2017 World Most Valuable Club: Manchester United Leads… See Barcelona, Madrid, Arsenal and Chelsea New Position

Manchester United have overtaken Real Madrid to become the most valuable club in Europe, despite finishing sixth in the Premier League this season, according to a study by professional services firm KPMG.

The report, now it its second year, looked at the finances of the top 39 clubs in Europe based on their popularity on social media, revenues for 2014/15 and 2015/16 seasons and success in European competitions.

Despite two relatively disappointing seasons on the pitch between 2014 and 2016, United’s value surged clear of Real Madrid and Barcelona last year, becoming the first club to break the 3billion euros (£2.7bn) mark for enterprise value.

United not only make more money than any other football club in the world, they also have nearly half a billion pounds of debt.

Bayern Munich remain in fourth place, while Manchester City edge past Arsenal to take fifth spot, both with enterprise values of just under £1.7billion. Alisher Usmanov’s recently rebuffed bid for the latter valued the North London club at £1.54billion.

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