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    Barcelona overtakes Real Madrid for the title of ‘The Most Valuable Club’, according to the Forbes

    According to a list released by business magazine Forbes on Monday, Barcelona is said to have surpassed Spanish rivals Real Madrid. The Catalan team is now considered to be the most valuable football club in the world, with a valuation of $4.76 billion.

    Spanish club, Real Madrid has placed second with a valuation of $4.75 billion.

    Barcelona is ranked 4th in the world’s most acclaimed sports unit. Ranked above them are the Dallas Cowboys ($ 5.7 billion), the New York Yankees ($ 5.25 billion), and the New York Knicks ($ 5 billion).

    Some worrisome news for Barcelona

    However, the report contains some worrisome news. Barcelona has increased its value by 34% over the last five years, and Madrid seems to have increased by 30%. Nonetheless, teams such as Paris Saint-Germain, Liverpool, and Manchester City have all progressed by more than 100% over the last five years.

    According to Forbes, despite the impact of the COVID 19 pandemic on last season’s Matchday revenues, the average of the top 20 clubs increased 30% from two years ago to $ 2.28 billion, last season’s 2017. 

    Mike Ozanian, the assistant managing editor of Forbes wrote “The pain is far from over, with a worsening decline in matchday revenue during the current season, as most of the teams in Europe’s top leagues still permit few fans to attend games”.

    Ranked third in the list are European champions Bayern Munich ($4.215 billion), with Premier League “Big Six” Manchester United, Liverpool, Manchester City, Chelsea, Arsenal, and Tottenham Hotspur in the top ten.

    However, Barcelona will be happy with their placement as they emerge from the financial crisis the coronavirus pandemic had on them which shook the club by its foundation. 

    They hope that a better time will come and Xavi Hernandez will be able to help the club return to the legitimate place of the elite.

    Read More: FIFA Laws Could Witness Deals Like Haaland’s Outlawed

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