The clash between Barcelona and Arsenal later this month will see two clubs that have combined revenues of almost €1 billion come head to head.

According to new figures from the Deloitte Football Money League this is the highest ever for a last 16 match in the competition. In the 2014/15 season the clubs’ combined revenues were an impressive €996.3 million. Barcelona’s revenue was €560.8 million while Arsenal’s was €435.5 million.

The sides will meet at Camp Nou on March 16th for the second leg of the match. Barcelona won the first leg 2 – 0 thanks to two goals from Lionel Messi at the Emirates Stadium.

Barcelona and Arsenal bring in the second and seventh highest revenues in football respectively. Their participation and progression through the Champions League will result in significant revenues due to UEFA distributions and match day revenue. When Barcelona won the Champions League last year it resulted in UEFA distributions of €61 million, up €19.1 million from the previous season.

Real Madrid is the team that brings in the highest revenues of €577 million but their opponents in this week’s game are sixteenth bringing in just €180.4 million.

However, the majority of the matches in the last 16 of the Champions League feature clubs which have combined revenues of over €750 million. Arsenal vs Barcelona, Roma vs Real Madrid, PSG vs Chelsea and Juventus vs Bayern Munich all break through the barrier.

While it is known that Manchester City is ranked sixth in terms of revenue at €463.5 million there is no information available on their opponents Dynamo Kiev.

It remains to be seen whether there will be a direct correlation this year between a club’s revenues and its success in the Champions League. However, the revenues do prove that the clubs regularly deliver extremely exciting football.