Forbes released their list of the most valuable football clubs in the world with five Italians in the top 20.

The countdown is announced once a year and calculates the revenue generated by each club.

Real Madrid top the table with a current value of $3.44 bilion and are followed by Barcelona at $3.2 billion.

Forbes released their list of the most valuable football clubs in the world with five Italians in the top 20.

The countdown is announced once a year and calculates the revenue generated by each club.

Real Madrid top the table with a current value of $3.44 bilion and are followed by Barcelona at $3.2 billion.

Milan are considered the most valuable Italian club at $856m in eighth place, behind Manchester United, Bayern Munich, Arsenal, Chelsea and Manchester City.

Juventus come next in ninth place at a value of $850m and Liverpool complete the top 10.

The other Italian sides in the top 20 are Inter in 14th place at $483m, Roma in 19th at $307m and Napoli 20th at $296m.

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