Paris Saint-Germain have usurped Manchester City as the club with the most financial power in world football, according to the latest Soccerex Football Finance 100 report.
Bayern Munich are a distant third in the standings, while Tottenham and Real Madrid round out the top five.
Manchester United, meanwhile, have failed to make the top 10, dropping down to 16th, mainly due depreciation in squad value and an increase in cash debt.
The findings take into account a club's playing assets (A), tangible assets (B), cash in the bank (C), potential owner investment (D) and net debt (E) to give an overall Football Finance Index (FFI) score.
FFI looks at the performance of clubs in each of the five key variables identified, weighted against that variable’s percentage of the cumulative total.
FFI score for each team can be calculated as follows: (A) FFI Score + (B) FFI Score + (C) FFI Score + (D) FFI Score – (E) FFI Score.
Read on to discover the 40 most financially powerful clubs in the game today...
