Liverpool have leapfrogged Premier League rivals Manchester City and Chelsea in the list of Europe's most valuable clubs with their valuation soaring by 19 per cent to almost £2.25billion.
But the reigning European champions remain some way behind the wealth of Real Madrid, Manchester United and Barcelona in the annual rich list.
The Bernabeu club remain top of KPMG's rankings for 2020 with an enterprise value of £2.95bn following a small increase of 1.5 per cent over the past year.
Liverpool's Champions League triumph in 2019 helped them soar up the KPMG Rich List
But it was enough to keep them ahead of United in second place, whose value actually went down two per cent to £2.