Forbes have now released their list of the top 20 most valuable football clubs in the World.

This isn’t the Deloitte figures which come out each year, their top 20 is based on revenue each season and Newcastle were 19th in their latest list (2013/14 season revenues).

As you can see, Newcastle United are ranked as the 18th most valuable of all the football clubs in the World at $349m, which is around £229m at today’s exchange rate.

Whilst last season’s revenues play a part, Forbes use a number of criteria to value the clubs and obviosuly the striking thing is that pretty much all 17 of the clubs ranked a higher value than Newcastle are Champions League regulars. One big reason in favour of Premier League clubs of course, is that as a league their TV revenues are huge and going to have another massive leap starting in the 2016/17 season.

No wonder Mike Ashley saw the value of buying Newcastle and the benefits it could bring, Forbes rate only the six obvious other English clubs as being more valuable.

Whilst any valuations aren’t going to be exact to the penny, Forbes have no interest in rating Newcastle higher or lower in value than the reality and use the same criteria on every club.

Just imagine what Newcastle could be worth if ran with ambition? Plus how ironic if Mike Ashley’s valuable asset shrinks in value due to relegation, thanks to his calamitous running of it.

Here are the Top 20 most valuable football clubs in the World according to Forbes (Galatasaray were in 20th position but I couldn’t access that figure)

$3.26bn Real Madrid

$3.16bn Barcelona

$3.10bn Manchester United

$2.35bn Bayern Munich

$1.38bn Manchester City

$1.37bn Chelsea

$1.31bn Arsenal

$982m   Liverpool

$837m   Juventus

$775m   AC Milan

$700m   Borussia Dortmund

$634m   PSG

$600m   Tottenham

$572m   Schalke

$439m   Inter Milan

$436m   Atletico Madrid

$353m   Napoli

$349m   Newcastle United

$309m   West Ham