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LONDON (AP) - Accountancy firm KPMG says Manchester United and Real Madrid are
soccer's most valuable clubs, worth an estimated 2.9 billion euros ($3.2 billion) each.


The study finds Europe's leading 32 clubs have a
combined value exceeding 26 billion euros.
KPMG's report was published as the European season reaches its climax with Saturday's Champions League final between Real Madrid and crosstown rival Atletico Madrid, which is valued at 592 million euros.



Real Madrid Cristiano Ronaldo plays with a ball during a training
session ahead of Saturday's Champions League soccer match final between Atletico de
Madrid and Real Madrid, at the Valdebebas stadium in Madrid,
Spain, Tuesday, May 24, 2016 . (AP Photo/Daniel Ochoa de Olza)
United remains strong financially, despite not winning the Premier League in three years.


Behind Real and United in the rankings are Barcelona (2.8 billion euros), Bayern Munich (2.2 billion euros),
Arsenal (1.7 billion euros), Manchester City (1.6 billion euros),
Chelsea (1.5 billion euros), Liverpool (1.3 billion euros), Juventus (983 billion euros) and
Paris Saint-Germain (843 billion euros).

Manchester United¿s goalkeeper David de Gea celebrates with the trophy
after winning the English FA Cup final soccer match against Crystal
Palace at Wembley Stadium, London on Saturday May 21, 2016.
Manchester United won the match 1-2. (AP Photo/Tim Ireland)

Manchester United¿s Wayne Rooney, right, and Michael Carrick pose with the trophy after winning the English FA Cup final
soccer match against Crystal Palace at Wembley
Stadium, London on Saturday May 21, 2016. Manchester United won the match 1-2.
(AP Photo/Tim Ireland)
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study Comparative Politics

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