Forbes' World’s Most Valuable Football Clubs 2019 – View List of the Top 20 Clubs

The annual list, compiled by Forbes magazine, shows that while Spanish giants Real Madrid and Barcelona remain the two biggest sides in the world – as far as money goes – only one other La Liga side, Atletico Madrid, makes the cut. Real Madrid are worth $4.2bn (around £3.38bn), while Barcelona come in second with $4bn (£3.19bn). Rivals Atletico are much further down, with a value of $953m (£760m).

Despite a number of on-pitch troubles over the past few years, Manchester United – who finished sixth in the Premier League last season – are still England’s most valuable club. They come third in the list behind Spain’s Clasico rivals, with a worth of $3.18bn (£3.03bn).

Their neighbors Manchester City, who have won four titles since their takeover by Sheikh Mansour, one of the world’s richest people, are fifth on the list – with Chelsea (sixth), Arsenal (seventh), Liverpool (eighth) and Tottenham (ninth) following in behind. Each of the Premier League’s ‘Big Six’ sides has a value of over £1bn.

Only European clubs make the cut for the top places. Germany’s Bayern Munich (fourth) and Italy’s Juventus (10th) make up the top 10, but Premier League clubs have three more representatives in the top 20: West Ham, Everton and Newcastle all appear.

The data has been compiled by Forbes from clubs’ own annual reports, Deloitte’s Football Money League reports, and the Swiss Ramble website.

The results show, unsurprisingly, that the richest clubs are getting even richer, with the value of the top 20 clubs rising on average by 3.4%.

Forbes' 2019 list of most valuable football clubs:

1. Real Madrid – $4.24bn (£3.38bn)

2. Barcelona – $4bn (£3.19bn)

3. Manchester United – $3.8bn (£3.03bn)

4. Bayern Munich – $3bn (£2.39bn)

5. Manchester City – $2.69bn (£2.15bn)

6. Chelsea – $2.6bn (£2.07bn)

7. Arsenal – $2.3bn (£1.83bn)

8. Liverpool – $2.18bn (£1.74bn)

9. Tottenham Hotspur $1.62 (£1.29bn)

10. Juventus $1.51 (£1.2bn)

11. Paris Saint-Germain $1.09bn (£870m)

12. Atletico Madrid $953m (£760m)

13. Borussia Dortmund $896m (£714m)

14. Schalke $683m (£545m)

15. Inter Milan $672m (£536m)

16. Roma $622m (£496m)

17. West Ham $616m (£491m)

18. AC Milan $583m (£465m)

19. Everton $476m (£379m)

20. Newcastle United $381m (£304m)