US business magazine Forbes have released their annual football rich-list, revealing the top ten wealthiest clubs.
For the fourth year in a row, Champions League finalists Real Madrid lead the way with their value rated at a staggering $3.645 billion (£2.52bn), with an annual revenue of $694 million (£480m).
Spanish rivals Barcelona may pip them to the La Liga trophy if they beat Granada this weekend but they narrowly trail their rivals in Forbes’ list. The Catalan club are reportedly valued at $3.549bn (£2.46bn).
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Despite not winning the Premier League since 2013 and set to miss out on Champions League qualification, Manchester United rank third in the rich-list at $3.317bn (£2.3bn).
But United are just one of six Premier League teams in the top-ten richest clubs list. After 20 years of finishing in the top-four, and spending a relatively small amount, Arsenal are sixth in the list worth an estimated $2.017bn (£1.4bn).
Trailing the Gunners are Manchester City and Chelsea with them being worth $1.921bn (£1.33bn) and $1.661bn (£1.15bn) respectively.
Liverpool are eighth in the list, valued at $1.548bn (£1.07bn), while Tottenham, following their unlikely title challenge, are tenth being rated at $1.017bn (£704m).
Bayern Munich and Juventus are also in the top-ten.
Forbes says that this year’s top 20 teams are collectively worth 24 per cent more than the teams that filled those positions 12 months ago, citing increased income from television contracts and kit deals.
Forbes' top 10 world's most valuable football teams:
1 Real Madrid - US$3.645 bn (£2.52billion)
2 Barcelona - $3.549bn (£2.46bn)
3 Manchester United - $3.317bn (£2.3bn)
4 Bayern Munich - $2.678bn (£1.85bn)
5 Arsenal - $2.017bn (£1.4bn)
6 Manchester City - $1.921bn (£1.33bn)
7 Chelsea - $1.661bn (£1.15bn)
8 Liverpool - $1.548bn (£1.07bn)
9 Juventus - $1.299bn (£900million)
10 Tottenham - $1.017bn (£704m)
There are a further two English sides in the top 20. West Ham are 17th - and you would expect that rank to increase next year given their likelihood to be involved in the Europa League, plus the fact they will be playing in the Olympic Stadium next season, paying just £2.5 million rent-per-year.
Remarkably, recently-relegated Newcastle come in at 20th. The Magpies will be playing in the Championship next season and, come next year’s list, it’s highly unlikely that they will occupy a top 20 spot.
It’s expected that even more Premier League clubs will feature in the list in 12 months time with the top-flight’s £5.14bn TV deal beginning this summer.
Believe it or not, Real Madrid aren’t the richest sports team in the world. Despite dominating the footballing world, the American football team Dallas Cowboys are worth slightly more, valued at $4 billion dollars (£2.77bn).