Liverpool are the fourth most valuable football team in the world but still trail Manchester United by some distance.
US sports business website Sportico has published its annual football team valuations, using the most common multiple of revenue method, which places Liverpool behind United, Real Madrid and Barcelona with a valuation of $4.71bn (£3.76bn).
Manchester United, despite having not won a Premier League title for a decade and the UEFA Champions League for 15 years, holds top spot with a valuation of $5.95bn (£4.75bn).