According to Forbes, Real Madrid is the most valuable football club in the world. Los Blancos are valued at $5.1 billion — $350 million more than last year, so their worth has gone up by 8%.

Barcelona are second in the list, valued $100 million less than Real Madrid.

Interestingly, neither Manchester City ($4.25B), nor Paris Saint-Germain ($3.3B), made it to the top 5, despite being owned by sheikhs rather than club members, as in the case of La Liga sides.

Manchester United ($4.6B) and Liverpool ($4.45B) rank 3rd and 4th respectively. Bayern Munich (4.26B) complete the top 5 most valuable football clubs.