An analysis by KPMG has revealed that Serie A giants Juventus have been pushed out of the top 10 in this years Football Club’s Valuation.
The annual study by KPMG, one of the ‘big four’ accounting organisations, shows that Paris Saint-Germain has leapt to ninth place in the ranking and pushes Juventus down from their 10th place last year.
The study called ‘Football Club’s Valuation: The European Elite 2020’ analyses the business value of 32 major European clubs and the top two remain Real Madrid and Manchester United, first and second respectively.
Barcelona have overtaken Bayern Munich at third and PSG are the only introduction among the top 10 since last year’s results.
Liverpool climbed two placed, to fifth, and pushed Arsenal down to 10th place in the ranking, with Juventus now at 11th.
Further down the list, the next Italian club is Inter at 14th, whilst Roma trail the Milan giants by two places, just above Napoli at 17th.
Milan are to be found at 22nd, six places above Lazio.
KPMG's Football Club’s Valuation: The European Elite 2020
1. Real Madrid €3.478bn
2. Manchester United €3.342bn
3. FC Barcelona €3.193bn
4. Bayern Munich €2.878bn
5. Liverpool €2.658bn
6. Manchester City €2.606bn
7. Chelsea €2.218bn
8. Tottenham Hotspur €2.067bn
9. Paris Saint-Germain €1.911bn
10. Arsenal €1.852bn
11. Juventus €1.735bn
14. Inter €983m
16. Roma €602m
17. Napoli €590m
22. Milan €526m
28. Lazio €328m
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