- Manchester City and Arsenal named most economically powerful club in the world
- Real Madrid and Barcelona are out of the top five list released by Soccerex
- Nine Chinese clubs make the top 100 list and five from the USA are in the top 30
Manchester City and Arsenal have been ranked the two most economically powerful clubs in the world.
Soccerex, a global football networking company, commissioned a report to find the top 100 clubs in the world based on economic power and the list features some surprise entries.
The Soccerex Football Finance 100, used five variables - players, fixed assets, cash reserves, potential owner investment and net debt - to give an overall score based on financial results from 2015/16.
Two of the richest clubs in the world Real Madrid and Barcelona finished sixth and 13th respectively, partly due to their ownership models in which they are run by members.
The report said this restricted their ownership's investment potential.
A number of clubs from outside Europe made the list, with nine Chinese clubs in the top 100 and five from the USA in the top 30.
SOCCEREX FOOTBALL FINANCE 100: TOP 20 list
1. Manchester City, 2. Arsenal, 3. PSG, 4. Guangzhou Evergrande, 5. Tottenham, 6. Real Madrid, 7. Manchester United, 8. Juventus, 9. Chelsea, 10. Bayern Munich, 11. Zenit St Petersburg, 12. RB Leipzig, 13. Barcelona, 14. LA Galaxy, 15. Atletico Madrid, 16. Liverpool, 17. Borussia Dortmund, 18. Lyon, 19. Monaco, 20. Leicester.
Russia 2018: Nigerians predict Super Eagles chances at the World Cup - on NAIJ.com TV;