Date: 8th May 2015 at 12:05pm
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Forbes have ranked Liverpool FC as the eighth most valuable football club in the world in this year’s edition of the magazine’s annual football value rankings.

Reds have increased their value by an incredible 42% — roughly $300m– from last year as they are now worth an estimated $1bn, a huge improvement from last year when they were valued by Forbes at $691m.

Liverpool have surpassed Serie A juggernauts Juventus FC and AC Milan in order to crawl into the top eight.

Even more impressive is the fact that Forbes has also included Liverpool in their “Super Six”.

Forbes’ “Super Six” are a collection of teams who rank in the top 10 in the world in: social media following, matchday revenue, broadcasting revenue and commercial revenue.

Liverpool make the prestigious “Siper Six” list that includes La Liga giants Barcelona and Real Madrid, along with fellow Premier League squads, Chelsea, Manchester City and Manchester United.

Reds’ improvement in revenue and value over the course of 12 months has been startling.

While the climb can mostly be explained by the recent £5.13bn television deal for clubs in the Premier League, Liverpool’s rise to the eighth highest valued team in the world is certainly an incredible accomplishment for the club off the pitch.