Manchester United remain the world’s most valuable football club, according to Forbes business magazine.
The annual list places United above Real Madrid with Arsenal leapfrogging Milan into third spot.
Meanwhile, David Beckham has lost his place to Ronaldinho as the world’s highest-earning footballer.
Ten Premiership sides appear on Forbes’ list of the world’s 25 most valuable football clubs followed by clubs four from Italy and Germany, two each from Spain, France and Scotland and one from Holland.
Forbes believes that Beckham’s lucrative move to Los Angeles Galaxy at the end of the season could see the former England captain regain his position as football’s highest earner.
1 Man Utd £740million
2 Real Madrid £528million
3 Arsenal £466million
4 Bayern Munich £427million
5 Milan £420million
6 Juventus £289million
7 Inter Milan £282million
8 Chelsea £274million
9 Barcelona £273million
10 Schalke 04 £240million
11 Liverpool £231million
12 Lyon £175million
13 Newcastle £132million
14 Tottenham £124million
15 Roma £114million
16 Hamburg £112million
17 Man City £106million
18 B Dortmund £101million
19 Ajax £100million
20 Celtic £94million
21 Everton £84million
22 Marseille £80million
23 West Ham £79million
24 Rangers £75million
25 Aston Villa £71m
1 Ronaldinho (Barcelona) £15.2million
2 David Beckham (Real Madrid) £14.8million
3 Ronaldo (Milan) £11.7million
4 Wayne Rooney (Man Utd) £8.7million
5 Michael Ballack (Chelsea) £8.7million
6 Thierry Henry (Arsenal) £8.2million
7 Zinedine Zidane (ex-Real Madrid) £8.2million
8 Fabio Cannavaro (Real Madrid) £7.6million
9 John Terry (Chelsea) £7.1million
10 Steven Gerrard (Liverpool) £7.1million