Stoke City followed in second place with overall revenues of £98.3m and West Brom were third with £86.8m.

Taking into account the Midlands as a whole, the 16 Premier League and Football League clubs had combined revenue of over £440m in 2013/14, equivalent to around 11% of the total revenue of the £4bn generated by the top 92 clubs in English football.

Aston Villa was also the only Midlands club featured in the Premier League’s top ten, finishing in tenth place.

Dan Jones, partner in the Sports Business Group at Deloitte, said: “The impact of the Premier League’s broadcast deal is clear to see. Broadcast income increased by £569m in 2013/14, accounting for 78% of the overall growth in revenue in the Premier League.

“Continued growth in both commercial and matchday revenue helped Premier League clubs’ combined revenues reach £3.26bn – a staggering increase of £735m compared with the season before.

“In 2013/14 even the Premier League club receiving the least from domestic league broadcast distributions earned more from this source than all but five other European clubs.

“Following recent announcements of commercial deals for a host of the largest clubs, we expect the Premier League to surpass the Bundesliga in commercial revenue terms and hence lead the world in all three key revenue categories from 2014/15.”

Seven of the top eight revenue generators in the Midlands saw their revenue increase in 2013/14. This is in sharp contrast to the previous year, where only two of the eight clubs increased revenue year on year.

All Premier League clubs in the Midlands made operating profits this season, reflecting the change in fortunes for Premier League clubs as a result of the new domestic broadcast deal coming into effect.”

Midland Premier League and Championship clubs by revenue 2013/14

Source: Deloitte Annual Review of Football Finan