Manchester United have fallen outside of the top three richest clubs in the world while Liverpool have climbed three places, according to Forbes.
European champions Bayern Munich have moved above Ole Gunnar Solskjaer’s Red Devils, who have slipped down to fourth place despite being valued at £3.05billion.
The Reds recently struck a deal with private equity firm RedBird Capital, which saw Liverpool owners Fenway Sports Group sell a 10 per cent stake of their business for £538million.
Manchester City manager Pep Guardiola may have a huge budget to work with compared to Jurgen Klopp at Liverpool, but the Citizens are valued at £2.91billion.
Chelsea, meanwhile, are valued at £2.33billion and Arsenal at £2.04billion.
Last season’s Champions League finalists and French giants Paris Saint-Germain have been ranked ninth, while Tottenham bring up the rear in tenth and are valued at £1.67billion.
Here’s the full list below, according to Forbes.
1. Barcelona – $4.76billion (£3.46bn)
2. Real Madrid – $4.75billion (£3.46bn)
3. Bayern Munich – $4.22billion (£3.07bn)
4. Manchester United – $4.2billion (£3.06bn)
5. Liverpool – $4.1billion (£2.98bn)
6. Manchester City – $4billion (£2.91bn)
7. Chelsea – $3.2billion (£2.33bn)
8. Arsenal – $2.8billion (£2.04bn)
9. Paris Saint-Germain – $2.5billion (£1.82bn)
10. Tottenham Hotspur – $2.3billion (£1.67bn)