The Premiership has dominated a list of Europe's biggest football brands.
Manchester United, Arsenal, Chelsea and Liverpool have all progressed to the last eight of the Champions League, and the 'Top Four' have been joined by Tottenham, Newcastle, West Ham and Manchester City in the list published in Champions magazine.
Real Madrid is Europe's most valuable football brand worth a total of £271million which is an increase of 7 per cent on last year.
Independent consultancy experts Brand Finance have used 'market share, market growth and company financials' to draw up the list. The top five, Real Madrid, Manchester United, Barcelona, Chelsea and Liverpool top the £1billion mark.
The full list is:
1) Real Madrid - £271m
2) Manchester United - £264m
3) Barcelona - £215m
4) Arsenal - £201m
5) Chelsea - £184m
6) Liverpool - £165m
7) Bayern Munich - £147m
8) Milan - £134m
9) Juventus - £95m
10) Internazionale - £84m
11) Tottenham - £81m
12) Roma - £59m
13) Newcastle United - £55m
14) Hamburg - £52m
15) Schalke 04 - £48m
16) Lyon - £48m
17) Benfica - £44m
18) West Ham - £41m
19) Celtic - £36m
20) Manchester City - £33m
After their move to Emirates stadium, Arsenal now lead the matchday revenues with £103m followed by Manchester United (£93m), Chelsea (£74m), Barcelona, (£60m) and Real Madrid (£54m).