Manchester United are valued at $4.8bn according to Forbes, making them worth more than twice as much as Arsenal.

After Stan Kroenke’s recent purchase of Alisher Usmanov’s Arsenal shares, the value of the club is in the region of $2.3bn, a hefty sum for sure, but nothing when compared to Manchester United’s valuation that sees them rank as the most valuable sports team in the world.

Forbes report that shares in the club are up 55% over the last 12 months on the New York Stock Exchange, reaching a high of $26.05 on the day they lost 3-0 to Tottenham.

Generating almost 50% more operating income ($254m) than any other football club, United’s commercial revenue is the highest in the sport showing a 19% growth over the past five years.

Stan Kroenke and the arrival of modern football at Arsenal

Arsenal’s valuation, despite a decade spent building the commercial side of the business in order to allow them to compete with the top clubs, still only comes in at 47% of United’s value but represents more than a 100% increase since Kroenke bought his first share in 2011.