Manchester United Ranked World's Second Most Valuable Football Club by Forbes

Manchester United has been named the world's second most valuable football club behind Real Madrid according to Forbes' 2023-24 valuations, with a value of $6.6 billion and revenue of $834 million despite a difficult recent on-field performance. Real Madrid leads for the fourth consecutive year at $6.75 billion, boosted by their Champions League success and becoming the first soccer club to surpass $1 billion in annual revenue. Manchester United's commercial strength persists due to their massive global fanbase, iconic brand built over decades, and the large capacity Old Trafford stadium, though the club has faced financial challenges including a £1 billion debt and losses of £113.2 million in 2023-24. The club's on-pitch struggles worsened in 2024-25 with a 15th place Premier League finish and Europa League final loss, resulting in no European football next season and significant broadcasting revenue declines. Cost-cutting measures have been implemented, including staff redundancies, and plans for a new £2 billion stadium at Old Trafford have been announced. Other leading clubs in the Forbes list include Barcelona, Liverpool, and Manchester City, with the Premier League having the most teams in the global top 30 valuation list.