Manchester United have been named the world's second most valuable football club behind only Real Madrid despite their recent struggles on the pitch.

Forbes' annual list, external of the world's most valuable football teams ranks United second with a value of $6.6bn (£4.9bn), and a revenue of $834m (£620m) in the 2023-24 season.

According to Forbes, United's value increased by 1% despite finishing eighth in the Premier League table in 23-24 and failing to qualify for the Uefa Champions League.

United did win the FA Cup that season, whereas in 24-25 they finished 15th in the Premier League and lost the Uefa Europa League final.

Ruben Amorim's side will not play European football next season as a result.

Despite on-pitch struggles, debts of £1bn and losses of £113.2m reported in 23-24, United continue to benefit from having one of the strongest brands in all of sport.

The club has a massive global fanbase, built over two decades of dominance in the 1990s and 2000s.