Top 10 most valuable clubs power rankings

As the 2023/24 season draws to a close, the top ten most valuable clubs in world football have shifted once again.

For better or worse, there is now a mind-bogglingly enormous amount of cash swilling around the beautiful game.

From the absurdities of the transfer market, to ever-climbing ticket prices and various clubs’ novel ways of putting their logo on products, the cash is flowing into the sport from all directions.

So with no further ado, let’s examine the top 10 most valuable clubs in football.

Top 10 most valuable clubs: ranked

10. Chelsea – £2.78bn

Despite their on-pitch struggles, Chelsea’s rough patch doesn’t seem to have hit their value yet. 

The Blues were bought for £2.5bn in 2022 by Clearlake Capital, and their presence in the top ten is in part due to the Americans’ heavy investment in the playing squad, with over £1bn spent already.

Chelsea have also only spent one season out of Europe, have large sponsorship deals and have a global fanbase. The biggest thing holding Chelsea’s growth back is the inferiority of Stamford Bridge to more modern grounds.

9. Spurs – £2.79bn

Despite being known for not winning anything on the pitch, Tottenham Hotspur are very much winning off it.

The Lilywhites’ growth in valuation in recent years is largely on account of their incredible stadium. 

Spurs have cracked the top 10 most valuable clubs
The Tottenham Hotspur Stadium is world class – Photo by Icon Sport

As well as adding tens of thousands more supporters to gate receipts, Spurs’ ground has world class concessions, making the spend per fan far higher than others on this list. Their ground has also hosted huge concerts, such as Beyonce and Travis Scott’s world tours.

Spurs have also been a consistent presence in European football in the last decade, adding more to their value.

8. Arsenal – £3.13bn

One of the biggest moves in this year’s list is Arsenal’s overtaking of North London rivals, Spurs. 

The Gunners went through a period of stagnation, but are back on an upward trajectory. Back in the Champions League, Arsenal are capitalising on their strong global brand.

Bukayo Saka and co have fired Arsenal back up the list – Photo by Icon Sport

The Emirates Stadium continues to rake in the cash, and Arsenal have a squad worth nearly £1bn alone, thanks to the likes of Bukayo Saka, William Saliba and Declan Rice.

The Gunners will likely climb higher as they establish themselves back at the top of the game.

7. Paris Saint-Germain – £3.24bn

Despite failing to reach Champions League glory once again, PSG have built a strong global brand.

Through collaborations with Jordan, and the presence of superstars like Kylian Mbappe, Lionel Messi and Neymar, Les Parisiens are recognisable everywhere.

PSG also plan to build a new ground away from the municipally-owned Parc des Princes, which could grow their revenues further.

6. Manchester City – £3.8bn

Manchester City have steadily climbed this list in the last decade. 

They have the most valuable squad in the world, have expanded the Etihad Stadium and have seen a big jump in commercial revenues in recent years, as new fans recognise the Sky Blues as serial winners.

Manchester City were treble winners last season – Photo by Icon Sport

They may not have the heritage of other clubs on this list, but the Citizens will keep climbing the longer they keep winning.

5. Bayern Munich – £3.84bn

The hegemon of German football, Bayern Munich are a commercial juggernaut.

The Allianz Arena is one of Europe’s great stadiums, they always make deep runs into the Champions League and have a surprisingly strong global presence thanks to their successful international pre-season tours.

Bayern have a clutch of uber-valuable players in their squad, and though they may have finally loosened their iron-clad grip on the Bundesliga, Bayern are going nowhere anytime soon.

4. Liverpool – £4.09bn

Often held up as the model for sustainable development in the Premier League, Liverpool have steadily grown their value for the last decade.

They have expanded and renovated Anfield, have huge endorsement deals with the likes of Nivea and are reaping the benefits of their successes in recent years with growing ranks of fans overseas.

Liverpool are a unique club, and that is a key part of their appeal. It is a credit to owners Fenway Sports Group that their identity has not gotten lost in their expansion.

3. FC Barcelona – £4.23bn

Barcelona may be in a state of perpetual financial crisis, with Joan Laporta finding ever-stranger ‘levers’ to pull, but they are still an astronomically valuable asset.

The Spotify Camp Nou, will boost revenues – Photo by Icon Sport

Barcelona have huge broadcasting revenues from their everpresence at Europe’s top table, have a strong identity on and off the pitch that fans love to buy into and recently signed a huge sponsorship deal with Spotify.

2. Real Madrid – £4.85bn

Pulling away from their Clasico rivals, Real Madrid are one of the most successful clubs on the pitch, and are similarly successful off it.

Los Merengues have arguably the greatest and most lucrative stadium in football, following the Bernabeu’s renovations. They have an incredibly valuable squad, huge sponsorship deals, and fans from all four corners of the world are always eager to spend to be a part of the success.

1. Manchester United – £4.96bn

Manchester United are eighth in the Premier League at time of writing. But they are still the most valuable club on Earth.

The Red Devils have the largest fanbase in the world, an 82,000 seater stadium, and despite their struggles have been in Europe for over 40 consecutive seasons.

Manchester United are still one of the most recognisable brands in the world – Photo by Icon Sport

On account of their huge fanbase, United also have enormous commercial deals.

With INEOS now at the helm, supporters will be hoping that the club’s huge wealth may be better spent.

Top 10 most valuable clubs: Honourable mentions:

Juventus – £1.42bn

The highest ranked Italian side, Juventus’ financial dominance of their homeland has not been affected by their few seasons without a Scudetto.

Los Angeles FC – £0.92bn

LAFC are the most valuable MLS club, and are ranked above Inter Milan, West Ham and Ajax. 

MLS clubs have seen their valuations jump thanks to the Messi effect – Photo by Icon Sport

Admittedly this is based on the LA-based club’s potential earnings, but there is much room for growth. Based in one of the globe’s most iconic cities and with the Messi effect turbocharging the growth of football stateside, LAFC are one to watch.

Avatar of William Evans
William Evans

William Evans is a football and politics fanatic. A first-class graduate of UEA's Broadcast and Digital Journalism MA course, he also achieved a first class degree in politics and media studies during his time at UEA.