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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