The 13 times Champions League winners have taken top spot on five occasions, whilst the 13 times Premier League winners have been top of the charts a whopping 11 times.
Last year it was Los Blancos who ruled the world again but this year they've been replaced by rivals Barca, despite the Catalan giants having financial issues.
According to the report, despite the Covid-19 pandemic hitting clubs in the pocket, the value of clubs still rose by 30% from two years ago.
Barca took number one spot with a value of $4.76 billion, just edging out Real's $4.75 billion, with Bayern Munich in third with a value of $4.21 billion.
Having dominated the landscape for so long, United are down in fourth with a value of $4.2 billion and Liverpool round off the top five with their value of $4.1 billion.
Of the top 10, only Spurs have a greater debt value than United. The north Londoners 39% debt value is huge compared to United's 16%, with Barca and Real both at 6%.
Only Roma's 56% is higher than Spurs' debt and much of the Premier League side's issues will be with their new stadium.
Bayern, Borussia Dortmund, Manchester City, PSG, Everton and Chelsea are the only sides without any debt and most of those are owned by billionaires.
Barca fans will be extremely relieved to see their team get a boost of good news, after several months that have been hard on the club.
As well as Lionel Messi wanting to leave the club, amidst a poor end to last season, the side also dealt with Josep Maria Bartomeu resigning as president.
The former leader of the club was then arrested, and the club's offices raided, because of allegations of corruption.
Featured Image Credit: PA
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