Barcelona were second on the list with a value of $3.5 billion, also up 12 percent from last year. Manchester United ($3.3 billion), Bayern Munich ($2.7 billion) and Arsenal ($2 billion) rounded out the top five.
According to Forbes, the 20 most valuable football teams are worth an average of $1.44 billion, a 24 percent jump from last year that was driven by new lucrative television deals.
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(Reporting by Frank Pingue in Toronto; Editing by Mark Lamport-Stokes)
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