Manchester United have been named the world's richest club.

Forbes Magazine's annual list sees the Old Trafford giants at the top of the tree having been valued at $4.12 billion, ahead of Real Madrid ($4.08 billion) in second and Barcelona ($4.06 billion) in third.

The La Liga rivals have swapped places from last year in the only change to the top 10.

Real slipped to third in 2017 having been top of the list for the previous four years.

The 10 most valuable football teams (in billions)

1. Manchester United ($4.12)

2. Real Madrid ($4.08)

3. Barcelona ($4.06)

4. Bayern Munich ($3.06)

5. Manchester City ($2.47)

6. Arsenal ($2.23)

7. Chelsea ($2.06)

8. Liverpool ($1.94)

9. Juventus ($1.47)

10. Tottenham Hotspur ($1.23)