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Manchester United fans
Manchester United fans have more reason to celebrate after their club was named the richest in the world by Forbes. Photograph: Alex Livesey/Getty Images
Manchester United fans have more reason to celebrate after their club was named the richest in the world by Forbes. Photograph: Alex Livesey/Getty Images

Manchester United top Forbes list of world's richest football clubs

This article is more than 12 years old
Manchester club are valued at an estimated £1.13bn
Real Madrid are second but Barcelona slip to fifth

Manchester United have been valued as the richest club in the world, according to Forbes 2011 Soccer Valuation, a new survey.

For the seventh consecutive year Manchester United is No1 on the Forbes list ranking the most valuable football teams, with a value of $1.86bn (£1.13bn).

Forbes released the list, which will be featured in the 9 May issue of the magazine, on Wednesday.

Real Madrid are again No2 with a value of $1.45bn, followed by Arsenal at $1.19bn, Bayern Munich at $1.1bn and Barcelona, who drop one spot to No5, with a value of $975m.

Forbes said it values teams based on what they have been sold for in the past relative to sales and profits, broadcast agreements and debt from new or pending stadium deals.

The magazine will also include articles on the highest-paid players and on Stan Kroenke, the American businessman who recently acquired a controlling interest in Arsenal.

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