Premier League team Manchester United has been named as the most valuable football brand, according to Brand Finance's Football 50 2015 report.

Despite winning no silverware last season, the club knocks Bayern Munich off the top spot, with an estimated worth of $1.2bn. Real Madrid placed in third, Manchester City in fourth, and Chelsea in fifth. Barcelona, who won the Champions League final on Saturday, has dropped to sixth place (previously fourth), worth $773m.