New Forbes most-valuable clubs list: Chelsea DROP below one Big Six London rival - but stay above another... so who comes out on top?

Chelsea have dropped below one of their London rivals in the newest Forbes list of the most-valuable football clubs.

The business website has revealed that the top 10 richest football clubs are now worth an average of $2.3 billion (£1.8bn), a just over a five per cent increase from last year.

Six Premier League sides have made the top 10, which is the same amount as last year, but not all are in the same position.

The Blues finished eighth in 2023's list after Todd Boehly's £4.25bn takeover in 2022, however, have been overtaken by one of their closest rivals, this year.

Real Madrid took top spot in the standings last year, but which club will be a the summit this time around?

It's Los Blancos, again.

The business website has valued the Spanish giants $6.6bn (£5.2bn) which is a nine per cent increase and means they top the table for the third consecutive year.

Closely behind them are Manchester United, who have also seen a major increase in value, jumping up from $6bn (£4.8bn) last year to $6.55bn (£5.15bn).

It's the first time the two clubs have topped the £5bn mark and only the second time both Madrid and United have risen above the $6bn (£4.8bn) point.

They are the only two clubs, since Forbes began creating the list in 2004, to rank in the top five every year.

The top seven in the list remain unmoved from last year's list, with all the top 10 sides seeing an increase in valuation.

However, despite a slender one per cent increase, Chelsea have slipped below London rivals Tottenham, and into ninth place.

Spurs have seen a percentage increase in valuation of 14, rising from $2.8bn (£2.2bn) last year to $3.2bn (£2.51bn).

Meanwhile, the Blues have been valued at $3.13bn (£2.46bn) and are the only side within the top 10 to move down in the list.

Barcelona occupy third spot once again after a two per cent increase has seen them valued at $5.6bn (£4.4bn), while Premier League sides Liverpool $5.37bn (£4.22bn), and Manchester City $5.1bn (£4bn) are in fourth and fifth once more.

Bayern Munich place sixth on list, valued at $5bn (£3.93bn), while Paris Saint-Germain $4.4bn (£3.46bn) are a ranking below them.

And finally, sitting in 10th place we have Arsenal. The Gunners have seen the largest increase in value of the top ten, rising 15 per cent to $2.6bn (£2.04bn).

Outside of the top 10, there have been some notable changes. MLS sides LAFC and David Beckham's Inter Miami have shot up the rankings into 15th, and 17th, respectively.

The Beckham co-owned side have seen an increase in value of a massive 72 per cent, by far and away the largest in the top 30. They have now gone above the one billion dollar mark and are valued at $1.03bn (£810million).

There are six other Premier League sides in the top 30. Newcastle remain unmoved in price but move down a position into 23rd.

Aston Villa have risen above the Magpies into 22nd and have seen their value shoot up six per cent to $800m (£629.3m).

West Ham United are in 16th, Fulham 24th, Crystal Palace 26th, and Brighton and Hove Albion occupy 29th on the list.

That signifies that both Leicester City and Everton have dropped out, with Fulham and Brighton the two top-flight English sides replacing them.