Richest football clubs in the world

Manchester United have been unveiled as the third most valuable club in world football, with Manchester City, Chelsea, Arsenal and Liverpool all making the top eight.

According to the Forbes' top 20 list, Real Madrid are the most valuable team for the third year running ahead of La Liga rivals Barcelona who are in second.

Los Blancos are valued at $3.26bn (£2.13bn) - five percent less than in 2014, while Barca are have a value of $3.16bn (£2.07bn).

1 Real Madrid - $3.26billion (£2.13billion)

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2 Barcelona - $3.16billion (£2.07billion)

3 Manchester United - $3.10billion (£2.03billion)

4 Bayern Munich - $2.35billion (£1.54billion)

5 Manchester City - $1.38billion (£905million)

6 Chelsea - $1.37billion (£898million)

7 Arsenal- $1.31billion (£859million)