Real Madrid named most valuable club in the world as three Premier League clubs make top five
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Real Madrid have been named the most valuable club in the world, according to Forbes' latest list.
On average, there has been an increase of 14% from $2.53 billion to $2.89b in club value
The increase isn't generated by revenue, though, which went up by just 2.5%, to an average of $496 million per team, but instead by the higher enterprise multiples (enterprise value divided by revenue) that new owners are paying for teams.
Premier League giants Manchester United are in second place with a book value of $6b and a revenue of $779m.
Real Madrid's arch-rivals Barcelona round off the top three on $5.51b, closely followed by Liverpool on $5.29b, with the Merseyside club pocketing a whopping $793m in revenue.
Manchester City occupy the fifth place after winning a historic treble last season, unsurprisingly generating the most income of anyone on the list ($175m).
Bayern Munich and Paris Saint-Germain follow Pep Guardiola's side, before all three London clubs, Chelsea ($3.1b), Tottenham Hotspur ($2.8b) and Arsenal ($2.6b), who complete the top 10.
Crystal Palace and West Ham United are the only other English teams inside the top 20, with Newcastle United, newly-relegated Leicester City, Aston Villa and Everton a part of the top 30.
The report adds that the list could be subject to change due to the ongoing saga surrounding Manchester United's ownership.
"Manchester United, ranked second on our list, could soon be sold for some $6 billion, 7.7 times revenue," it is claimed.
"Bankers tell Forbes that Paris Saint-Germain will likely soon raise money in a minority-stake sale that will value the team at more than $4 billion, about 5.7 times revenue. According to an MLS team executive, LAFC was raising money at around a $930 million valuation early this year, 8 times revenue."