Manchester United Retains Top Spot for Second Consecutive Year
NEW YORK (June 12, 2018) – Forbes today released its 15th annual list of the World’s Most Valuable Soccer Teams.  For the second consecutive year, Manchester United is the world’s most valuable soccer team, worth $4.12 billion, up from $3.69 billion last year. Manchester United generated revenues of $737 million during the 2016-17 season and nearly twice as much operating income than any other soccer team. English teams comprise eight of the twenty most valuable teams.
“The dominance of English teams on our list is in large part due to the Premier League having the richest broadcasting deals in soccer,” said Mike Ozanian, Assistant Managing Editor at Forbes Media. Manchester United is also by far the most profitable soccer team in the world, posting operating income of $254 million, $160 million more than runner-up Real Madrid.
Real Madrid comes in at No. 2 on the 2018 rankings, with a current value of $4.09 billion. Rounding out the top five are Barcelona (No. 3), Bayern Munich (No. 4) and Manchester City.

The 20 most valuable soccer teams this year are worth an average of $1.69 billion, 14% more than one year ago. Most of the appreciation in value is due to the decline in the value of the U.S. dollar relative to the Euro since last year. Measured in Euros, the average team is worth 1.43 billion, 5% more than a year ago.
Forbes’ Top 10 Most Valuable Soccer Teams of 2018:
2018
Rank
ClubLeagueCurrent Value
($mil)
1-year %
change U.S.
1Manchester UnitedBarclays Premier League4,12312
2Real MadridLiga BBVA4,08814
3BarcelonaLiga BBVA4,06412
4Bayern MunichGerman Bundesliga3,06313
5Manchester CityBarclays Premier League2,47419
6ArsenalBarclays Premier League2,23816
7ChelseaBarclays Premier League2,06212
8LiverpoolBarclays Premier League1,94430
9JuventusSerie A TIM1,47217
10Tottenham HotspurBarclays Premier League1,23717
Methodology: All revenues and operating income figures in our table are for the 2016-17 season, converted into U.S. dollars based on average exchange rates for the same period. Team values are enterprise values (equity plus net debt) and are based on exchange rates as of May 18, 2018. Operating income is earnings before interest, taxes, depreciation and amortization, player trading and disposal of player registrations. Debt includes long term borrowings and stadium debt recourse to the team.