Manchester United climb above Real Madrid and Barcelona to become the world's most valuable football team while Liverpool slip out of Forbes top 50 list

Manchester United are the third most valuable team in sport according to Forbes

Only Dallas Cowboys and New York Yankees are worth more than their £2.85bn

Seven football teams make the top 50, including Chelsea and Manchester City

Arsenal suffered the biggest drop in ranking and Liverpool slipped out of top 50

Manchester United have leapfrogged Barcelona and Real Madrid to become the most valuable football club in the world - and the third in all of sport.

Only NFL side Dallas Cowboys (£3.25billion) and Major League Baseball's New York Yankees (£2.86bn) are worth more than the Premier League outfit, Forbes have calculated.

United are valued at £2.85bn, up 11 per cent from £2.57bn in 2016, despite not having won the league or Champions League since 2013. 

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Romelu Lukaku recently joined Manchester United, the world's most valuable football team

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They have climbed above Barcelona and Real Madrid and up to third in Forbes' top 50 rankings

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For the second year running, NFL side Dallas Cowboys were ranked the most valuable team 

They have climbed from fifth to third in Forbes' top 50 rankings. Bitter rivals Liverpool, meanwhile, are one of two sides (alongside NBA's Houston Rockets) who have dropped off the list.

United recently splashed out £75million on Romelu Lukaku and their rise is in stark contrast with the fortunes of Arsenal, who slipped down the rankings more than any other team.