Hurray, who needs the Champions League anyway?!

Manchester United are still the most valuable club in European football.

That is according to a recent study conducted by business services group KPMG, who looked the confirm the “enterprise value” (EV) of Europe’s 32 leading football clubs.

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Based on the two previous seasons before 2017/18, Manchester United have retained the title of Europe’s most valuable club – despite not reaching heights seen under the guidance of Sir Alex Ferguson – and it is believed that the establishment’s worth is now around £2.9 billion, even more than La Liga giants Barcelona and Real Madrid.

The current top six in the Premier League – Manchester City, United, Tottenham Hotspur, Liverpool, Chelsea, and Arsenal – take up six of the top ten places.

KPMG’s global head of sports and the report’s author, Andrea Sartori, told the company’s website: “Despite lower growth (14 percent) versus last year, the football industry continues its rise, with a second successive season of an EV increase (9 percent) for the top 32 clubs included in our ranking.

“Overall growth is driven by different factors, such as the increase in operating revenues of the top 32, at 8 percent.

“Eye-catching transfer deals and spiraling staff costs have not prevented such clubs from registering a striking upward trend, as the profits before taxes increased by some 17 times in comparison to the previous year.

“One of the reasons for this growth can be found in the significant influence exercised by English clubs, as well as the improved financial health of many mid-size clubs within the ranking, which also reflects compliance with the UEFA FFP Regulations.”

While our rivals City still trail Bundesliga champions Bayern Munich in the charts, they’re ranked as the second most valuable Premier League club.

It is also a surprise to see Spurs involved in the list – may be less so for Daniel Levy, mind.