Liverpool have moved ahead of some of their biggest rivals in Europe as figures show the club’s value has soared.

The 2018/19 season saw the Reds lift the Champions League trophy for the sixth time in the club’s history, and they soon followed that with the Super Cup and Club World in the months that followed.

The figures, recorded by KPMG, shows the 'enterprise value' of football clubs.

And Liverpool's progress off the pitch under FSG is clear.

"The Enterprise Value of a club is calculated as the sum of the market value of the owners’ equity, plus total debt, less cash and cash equivalents," according to KPMG.

"It indicates what the business is worth regardless of the capital structure used to finance its operations."

These successes have seen the club’s value increase by 19.3 per cent to £2.26bn - and move up two places in the world’s most valuable clubs.

Jurgen Klopp’s side have leapfrogged Premier League rivals Manchester City and Chelsea to climb up to fifth place, narrowly adrift of Bayern Munich in fourth.

Real Madrid retain their top spot with an 'enterprise value' of £2.95bn, ahead of Manchester United in second whose position remains unchanged.

Barcelona climb above Bayern into third place, with Tottenham Hotspur (eighth) and Paris Saint-Germain (ninth) joining the Reds as the biggest movers in Europe.

It must be considered, though, that these figures reflect the period prior to the coronavirus pandemic - which has caused financial uncertainty across the world.

KPMG's figures for clubs are "based on their Enterprise Value (EV) at 1 January 2020".

Here is a list of the top 10 most valuable football clubs in the world, according to 'enterprise value' figures provided by KPMG:

1. Real Madrid (unchanged) - £2.95bn (+1.5%)

2. Manchester United (unchanged) - £2.84bn (-2%)

3. Barcelona (+1) - £2.71bn (+12.2%)

4. Bayern Munich (-1) - £2.44bn (+0.4%)

5. Liverpool (+2) - £2.26bn (+19.3%)

6. Manchester City (-1) - £2.21bn (-0.3%)

7. Chelsea (-1) - £1.88bn (-6.3%)

8. Tottenham Hotspur (+1) - £1.75bn (+15.8%)

9. Paris Saint-Germain (+2) - £1.62bn (+36.7%)

10. Arsenal (-2) - £1.57bn (-13.2%)

Source: KPMG