revenue, earning €1.05bn (£884m; $1.08bn).

The Taylor Swift effect and further revenue away from soccer have helped Los Blancos, with the Miami Dolphins' home game later this year only expected to help keep them at the top.

Real Madrid head coach Carlo Ancelotti explained why he brought off his midfielder Jude Bellingham during Wednesday's 5-1 thrashing of RB Salzburg in the Champions League

Manchester City has taken its spending this week to around $150 million by signing Egypt forward Omar Marmoush from Eintracht Frankfurt in a move that provides some belated back-up to star striker Erling Haaland.

Manchester City have completed the signing of Omar Marmoush from German side Eintracht Frankfurt. City have paid their Bundesliga counterparts a fee in the region of €70million (£59m) plus bonuses. The Egypt international has signed a four-and-a-half-year deal at the Etihad Stadium through to June 2029.