Forbes have named Manchester United as the most valuable football club in the world, for the first time in five years.

The American business magazine valued United at $3.69billion, ahead of Spanish giants Barcelona and Real Madrid.

Barcelona are valued at $3.64bn while Real Madrid, ranked first in the list for the past four years, fell to third with a value of $3.58bn.

Bayern Munich ($2.71bn) and Manchester City ($2.08bn) also made the top five.

Arsenal ,
Chelsea , Liverpool, Juventus and Tottenham complete the top 10.

[/quote]“Manchester United’s return to the top spot is a testament to their powerful brand and marketing acumen,” Mike Ozanian, assistant managing editor at Forbes Media, said.[/quote]

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Last week, United were named Europe’s most valuable football club by auditors KPMG, which valued the club at €3.004bn ($3.39bn).