Manchester United top the list, compiled by finance firm Deloitte, with £171.5m.
Chelsea generated £143.7m during 2003/4.
So the question is - where did the income come from?
How much came from us, as supporters and consumers of Chelsea products?
For your info, here is the top 20 clubs:
1 (1) Man Utd £171.5m
2 (4) Real Madrid £156.3m
3 (3) AC Milan £147.2m
4 (10) Chelsea £143.7m
5 (2) Juventus £142.4m
6 (7) Arsenal £115m
7 (13) Barcelona £110.1m
8 (6) Inter Milan £110.3m
9 (5) Bayern Munich £110.1m
10 (8) Liverpool £92.3m
11 (10) Newcastle £90.5m
12 (11) Roma £72m
13 (18) Celtic £69m
14 (16) Tottenham £66.3m
15 (15) Lazio £65.8m
16 (-) Man City £61.9m
17 (14) Schalke £60.5m
18 (-) Marseille £58.3m
19 (-) Rangers £57.1m
20 (-) Aston Villa £55.9m Source: Deloitte
Previous season's position in brackets
2 (4) Real Madrid £156.3m
3 (3) AC Milan £147.2m
4 (10) Chelsea £143.7m
5 (2) Juventus £142.4m
6 (7) Arsenal £115m
7 (13) Barcelona £110.1m
8 (6) Inter Milan £110.3m
9 (5) Bayern Munich £110.1m
10 (8) Liverpool £92.3m
11 (10) Newcastle £90.5m
12 (11) Roma £72m
13 (18) Celtic £69m
14 (16) Tottenham £66.3m
15 (15) Lazio £65.8m
16 (-) Man City £61.9m
17 (14) Schalke £60.5m
18 (-) Marseille £58.3m
19 (-) Rangers £57.1m
20 (-) Aston Villa £55.9m Source: Deloitte
Previous season's position in brackets