Manchester United are the most valuable football club in the world, according to Forbes magazine.
The Champions League finalists, who came second in a list compiled by accountants Deloitte in February, topped the table ahead of Real Madrid.
Forbes value United at Â£905m ($1,800m) and Real at Â£646m ($1,285m), with Arsenal at Â£603m ($1,200m) in third.
Liverpool are up to fourth from 11th in the 25-team list, while Celtic are the only Scottish team, in 20th place.
The other British representatives in the 25-team list are Chelsea in eighth, fellow Londoners Tottenham in 12th and 16th-placed Newcastle, while Everton, West Ham, Manchester City and Aston Villa occupy places 21-24.
Meanwhile, David Beckham has replaced Ronaldinho as the world's highest-paid footballer after joining the Los Angeles Galaxy, earning Â£25m per year ($48.9m).
The Brazilian had to be content with second place while his Barcelona team-mate Thierry Henry earned Â£12.5m in salary and sponsorship deals this season.
The above article was from BBC
I got the below from Forbes.com
Check out the column that shows the ration of Debt to Value. It's definitely not healthy, but we're doing quite alright in comparison to Valencia.
Revenues and operating income are for the 2006-07 season, converted into U.S. dollars based on June 30, 2007 exchange rates.
1Value of team based on current stadium deals (unless new stadium is pending) without deduction for debt (other than stadium debt).
2Includes stadium debt.
NM: Not Meaningful.
Sources: Deloitte & Touche; company documents; Forbes.