Manchester United's value revealed with £230m boost

Manchester United's value has increased to $6.2billion (£4.96bn), making them the most valuable football club in the world.

That is according to figures collected by Sportico, whose data has seen United's value increase by £230m over the past 12 months. Real Madrid are second on the list, valued at $6.06bn.

Barcelona ($5.28bn), Liverpool ($5.11bn) and Bayern Munich ($4.8bn) have joined United and Madrid in the top five. United and Liverpool are two of nine Premier League clubs who have made it into the top 50.

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Manchester City have a value of $4.75bn (£3.8bn), according to the report. That has positioned them sixth on the list.

Sportico reach their findings by calculating revenue streams based on figures published by club accounts. Revenue figures take three categories into account: broadcast, commercial and matchday.

Broadcast is comprised of both domestic and international media deals, plus competition prize money. Commercial revenue is based on various avenues, such as income from sponsorships, advertising, corporate hospitality, catering and non-matchday events, with kit and stadium sponsorship agreements helping to boost these figures.

Furthermore, Sportico say they use "team-specific multipliers" which they describe as being "based on multiple factors, including historical sales, market (size, saturation and interest by prospective owners), strength of brand, on-field performance (historical and recent), terms of facility lease, debt burden and additional obligations, as well as expected future team and league economics."

External factors are