Despite a turbulent year for British clubs, the Old Trafford side held on to top spot in Forbes Magazine's list of the world's 20 most valuable football teams.
Seven of the 20 teams featuring in the table heralded from England - despite the Premier League being the most indebted in Europe, according to governing body Uefa.
United, which has now topped the table for six years, was valued by Forbes at 1.835 billion US dollars (£1.19 billion) after a 2% fall from last year.
Newcastle United, which was rated as 20th most valuable, was a surprise inclusion after being relegated last year.
Arsenal came third, ahead of Liverpool in sixth, Chelsea in ninth and Tottenham Hotspur at 12th. Big-spending Manchester City trailed in 19th place.
Peter Schwartz, a business sports writer for Forbes, praised Manchester United's resilience as "one of the world's biggest sporting brands".
Real Madrid was forced to settle for second place - despite signing Cristiano Ronaldo from United last summer.
The world's 20 most valuable soccer clubs generated a combined operating 650 million US dollars (£422 million) in operating income last season, a Forbes spokesman said.
( Source: Press Association)
