Manchester United have overtaken Real Madrid to become the most valuable football club in Europe, an analysis done by accountancy firm KPMG has revealed.
United became the first club to breach the three billion Euros-mark for enterprise value during the 2016/2017 season and are now worth three-point-one billion Euros, a seven percent increase on the previous year.
The increase came despite the Red Devils not taking part in the Champions League last season and finishing a disappointing sixth in the Premier League. Real Madrid dropped down to second place on the list after their enterprise value went up by only two percent to two-point-nine billion Euros.
The Spanish giants’ arch-rivals Barcelona remained in third place, with their enterprise value unchanged at two-point-seven billion Euros. Six English clubs made the top ten, with Manchester City in fifth, Arsenal sixth, Chelsea seventh, Liverpool eighth and Tottenham in tenth place.