Barney Ronay examines the list of the world's most valuable football clubs
It’s that list time of year again. Never mind the monotonous rhetoric surrounding the duopoly at the top of the Premiership – in the table that really counts, Manchester United are still well clear of the field. Forbes magazine’s annual survey of the world’s most valuable football clubs was published last month, once again ranking United miles ahead in first place with a valuation of £740 million. Real Madrid creep into second with a paltry £528m. Unexpectedly, Arsenal are third on £466m, a position that sits slightly confusingly alongside their status as the world’s most indebted football club thanks to the massive borrowings for the construction of the Emirates Stadium.