Real Madrid are, for the fourth consecutive year, the most valuable football club in Europe, according to The European Elite 2022 report which has been produced by Football Benchmark.
Madrid are the only club worth more than three billion euros, followed by Manchester United (2.88 billion euros) and Barcelona (2.81 billion euros), who have dropped one position compared to last year.
Here are the top 15 clubs in terms of valuation.
15. AC Milan (578 million euros)
14. Inter (996 million euros)
13. Borussia Dortmund (1.22 billion euros)
12. Atletico Madrid (1.23 billion euros)
11. Arsenal (1.58 billion euros)
10. Juventus (1.59 billion euros)
9. Tottenham Hotspur (1.91 billion euros)
8. Paris Saint-Germain (2.13 billion euros)
7. Chelsea (2.17 billion euros)
6. Manchester City (2.48 billion euros)
5. Liverpool (2.55 billion euros)
4. Bayern Munich (2.74 billion euros)
3. Barcelona (2.81 billion euros)
2. Manchester United (2.88 billion euros)
1. Real Madrid (3.18 billion euros)