Manchester United Football Club has been ranked ahead of fellow Premier League sides Arsenal, Chelsea and Liverpool as the most valuable club in the world according to Forbes Magazine’s latest list.
The United franchise, owned by the Glazer family, is valued at $1.86bn ahead of Spanish giants Real Madrid in second, valued at $1.4 bn, and Arsenal in third at $1.19 bn.
Chelsea only come in at seventh with Liverpool ninth. The average value of the 20 clubs on the list increased by $640m whilst operating income grew by 25% on average to $40m.
United’s increased commercial revenue of $122m was attributed to new deals with Turkish Airlines, Betfair and several telecommunications companies as well as increasing brand power with 333m fans worldwide and over 12m Facebook fans.
Whilst English clubs occupy four of the top 10 spots, United, Chelsea and Arsenal all failed to make a profit in their latest accounts with the Red Devils revealing record losses for the year ending June 2010.