The ten most valuable football clubs in the world in 2022

Real Madrid go into the final of the UEFA Champions League as Europe’s most successful club with 13 titles – and are now also at the top of the world football’s rich list.

The Spanish champions reclaimed their top spot with a valuation of $5.1bn (£4bn) according to the Forbes 2022 study of the world’s most valuable football clubs. That’s 7% more than last year and puts Los Blancos ahead of Champions League final opponents FC Barcelona, ​​​​Manchester United and Liverpool.

According to Forbes methodology, operating income shown is for the 2020-2021 season. “Team values ​​are corporate values ​​(equity plus net debt) and include the economics of the team’s stadium (but exclude the value of the real estate itself) based on comparable transactions,” the magazine said. “Sources include annual reports and documents from teams, team leaders, rating agency reports, sports bankers and the Deloitte Football Money League.”

Here we take a look at which clubs make up the top ten.


League, Spain

Karim Benzema scored Real Madrid's winning goal against Chelsea

Real Madrid: $5.1bn (£4bn)

The 13-time European champion last held the top spot in 2019, Forbes reported. Real Madrid was now the most valuable football team in six of the 18 rankings published by the magazine. Real, owned by club members, had an operating income of $90 million in 2020-21 and its valuation of $5.1 billion represents a 7% change in one year. Real is the sixth most valuable sports team in the world behind the Dallas Cowboys, New York Yankees, New York Knicks, Golden State Warriors and Los Angeles Lakers. They will earn more than $100 million from their run to the Champions League final.


League, Spain

The women's match between Barcelona and Real Madrid at the Camp Nou saw a record attendance

FC Barcelona: $5.1bn (£4bn)

The Catalan giants are the second most valuable football club and tied with the NFL’s New England Patriots as the seventh most valuable team in any sport, Forbes said. Member-owned Barcelona had an operating income of $17 million and its $5.1 billion valuation represents a 5% change in one year.


Premier League, England

Erik ten Hag has been named Man Utd's new manager

Manchester United: $4.6bn (£3.65bn)

Man Utd have finished top 11 times, most recently in 2018, Forbes said. The Glazer family-owned Red Devils had operating income of $128 million and their $4.6 billion valuation represents a 10% change in one year.


Premier League, England

Liverpool boss Jurgen Klopp

Liverpool: $4.45bn (£3.53bn)

Owned by Fenway Sports Group, Liverpool had operating income of $104 million and their valuation of $4.45 billion represents a 9% change in one year. The Reds have been boosted by “impressive matchday earnings and performances on the pitch”, according to the Daily Mail.


Bundesliga, Germany

Bayern beat PSG in the 2020 Uefa Champions League final

Bayern Munich: $4.275bn (£3.4bn)

Bayern are another club owned by members. The German champions had an operating profit of $102 million – their valuation of $4.275 billion represents a one-year change of 1%.


Premier League, England

Man City won the Premier League title in 2021-2022

Manchester City: $4.25bn (£3.37bn)

It was a good season on the pitch for Pep Guardiola’s Man City, who defended their Premier League title by finishing just a point ahead of English rivals Liverpool. Off the field, City had $156 million in operating income last year and their $4.25 billion valuation represents a 6% change over the year.


League 1, France

PSG President Nasser Al-Khelaifi and Lionel Messi

Paris Saint-Germain: $3.2bn (£2.54bn)

The high-spending PSG can boast of having the likes of Kylian Mbappe, Neymar and Lionel Messi in their ranks. The French champions, owned by Qatar Sports Investments, posted an operating loss of $102 million and their $3.2 billion valuation represents a 28% change in one year.


Premier League, England

Chelsea FC flag

Chelsea: $3.1bn (£2.46bn)

Chelsea, soon to be owned by a consortium led by American businessman Todd Boehly, had operating income of $45 million and its valuation of $3.1 billion represents a -3% change over the year.


Serie A, Italy

Juventus fans

Juventus: $2.45bn (£1.94bn)

Nicknamed the “Old Lady,” Juve is owned by the Agnelli family and is valued at $2.45 billion — a 26% change in one year. The Italian giants had an operating profit of $26 million.


Premier League, England

Harry Kane

Tottenham Hotspur: $2.35bn (£1.86bn)

Next season, Spurs return to the Champions League after finishing fourth in the Premier League ahead of rivals Arsenal. The north London club is valued at $2.35 billion by Forbes – a 2% change in one year. They had operating income of $127 million in the 2020-21 season.

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