Forbes magazine has rated Premier League leaders and Champions League finalists Manchester United as the most valuable football club in the world.

Forbes value United at £905m with Spanish giants Real Madrid in 2nd place at £646m and Arsenal in 3rd with a value of £603m.

Liverpool are up to fourth from 11th in the 25-team list, while Celtic are the only Scottish team, in 20th place.

There are another 7 English team in the top 24 including Spurs, Newcastle United and Chelsea who come in at number 8.

Meanwhile, David Beckham has replaced Ronaldinho as the world’s highest-paid footballer. The former Manchester United midfielder is earning £25m per year after joining Los Angeles Galaxy.