Aston Villa sits in 23rd place with revenues of £113.2m and West Bromwich Albion has broken into the top 30 for the first time, with revenue of £96.3m.
Across the wider region, Stoke City and Leicester City were also ranked in the official Deloitte Football Money League’s top 30.
Premier League clubs now dominate the top 30, with 17 of those clubs having played in the Premier League during the 201415 season.
Tim Bridge, senior manager at Deloitte, said: “Despite disappointing performances by Premier League clubs in recent European competitions, they continue to lead the way in revenue terms.
“With the new round of Premier League broadcast deals set to deliver greatly improved domestic broadcast revenues in 201617, we expect to see Premier League clubs cementing their places in the top 30 in the coming years, with potential for some of these to climb into the top 20.”
Manchester United, although slipping one place to third, remain the highest revenue-generating club from the Premier League, earning €519.5m (£395.2m).
Chelsea fell one place to eighth, with Arsenal climbing to seventh. Manchester City and Liverpool are the other two Premier League clubs in the top 10, placing sixth and ninth respectively.