Forbes Magazine have listed five Premier League clubs in the list of the 10 highest valued football clubs on the planet, with Chelsea included.
The Blues came sixth in the list, being valued at $1.4 billion.
However, Spanish side Real Madrid topped the list for the third consecutive year.
The La Liga side made a revenue of $746 million, still finishing top of the list despite a 5% drop in value to $3.3 billion (£2.2 billion).
Madrid’s rivals, Barcelona, finish second in Forbes’ annual list of football club valuations after a 23% increase in value last year. However, they are worth $3.2 billion.
The Premier League does however have one side in the top three – Manchester United. The richest football team in the world with an operating income of $211 million, and who were also the first ever professional sports team to be valued at $3 billion, is currently valued at $3.1 billion. They are followed, albeit by some distance, by Bundesliga champions Bayern Munich. The club is currently worth $2.3 billion, despite seeing 41% growth last year followed by a 25% increase in value this year.
Forbes make their evaluation based on calculations involving account equity and net debt of clubs, which are based on current stadium deals, pre-tax operating income and player trading.
Manchester City, who finished fifth in the list with a valuation of $1.4 billion, join Chelsea and United along with Arsenal and Liverpool, who were valued at $1.3 billion and $982 million respectively after being valued seventh and eighth in the list.
Juventus ($837 million) and AC Milan ($775 million) completed the top 10, with fellow Premier League clubs Tottenham ($600 million), Newcastle United ($349 million) and West Ham United ($309 million) ending up 13th, 18th and 19th on the list respectively.
The collective value of the top 20 clubs increased by 11% compared to last year, with soaring television and uniform sponsorship revenues boosting the average worth to $1.16 billion.
The Premier League is the most expensive football group in the world. The £5.14 billion TV deal represented an incredible 71% jump in the cost to broadcast the league’s games – that works out at a staggering £10.2 million per game.