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Real Madrid star Cristiano Ronaldo.

Real pip Barca as football's most valuable club but Arsenal have entered the top 5

Eight English clubs feature in the top 20.

REAL MADRID HAVE edged Barcelona to be ranked as world football’s most valuable club for a fourth consecutive year, while Arsenal have climbed into the top five.

Business publication Forbes have released their 13th annual list, with Champions League finalists Madrid now judged to be worth $3.65 billion, an increase on their $3.26bn from last year’s list.

Barcelona are not far behind, with their value at $3.56bn, while Premier League side Manchester United remain third on $3.32bn.

German champions Bayern Munich stay fourth with their worth now up to £2.68bn, while Arsenal have jumped from seventh to fifth after their value surged from $1.31bn up to $2.02bn over the last year.

Manchester City ($1.92bn) drop to sixth, while Chelsea ($1.66bn) slip to seventh due to the Gunners’ rise and Liverpool ($1.55bn) stay eighth.

Serie A winners Juventus are ninth on $1.3bn, while Tottenham ($1.02bn) replace AC Milan ($825m) — who drop to 12th — as the sixth English club inside the top 10.

Borussia Dortmund ($836m) are 11th and French champions Paris Saint-Germain ($814m) have dropped a place to 13th. Schalke stay 14th on $655m, while Atletico Madrid ($633m) are in 15th position.

Recently relegated Newcastle United ($383m) make the top 20 as they sit below Inter ($559m), West Ham ($542m), Roma ($508m) and Napoli ($396m).

Real Madrid’s standing as football’s most valuable club places them second in the sporting world, with only NFL team the Dallas Cowboys ($4bn) rated higher.

Forbes’ 20 most valuable clubs in world football:

1. Real Madrid — $3.65bn
2. Barcelona — $3.56bn
3. Manchester United — $3.32bn
4. Bayern Munich — $2.68bn
5. Arsenal — $2.02bn
6. Manchester City — $1.92bn
7. Chelsea — $1.66bn
8. Liverpool — $1.55bn
9. Juventus — $1.3bn
10. Tottenham Hotpsur — $1.02bn
11. Borussia Dortmund — $836m
12. AC Milan — $825m
13. Paris Saint-Germain — $814m
14. Schalke — $655m
15. Atletico Madrid — $633m
16. Inter Milan — $559m
17. West Ham United — $542m
18. Roma — $508m
19. Napoli — $396m
20. Newcastle United — $383m

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    Mute Lad
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    May 12th 2016, 11:25 AM

    Newcastle and PSG only separated by 7 places! Thats cat..

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    Mute Hólec Alfield
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    May 12th 2016, 11:24 PM

    And half a billion Euro.

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    Mute john f
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    May 12th 2016, 11:35 AM

    No surprise arsenal in top five as arsene is as right as a ducks ar$e,would have been ironic if they were 4th,usual position in the league

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    Mute Fionn Bohane
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    May 12th 2016, 11:32 AM

    How do they value the clubs? Is it market price? Assests? Or a bit of both?

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    Mute Barry Mullane
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    May 12th 2016, 11:58 AM

    That’s Wenger’s job safe for another few years.

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    Mute TheIrishArse
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    May 12th 2016, 3:16 PM

    Outside the top four? This is our worst season ever!!

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    Mute Roly
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    May 13th 2016, 3:25 PM

    Arse-nil were second most valuable in January but dropped to 5th by may ..lol..lol

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    Mute Joe Bloggs
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    May 12th 2016, 1:05 PM

    Newcastle in the top 20 most valuable but won’t even be in the top 20 in England next season!

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    Mute Nick O Donnell
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    May 12th 2016, 11:47 AM

    The Dallas Cowboys are almost the NFL equivalent of Newcastle too! As pound for pound results go, that’s the most shocking on the list

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    Mute Robert O Farrell
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    May 12th 2016, 1:21 PM

    Imagine if united had a decent side. All this talk of them being finished is laughable. They might have a brutal team & useless manager at present but they are still a beast in global sports. All they need now is a mgr who knows his arse from his elbow

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    Mute Mark Nugent
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    May 12th 2016, 1:35 PM

    Yea Robert but it still doesn’t spot tje idiots here call Utd the new Leeds etc etc ..

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    Mute Aimoo
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    May 12th 2016, 1:43 PM

    United do have a decent side its just the manager who has lost the plot in recent years.

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    Mute John Ryan
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    May 12th 2016, 2:03 PM

    Imagine how much they would be worth if the Glazers were not taking money out of the club .

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    Mute Alan b
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    May 12th 2016, 4:13 PM

    Lol mark what are you trying to say?

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    Mute John Hogan
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    May 13th 2016, 1:15 AM

    Imagine if had Newcastle had a decent side, imagine if Blackpool had a decent side… They’d be a decent side.. What’s the point of this?

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    Mute Declan Snow
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    May 12th 2016, 12:41 PM

    This is the table that the arsenal board are interested in. Wenger does a great job for them steering their Business. To them it’s a Business not a football club so once the bottom line is healthy and continually growing they don’t care that the trophy cabinet is gathering dust.

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    Mute Aimoo
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    May 12th 2016, 1:42 PM

    That last suitcase full of money to the ref last week from barca tipped it into Real’s favour.

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    Mute Tiarnan Guinée
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    May 12th 2016, 5:54 PM

    Cannot wait for that coveted 4th spot.

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