Forbes, on Tuesday, named Manchester United as the world’s most valuable football club for a second consecutive year.
United, who ended European champions Real Madrid’s four-year stint at the top of the list last year, were valued at $4.12 billion, up 12% from a year ago.
Real Madrid last month won a third-straight Champions League title. They are second with a value of $4.08 billion.
The top five is completed by Barcelona ($4.06 billion), Bayern Munich ($3.06 billion) and Manchester City ($2.47 billion).
Forbes, however, notes Barcelona or Real Madrid could soon take over top spot from United, because of their consistently high performance in the Champions League.
The 20 most valuable clubs:
1. Manchester United ($4.12bn)
2. Real Madrid ($4.08bn)
3. Barcelona ($4.06bn)
4. Bayern Munich ($3.06bn)
5. Manchester City ($2.47bn)
6. Arsenal ($2.23bn)
7. Chelsea ($2.06bn)
8. Liverpool ($1.94bn)
9. Juventus ($1.47bn)
10. Tottenham Hotspur ($1.23bn)
11. Paris Saint-Germain ($971m)
12. Borussia Dortmund ($901m)
13. Atletico Madrid ($848m)
14. West Ham United ($754m)
15. Schalke ($707m)
16. Roma ($618m)
17. AC Milan ($612m)
18. Inter Milan ($606m)
19. Leicester City ($500m)
20. Napoli ($471m)
