Manchester United and Real Madrid are tied as world football’s commercial and financial powerhouses, according to a new rich list, according to a report on the Daily Mail.
Both clubs have a value of just over £2.2bn each, putting them just ahead of third-placed Barcelona in the KPMG survey.
Real continue to capitalise on their proud tradition of success and large global fanbase to generate revenue, while United have benefited from lucrative domestic and global Premier League TV deals.
The presence of five English clubs – United, Arsenal, Manchester City, Chelsea and Liverpool – in the top 10 of the ranking owes much to television revenue, which is set to increase further from next season.
The study also shows how Real, United and Barcelona have far and away the greatest commercial pull around the world, with the value of those three clubs representing one-third of the near-£20bn cumulative value of the 32 clubs listed.
Barcelona come in third on the ranking with an enterprise value of £2.09bn, followed by German champions Bayern Munich on £1.63bn and Arsenal on £1.26bn.
Man City are sixth on £1.23bn, Chelsea seventh on £1.1bn and Liverpool eighth on £0.96bn. Juventus and Paris Saint-Germain round out the top 10, with Tottenham 12th and Everton 16th.
With a total enterprise value of over £7.6bn, the seven English clubs on the list account for almost 40 per cent of the overall total of £19.99bn.
Andrea Sartori, KPMG’s global head of sports and the author of the report, said: ‘Thanks to the deal signed by the English Premier League at the beginning of 2015 the difference in terms of broadcasting revenues among the leading European leagues and the Premier League has widened significantly, despite the booming price of domestic broadcasting rights across other parts of Europe.’