Manchester United have been named the most valuable football club in the world, surpassing Real Madrid for the first time in KPMG's ranking of Europe's 32 biggest clubs.
The recently-crowned Europa League champions are estimated to be worth up to €3.2bn (£2.8bn) — making them the first club to surpass the €3bn threshold — in a report from the accountancy giant that takes into account profitability, popularity, sporting potential, TV rights and stadium ownership.
United were last year ranked equal with Real Madrid at the top of the pile and were warned that they needed to continue to win silverware if they were to remain at such heady heights.
Jose Mourinho was paying attention: in his first season in the Old Trafford hot seat United won the Community Shield, League Cup and the Europa League — a particularly profitable triumph.
United also benefited from the first season of the Premier League's record £8bn TV deal which has helped elevate five other English teams into the 10 most valuable, with even Tottenham surpassing Paris Saint-Germain into 10th place.
The North Londoners enjoyed the biggest rise in value of all the English clubs featured in last year’s ranking — jumping 24 per cent from £591m — and were named the second most profitable club in Europe behind Benfica.
"In terms of media rights value, the English Premier League sits comfortable at the top of European leagues, although other major leagues have outlined well-defined strategies to compete for the attention of global fan,” said KPMG’s global head of sports Andrea Sartori.
“However, unlike other factors, individual clubs' ability to influence their broadcasting income is often limited, despite the very evident impact this revenue stream has on their Enterprise Value."
Spurs’ London rivals Arsenal and Chelsea — valued at £1.7bn and £1.4bn respectively take up sixth and seventh place ahead of Liverpool in eighth with a £1.1bn value, but fall below Manchester City in fifth at £1.7bn.
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