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According to Forbes, Real Madrid is the most valuable football club in the world, with a worth of $3.4bn (£2bn).

The La Liga side which is owned by its fans, grew 4% in value this year and came top ahead of another Spanish side, Barcelona ($3.2bn).

Forbes ranks Manchester United in third place, despite the English club taking an 11% tumble to $2.8bn. The other Premier League sides in the top 10 include Arsenal, Chelsea, Manchester City and Liverpool.

Bundesliga champions Bayern Munich, were deemed the fastest growing club, with a 41% increase in value to $1.9bn for 2014.

TOP TEN

1. Real Madrid – $3.44billion (£2billion)

2. Barcelona – $3.2billion (£1.89million)

3. Manchester United – $2.8billion (£1.65billion)

4. Bayern Munich – $1.85billion

5. Arsenal – $1.3billion (£0.7billion)

6. Chelsea – $868million (£511million)

7. Manchester City – $863million

8. AC Milan – $856million (£504million)

9. Juventus – $850million (£500million)

10. Liverpool – $691million (£407million)

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