Manchester United were valued at $3.69 billion, an 11 percent jump compared to last year.
Barcelona were second on the list with a value of $3.64 billion while Real Madrid, who held top spot for the last four years, fell to No. 3 on the list, valued at $3.58 billion.
Rounding out the top five are Bayern Munich at No. 4 with $2.71 billion and Manchester City at No. 5 with $2.08 billion.
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