Forbes' list of the most valuable football clubs 2008 rankings 2008 rankings

| Rank_ | Team | Country | Value_M | Debt_as_of_value | _change_on_year | Revenue_M | Operating_income_m |
|---|---|---|---|---|---|---|---|
| 1 | Manchester United | England | 1800 | 60 | 24 | 394 | 111 |
| 2 | Real Madrid | Spain | 1285 | 27 | 24 | 474 | 112 |
| 3 | Arsenal | England | 1200 | 43 | 31 | 329 | 77 |
| 4 | Liverpool | England | 1050 | 65 | 131 | 269 | 60 |
| 5 | Bayern Munich | Germany | 917 | 0 | 9 | 302 | 72 |
| 6 | Milan | Italy | 798 | 0 | -3 | 307 | 54 |
| 7 | Barcelona | Spain | 784 | 27 | 47 | 392 | 92 |
| 8 | Chelsea | England | 764 | 0 | 42 | 382 | -5 |
| 9 | Juventus | Italy | 510 | 5 | -10 | 196 | 35 |
| 10 | Schalke | Germany | 470 | 48 | 0 | 154 | 36 |
| 11 | Roma | Italy | 434 | 12 | 94 | 213 | 48 |
| 12 | Tottenham Hotspur | England | 414 | 15 | 70 | 207 | 64 |