Manchester United have been valued as the biggest football club in the world.

Despite a turbulent year for British clubs, the Old Trafford side held on to top spot in Forbes Magazine's list of the world's 20 most valuable football teams.

Six of the 20 teams featuring in the table heralded from England - despite the Premier League being the most indebted in Europe, according to governing body Uefa.

United, who have now topped the table for six years, were valued by Forbes at 1.835 billion US dollars (£1.19 billion) after a two per cent fall from last year.

Newcastle United, which was rated as 20th most valuable, was a surprise inclusion after being relegated last year.

Arsenal came third, ahead of Liverpool in sixth, Chelsea in ninth and Tottenham Hotspur at 12th. Big-spending Manchester City trailed in 19th place.

Real Madrid were forced to settle for second place - despite signing Cristiano Ronaldo from United last summer.

Meanwhile, fans opposed to the Glazer family's ownership of United are convinced the controversial Americans will eventually sell up to the Red Knights.

Key talks are currently taking place with a range of potential investors aimed at securing the funds required to lodge a bid in excess of £1billion at the end of the season.

Yet the suspicion remains that the Glazers have no interest in selling, something they have repeated privately on a number of occasions.

"If I was in the Glazers' position and I was offered a profit, with all the different factors that are creating uncertainty for the future, it would seem like a pretty sensible option to take," said Duncan Drasdo, chairman of the Manchester United Supporters Trust, which has consistently campaigned against the Glazer family.

"It would be surprising if they weren't willing to take something that gave them a profit."

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