Real Madrid have remained the most valuable football team in the world for a fourth year in a row, according to US business magazine Forbes, Soccernet reports.
Madrid lead the way from rivals Barcelona, with Manchester United sitting in third place.
Madrid’s value stands at £2.52bn and their annual revenue is £480m, a slender advantage over Barcelona in both categories.
Barcelona are shown to have a value of £2.46bn, with United said to be worth £2.3bn.
Six Premier League teams feature in the top 10, with United joined by Arsenal, Manchester City, Chelsea, Liverpool and Tottenham.
Forbes said the top 20 teams are collectively worth 24 per cent more than the teams that filled those positions 12 months ago, citing increased income from television contracts and kit deals.
The study said Real Madrid ranked as the world’s second richest sports team, behind only the Dallas Cowboys American football team, which it valued at £2.77bn.