Real Madrid has been named the most valuable football club in Forbes’ annual list

Real Madrid have been named the most valuable club in world football, with Barcelona pipping Manchester United into second place.

Forbes annual list, outsiderReal Madrid are worth $9.5bn (£7.06bn), up from £6.75bn (£5.02bn) a year ago, with Barcelona second on $7.5bn (£5.57bn) and Manchester United third on $7.2bn (£5.35bn).

United’s revenue was $865m (£643m) for the 2024–25 season, a campaign in which they finished 15th in the Premier League and lost in the Europa League final.

The Premier League has six teams in the top ten and 11 in the top 30.

Liverpool, who win the English title in the 2024-25 season, are in fourth place with a value of $6.2bn (£4.61bn) while Manchester City have dropped from fifth to seventh place at $5.5bn (£4.09bn).

Bayern Munich are in sixth place ($5.7bn, £4.24bn) but 2024-25 European champions Paris Saint-Germain ($5.8bn, £4.31bn) have moved up from seventh to fifth.

Arsenal ($5.4bn, £4.01bn) are eighth, Chelsea ($4.2bn, £3.12bn) ninth and Tottenham ($3bn, £2.23bn) tenth.

However, the Gunners could well move up the table next year as they win the Premier League for the first time in 22 years and play PSG in the Champions League final on Saturday.

While Real Madrid and Barcelona occupy the top two spots, the only La Liga club in the top 30 is Atletico Madrid in 11th place.

With 11 teams in the top 30, the Premier League is the most representative competition. The list includes seven Major League Soccer teams, along with four from Italy’s Serie A, three from the German Bundesliga, and one each from France’s Ligue 1 and Portugal’s Primeira Liga.

On average, the 30 teams are worth $2.9bn (£2.15bn), a 21% increase from the 2025 record of $2.4bn (£1.78bn).

Other Premier League teams in the top 30 are Aston Villa ($1.4bn, £1.04bn), Newcastle United ($1.25bn, £935m) in 19th, Everton ($930m, £692m) in 25th, Fulham ($920m, £920m) in 27th ($910m, £678m).