Real Madrid ranked second most valuable football club in Europe

Real Madrid is the second most valuable club in European football according to tax and auditing firm KPMG.

Real Madrid won this season's La Liga title and were ranked second just behind Manchester United, winners of the Europa League.

Madrid can win the double if they triumph in the Champions League final at Cardiff on Saturday.

The ranking was based on an algorithm that took into consideration five football-specific metrics, which are profitability, popularity, sporting potential, broadcasting rights and stadium ownership.

The list was dominated by British teams as Premier League clubs occupy six spots in the top 10. 

Spanish giants Real Madrid and Barcelona occupy the second and third spots respectively.

Here's a list of the 10 most valuable football clubs in Europe

1. Manchester United -3.09bn euros

2. Real Madrid - 2.97bn euros

3. Barcelona - 2.76bn euros

4. Bayern Munich - 2.44bn euros

5. Manchester City - 1.97bn euros

6. Arsenal - 1.95bn euros

7. Chelsea - 1.59bn euros

8. Liverpool - 1.33bn euros

9. Juventus - 1.21bn euros

10. Tottenham - 1.01bn euros

Source: KPMG

Real Madrid will earn much more if they win the Champions League and will also increase in value if they sign players like David De Gea, and Pierre-Emerick Aubameyang. Both of whom have been closely linked with Madrid.