REAL MADRID HAVE edged Barcelona to be ranked as world football’s most valuable club for a fourth consecutive year, while Arsenal have climbed into the top five.
Business publication Forbes have released their 13th annual list, with Champions League finalists Madrid now judged to be worth $ 3.65 billion, an increase on their $ 3.26bn from last year’s list.
Barcelona are not far behind, with their value at $ 3.56bn, while Premier League side Manchester United remain third on $ 3.32bn.
German champions Bayern Munich stay fourth with their worth now up to £2.68bn, while Arsenal have jumped from seventh to fifth after their value surged from $ 1.31bn up to $ 2.02bn over the last year.
Manchester City ($ 1.92bn) drop to sixth, while Chelsea ($ 1.66bn) slip to seventh due to the Gunners’ rise and Liverpool ($ 1.55bn) stay eighth.
Serie A winners Juventus are ninth on $ 1.3bn, while Tottenham ($ 1.02bn) replace AC Milan ($ 825m) — who drop to 12th — as the sixth English club inside the top 10.
Borussia Dortmund ($ 836m) are 11th and French champions Paris Saint-Germain ($ 814m) have dropped a place to 13th. Schalke stay 14th on $ 655m, while Atletico Madrid ($ 633m) are in 15th position.
Recently relegated Newcastle United ($ 383m) make the top 20 as they sit below Inter ($ 559m), West Ham ($ 542m), Roma ($ 508m) and Napoli ($ 396m).
Real Madrid’s standing as football’s most valuable club places them second in the sporting world, with only NFL team the Dallas Cowboys ($ 4bn) rated higher.
Forbes’ 20 most valuable clubs in world football:
1. Real Madrid — $ 3.65bn
2. Barcelona — $ 3.56bn
3. Manchester United — $ 3.32bn
4. Bayern Munich — $ 2.68bn
5. Arsenal — $ 2.02bn
6. Manchester City — $ 1.92bn
7. Chelsea — $ 1.66bn
8. Liverpool — $ 1.55bn
9. Juventus — $ 1.3bn
10. Tottenham Hotpsur — $ 1.02bn
11. Borussia Dortmund — $ 836m
12. AC Milan — $ 825m
13. Paris Saint-Germain — $ 814m
14. Schalke — $ 655m
15. Atletico Madrid — $ 633m
16. Inter Milan — $ 559m
17. West Ham United — $ 542m
18. Roma — $ 508m
19. Napoli — $ 396m
20. Newcastle United — $ 383m
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