Manchester United is the most valuable football club in the world, according to Forbes magazine's latest rankings.
Manchester United, which came second in a list compiled by accountants Deloitte in February, topped the table ahead of Real Madrid.
Forbes value United at £905 million ($1,800 million) and Real at £646 million ($1,285 million), with Arsenal at £603 million ($1,200 million) in third.
Liverpool is up to fourth from 11th in the 25-team list.
David Beckham replaced Ronaldinho as the world's highest-paid footballer after joining the Los Angeles Galaxy, earning £25 million per year ($48.9 million).
Tags: Manchester United Tops Forbes Rich List