Real Madrid retain position as richest football club in Europe

Football clubs in Europe have been ranked according to their net worth and value.

In the recent rankings released on Tuesday, five Premier League teams made the list showing the dominant nature of the English game.

A shocking exclusion was French giant, Paris Saint Germain, who failed to make the list despite the high spending Qatar Investment Authority.

However, no clubs from Turkey, Russia, Holland and Belgium made the cut.

English side, Manchester City overtook Bayern Munich as the fourth richest club after it was announced that parent company, City Football Group, had agreed to sell 13 percent stake to a Chinese consortium.

It is El Clasico at the top with Real Madrid retaining their place as the richest club in the world with a value of £2.161billion.

They are closely followed by arch rivals, Barcelona, valued at £2.095bn.

Manchester United lead the English quintet on third with a value of £2.056bn, closely followed by rivals, City on fourth with £1.987bn.

Bayern with a value of £1.555bn, are fifth, while Chelsea, Arsenal and Liverpool with £907m, £865m and £650m are sixth, seventh and eighth respectively.

Italian duo, Juventus and AC Milan, complete the top ten with values of £554m and £513m respectively.