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Liverpool close in on Manchester United in the list of the world's most valuable clubs as Premier League champions rise to fourth in the rankings... but do Real Madrid or Barcelona take the coveted No 1 spot?

Liverpool are closing in on Manchester United as England's most valuable football club after their Premier League title triumph, according to the latest edition of the Brand Finance Football Annual.

The Reds are up to fourth in the worldwide rankings, with their value rising by six per cent to £1.143billion (€1.262bn), just £47million behind Manchester United's £1.190bn (€1.314bn) valuation - which represents a drop of nearly 11 per cent on the previous year.

However, both clubs are some way behind leading LaLiga duo of Real Madrid and Barcelona, with the former retaining top spot despite making nearly a 14 per cent loss, with the coronavirus crisis causing the total brand value of top 50 clubs to fall for the first time in six years.