Manchester City has been named as the most valuable football club in Europe, with a value of over 1.2 billion euros (approximately $1.4 billion) according to a new report from Transfermarkt.

The report states that Manchester City's valuation is the highest among all clubs in Europe and is more than double the value of second-placed Paris Saint-Germain. The value of Liverpool, who finished second last season, is also close behind, with a valuation of approximately 865 million euros ($997 million).

The report also highlights the fact that Manchester City's value has increased by nearly 15% since the beginning of the 2020-21 season. This increase is mainly due to the club's impressive performances on the pitch, which have resulted in high transfer fees for key players such as Sergio Aguero and Gabriel Jesus.

However, despite the club's success on the field, Manchester City has faced criticism over its financial activities. The club has been accused of spending large sums of money on players and managers without always providing adequate compensation to fans and supporters.

Despite this, Manchester City remains one of the most successful football clubs in the world and continues to attract top talent to the club. With its impressive valuation and continued success, it is clear that Manchester City is set to remain at the forefront of European football for years to come.