The top 50 most valuable football clubs in the world have been ranked, with six Premier League sides featuring in the top 10.
The list released by Sportico has been compiled after a review of revenue streams based on financial statements, in addition to conversations with bankers, investors, consultants and team executives.
Sportico say they have also used "team-specific multipliers" which they describe as being "based on multiple factors, including: historical sales, market (size, saturation and interest by prospective owners), strength of brand, on-field performance (historical and recent), terms of facility lease, debt burden and additional obligations, as well as expected future team and league economics."
They have now named Manchester United as the most valuable club in the world, ahead of Real Madrid in second and La Liga rivals Barcelona in third.
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United are valued at $6.2billion (£4.96bn), with Real Madrid ($6.06bn), Barcelona ($5.28bn), Liverpool ($5.11bn) and Bayern Munich ($4.8bn) completing the top five.
Manchester City ($4.75bn), PSG ($4.05bn), Arsenal ($3.91bn), Tottenham ($3.49bn) and Chelsea ($3.47bn) round out the top 10.
Despite having six of the top 10, and nine clubs in the top 50, the Premier League is not the most represented competition on the list.
That honour goes to the MLS, which has 20 of the top 50 clubs.
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However, the Premier League's cumulative valuation of $29bn is almost double that of the 20 MLS clubs ($15.1bn).
La Liga has the third-highest cumulative total at $13bn, but are represented by only three clubs - Real Madrid, Barcelona and Atletico Madrid ($1.56bn).
Top 50 most valuable football clubs in the world in 2024
1. Manchester United ($6.2bn)
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2. Real Madrid ($6.06bn)
3. Barcelona ($5.28bn)
4. Liverpool ($5.11bn)
5. Bayern Munich ($4.8bn)
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6. Manchester City ($4.75bn)
7. PSG ($4.05bn)
8. Arsenal ($3.91bn)
9. Tottenham ($3.49bn)
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10. Chelsea ($3.47bn)
11. Juventus ($1.77bn)
12. Borussia Dortmund ($1.64bn)
13. Atletico Madrid ($1.62bn)
14. AC Milan ($1.2bn)
15. Los Angeles FC ($1.15bn)
16. Inter Milan ($1.06bn)
17. Atlanta United ($1.05bn)
18. Inter Miami ($1.02bn)
19. LA Galaxy ($1bn)
20. New York City FC ($840m)
21. Austin FC ($800m)
22. Seattle Sounder ($795m)
23. Lyon ($780m)
24. Roma ($770m)
25. America ($750m)
26. Ajax ($740m)
27. West Ham ($725m)
28. Toronto FC ($725m)
29. DC United ($720m)
30. Portland Timber ($715m)
31. Guadalajara ($710m)
32. Newcastle ($700m)
33. Napoli ($690m)
34. Philadelphia Union ($685m)
35. Benfica ($675m)
36. Charlotte FC ($655m)
37. Columbus Crew ($650m)
38. FC Cincinnati ($645m)
39. Minnesota United ($640m)
40. Nashville FC ($635m)
41. Sporting Kansas City ($630m)
42. New York Red Bulls ($615m)
43. RB Leipzig ($610m)
44. Aston Villa ($600m)
45. Atalanta ($695m)
46. Eintracht Frankfurt ($580m)
47. Flamengo ($570m)
48. Monterrey ($565m)
49. San Jose Earthquakes ($560m)
50. Houston Dynamo ($550m)
Topics: Football, Premier League, Manchester United, Real Madrid, Barcelona, Liverpool, Arsenal, Tottenham Hotspur, Chelsea, Manchester City, Atletico Madrid, MLS
Rory O'Callaghan