An analysis by KPMG has revealed that Serie A giants Juventus have been pushed out of the top 10 in this years Football Club’s Valuation.

The annually study by KPMG, one of the ‘big four’ accounting organisations, shows that Paris Saint-Germain has leapt to ninth place in the ranking and pushes Juventus down from their 10th place last year.

The study called ‘Football Club’s Valuation: The European Elite 2020’ analyses the business value of 32 major European clubs and the top two remain Real Madrid and Manchester United, first and second respectively.

Barcelona have overtaken Bayern Munich at third and PSG are the only introduction among the top 10 since last year’s results.

Liverpool climbed two placed, to fifth, and pushed Arsenal down to 10th place in the ranking, with Juventus now at 11th.

Most valuable European clubs by KPMG

1. Real Madrid €3.478bn

2. Manchester United €3.342bn

3. FC Barcelona €3.193bn

4. Bayern Munich €2.878bn

5. Liverpool €2.658bn

6. Manchester City €2.606bn

7. Chelsea €2.218bn

8. Tottenham Hotspur €2.067bn

9. Paris Saint-Germain €1.911bn

10. Arsenal €1.852bn

11. Juventus €1.735bn

14. Inter €983m

16. Roma €602m

17. Napoli €590m

22. Milan €526m

28. Lazio €328m

SOURCE:- allfootballapp