Barcelona has topped the Forbes list of the world’s 20 most valuable soccer teams for the first time with £3.46billion worth.

The Spanish giants piped their arch-rivals Real Madrid (£3.45bn) into the top spot after five successive second-place finishes.

According to Forbes, the two clubs recorded 2020 revenues of £576m and debt values at six percent.

German giants Bayern Munich (£3.07bn) moved up one place to third from last year’s rankings while Manchester United moved to fourth with £3.06bn, according to Forbes’ latest figures.

Liverpool are now worth £2.98bn, rising above Manchester City (£2.91bn) who announced £126m losses last week.