There are four Serie A representatives in the world’s 20 most valuable clubs: Juventus, Milan, Inter and Napoli.

The list was announced by financial experts Forbes, who confirmed Real Madrid on top for the third year running, valued at €2.871bn.

Barcelona are second, followed by Manchester United, Bayern Munich, Manchester City, Chelsea, Arsenal and Liverpool.

Juventus are the highest-placed Italian club, valued at €737m and that is sure to rise after reaching the Champions League semi-final.

There are four Serie A representatives in the world’s 20 most valuable clubs: Juventus, Milan, Inter and Napoli.

The list was announced by financial experts Forbes, who confirmed Real Madrid on top for the third year running, valued at €2.871bn.

Barcelona are second, followed by Manchester United, Bayern Munich, Manchester City, Chelsea, Arsenal and Liverpool.

Juventus are the highest-placed Italian club, valued at €737m and that is sure to rise after reaching the Champions League semi-final.

Milan are the 10th most valuable club in the world at €682m, despite recently posting a loss of €91m.

Of the other Italians, Inter are in 15th place with a value of €386m and Napoli 17th at €310m.

Roma had been in the top 20, but fell out of that list this year.

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