Real dethroned as most valuable club

World News

Real Madrid have been dethroned as the world's most valuable club in the latest Forbes list, while Manchester United have fallen out of the top three.

On Monday, Forbes released its annual list of the world's most valuable football clubs and, for the first time in 16 years, neither Premier League side Manchester United nor LaLiga giants Real Madrid feature at the top of the standings.

Scroll through the gallery above to see the world's 10 most valuable football clubs

Instead, that honour belongs to FC Barcelona who, at a value of $4.76 billion (R69.47bn), have narrowly pipped Los Blancos to the top spot despite reported financial difficulties and the ongoing saga surrounding star-man Lionel Messi's future.

Real Madrid trail narrowly behind their arch-rivals with a reported value of $4.75 billion (R69.32bn) ahead of reigning European champions Bayern Munich, whose continued success has seen the club's stock rise to $4.215 billion (R61.52bn).

Manchester United, meanwhile, have dropped out of the top three but are still England's most valuable club at $4.2 billion (R61.30bn), although that gap has been closed significantly by the incumbent Premier League champions Liverpool, who rank fifth.

Four of the remaining five spots are occupied by teams from England's top flight, Manchester City, Chelsea, Arsenal and Tottenham Hotspur, with the quartet separated only by ninth-placed Paris Saint-Germain from France's Ligue 1.

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