In figures compiled by Sportico, via The Athletic, United are valued at $6.2billion, with Real Madrid ($6.06bn), Barcelona ($5.28bn), Liverpool ($5.11bn) and Bayern Munich ($4.8bn) completing the top five.

Los Angeles FC ($1.15bn) are the highest-ranked MLS club at 15th, with Atlanta United, Inter Miami, LA Galaxy and New York City FC all in the top 20.

The Premier League is the second-most represented league on the list with nine clubs in the top 50; however, their cumulative valuation of $29bn is almost double that of the 20 MLS clubs ($15.1bn).

La Liga clubs have the third highest league cumulative total at $13bn; but are represented by just three clubs (Real Madrid, Barcelona and Atletico Madrid) on the list.

Serie A have six clubs on the list but none in the top 10, with Juventus (11th, $1.77bn), Milan (14th, $1.2bn) and Inter (16th, $1.06bn) leading the valuations of Italian clubs.

However, the four represented clubs of the German Bundesliga ($7.6bn) eclipses the Serie A valuation ($6.1bn), with Ligue 1 ($4.8bn) ranking fifth among the European league clubs represented.

The top 50 also includes three Liga MX clubs (America, Guadalajara and Monterrey), alongside one club from the Dutch Eredivisie (Ajax), Portuguese Primeira Liga (Benfica) and Brazilian Serie A (Flamengo).

The Sportico model of club valuation is similar to the Forbes football rich list, which also monitors and calculates the total values of football clubs. Real Madrid were named the world’s most valuable club ahead of Manchester United in Forbes’ latest list, which was published in May 2023.

Sportico calculate revenue streams based on figures published by club accounts.