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Manchester United have moved clear of Real Madrid as the most valuable football club in the world, a report by auditors KPMG has found.
United have been valued at €3.004 billion (£2.61bn), ahead of both Real (€2.895bn) and Barcelona (€2.688bn). KPMG had estimated Madrid and United as being worth €2.9bn at the end of the 2015-16 season.
Bayern Munich (€2.367bn) are fourth on the list, with Manchester City (€1.