England's dominance of the European game has been confirmed by eight Barclays Premier League clubs being ranked in the top 20 of the continent's 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 isEurope'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
The study also breaks down the different stream of revenue for the top clubs. AC Milan tops the broadcasting revenue table with £103 followed by Real Madrird (£90m), Internationale (£86m), Barcelona (£72m) and Roma (£70m).
Arsenal lead the matchday revenues with £103m followed by Manchester United (£93m), Chelsea (£74m), Barcelona, (£60m) and Real Madrid (£54m).
Champions magazine editor, Paul Simpson said: “The fact that there are eight Premiership sides in the top 20 underlines the financial and marketing clout of English football. Such enduring strength is one of the reasons that, with four Premiership sides in the last eight of the UEFA Champions League, we look odds on to have an English team reach the final for the fourth season in a row.
"The relative failure of many Italian and German clubs to exploit the power of their brand is one of the reasons they are finding it harder to compete in Europe."