Arsenal have been ranked the ‘seventh most valuable’ sports club in the world, according to Forbes magazine.
The respected US publication released its latest rich list of sports teams, with Arsenal having a reported valuation of $1.19 billion (£740m).
“The clubs located in cities where real estate/commercial property is expensive naturally have an advantage as their stadium and surrounding environs are valued more. Chelsea is an exception because although located in London it is also one of the most leveraged clubs with $889m (£550m) of debt put on the club and its holding company”, the SoccerBlog website said.
Perhaps unsurprisingly, Manchester United lead the list with a valuation $1.86 billion, while Real Madrid are the second most valuable football club lying in fifth place ($1.45 billion). The Gunners and Chelsea are in seventh and 46th place respectively.
American businessman Stan Kroenke secured a controlling stake in Arsenal towards the end of last season, adding to his ownership of NBA basketball franchise the Denver Nuggets, the Colorado Avalanche NHL ice hockey team and Major-league Soccer side the Colorado Rapids.
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