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Annual study by KPMG (one of ‘big four’ accounting organizations), called “Football Club’s Valuation: The European Elite 2020” analysed the business value of 32 major European clubs, with Real Madrid emerging the list as the most valuable football club in Europe.
Manchester United at 2nd while Barcelona completed the top 3 European most valuable clubs.
Biggest surprise was Serie A giants Juventus pushed down from their 10th spot last year to now 11th, after Arsenal overtook them. The most valuable European clubs by KPMG are as follows:
1. Real Madrid €3.478bn
2. Manchester United €3.342bn
3. FC Barcelona €3.193bn
4. Bayern Munich €2.878bn
5. Liverpool €2.658bn
6. Manchester City €2.606bn
7. Chelsea €2.218bn
8. Tottenham Hotspur €2.067bn
9. Paris Saint-Germain €1.911bn
10. Arsenal €1.852bn
11. Juventus €1.735bn
12. Dortmund €1.281bn
13. Atletico Madrid €1.197bn
14. Inter €983m
15. Schalke 04 €814m
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