Manchester United named the most valuable club in the world

Real Madrid have been overtaken as the most valuable football club in the world 

A report by KPMG states Manchester United is more valuable than Madrid and Barca

Madrid and United were formerly worth €2.9bn at the end of the 2015-16 season

A report by the KPMG auditors has placed Manchester United as the most valuable football club in Europe ahead of Real Madrid and Barcelona

The Red Devils are valued at €3.004 billion (£2.61bn), ahead of both Real (€2.895bn) and Barcelona (€2.688bn).

Manchester United are the current Europa League holders

The auditors estimated that Madrid and United were worth €2.9bn at the end of the 2015-16 season.

Champions League finalist Real Madrid have been overtaken as the most valuable club in the world

Bayern Munich worth €2.367bn are fourth on the list and Manchester City coming in at fifth at €1.909bn.

Bayern Munich are the fourth most valuable club in the world

Arsenal, Chelsea, Liverpool, Juventus and Tottenham Hotspur complete the top 10.

The world's 15 most valuable football clubs:

1. Manchester United (€3.004bn)

2. Real Madrid (€2.895bn)

3. Barcelona (€2.688bn)

4. Bayern Munich (€2.367bn)

5. Manchester City (€1.909bn)

6. Arsenal (€1.882bn)

7. Chelsea (€1.524bn)

8. Liverpool (€1.260bn)

9. Juventus (€1.158bn)

10. Tottenham Hotspur (€978m)

11. Paris Saint-Germain (€948m)

12. Borussia Dortmund (€917m)

13. Atletico Madrid (€771m)

14. Schalke (€663m)

15. AC Milan (€504m)