Europa League champions Manchester United have been named the most valuable club in the world by auditing firm KPMG.
United finished ahead of Spanish duo of Real Madrid and Barcelona, who came in second and third respectively.
The analysis of the most valuable clubs in the world ascribed a value to each, based on broadcasting rights, profitability, popularity, sporting potential and stadium ownership.
Bayern Munich in fourth and Manchester City in fifth complete the top five.
Below is the chart of the ten most valuable clubs in the world.
Manchester United -3.09bn euros
Real Madrid – 2.97bn euros
Barcelona – 2.76bn euros
Bayern Munich – 2.44bn euros
Manchester City – 1.97bn euros
Arsenal – 1.95bn euros
Chelsea – 1.59bn euros
Liverpool – 1.33bn euros
Juventus – 1.21bn euros
Tottenham – 1.01bn euros