SOCCER: Real Madrid has knocked off Manchester United as the world's richest soccer club. For the first time, Madrid sat atop of the "Football Money League," an independent report released by the Deloitte accounting firm. United, owned by Malcolm Glazer, had been ranked No. 1 since the report began nine seasons ago. Deloitte only uses revenue as its ranking. Real Madrid increased its revenue by 17 percent, to $328-million, for the 2004-05 season. United earned $293-million. AC Milan was third ($279-million), followed by Juventus ($273-million) and Chelsea ($263-million).
YACHTING: The Spanish yacht movistar won the third leg of the Volvo Ocean Race from Melbourne, Australia, to Wellington, New Zealand, today, barely beating overall leader ABN AMRO ONE after 1,450 nautical miles.
Compiled from Times wires.