Forbes has named Real Madrid as the most valuable club in the world for 2022.
The LaLiga giants are reported to be worth $6.07 billion (£4.9bn).
Manchester United are in second place and are valued at $6bn (£4.8bn), while Barcelona who were ranked first in 2021, are third with a valuation of $5.51bn (£4.4bn).
Madrid increased their value in the past year by 19%, while United climbed 30%.
"The Spanish side has made it to five of the last nine lucrative Champions League finals, winning all of them," Forbes explained.
"Real Madrid has also secured nearly $400 million from Sixth Street and Legends as part of a 20-year deal to enhance revenue at its Santiago Bernabeu Stadium, which has been undergoing a massive renovation that is expected to be completed next year."
Six of the top 10 are Premier League sides, and seven of the top 30 clubs are from Major League Soccer.
Forbes' Top 10 Most Valuable Clubs
1. Real Madrid ($6.07bn)
2. Manchester United ($6bn)
3. Barcelona ($5.51bn)
4. Liverpool ($5.29bn)
5. Manchester City ($4.99bn)
6. Bayern Munich ($4.86bn)
7. Paris Saint-Germain ($4.21bn)
8. Chelsea ($3.1bn)
9. Tottenham Hotspur ($2.8bn)
10. Arsenal ($2.26bn)
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