Most valuable clubs in the world revealed: Spurs ranked above Arsenal 

Forbes has ranked Arsenal as the 10th most valuable club in the world with a value of $2.6 billion. Real Madrid ($6.6 billion) retained the top spot on the list.

Real topped the ranking for the third consecutive year and for the eighth time in the past 11 years.

Forbes credited Los Blancos’ ‘unmatched performance’ on the pitch, which includes the club winning four of the last eight Uefa Champions Leagues and two LaLiga titles in three seasons.

Man United are second with $6.5 billion, followed by Barcelona, Liverpool and Man City. Surprisingly Tottenham are ranked eighth above the Gunners with $3.2 billion.