Manchester United remain world's richest club

Old Trafford
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Forbes lists Manchester United as the richest football club in the world.

Manchester United have retained their status as the world's wealthiest football club, topping the Forbes rich list once again.

The business publication valued the Red Devils at a record $2.24 billion (£1.4bn), but Spanish giants Real Madrid and Barcelona were not ranked far behind.

Real took second place with an estimated worth of $1.88bn (£1.2bn), while their La Liga rivals came in third with $1.31bn (£817m).

"Manchester United's global fanbase of some 330m also helps makes it the most valuable team in any sport, worth $385m (£240m) more than both Major League Baseball's New York Yankees and the Dallas Cowboys of the National Football League," read the report on the Forbes website.

"During the 2010-11 season Manchester United reaped $192m (£120m) in broadcasting revenue, 22% higher than the previous season.

"The club's run last year to the final of the Champions League, where they lost to Barcelona, commanded an $80m (£50m) payout from UEFA. It will be more challenging for the Red Devils to boost revenue this year, as the team was stunned early in the Champions League by Basel."

Arsenal and Germany's Bayern Munich rounded off the top five clubs, valued over the $1bn (£624m) mark.

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