Real Madrid have topped Forbes’ list of the world’s most valuable sports teams.
According to Forbes Real Madrid have a value of $US 3.26billion (£2.08bn), ahead of NFL franchise Dallas Cowboys and MLB’s New York Yankees which are both valued at $3.2bn (£2.04bn).
Manchester United remain England’s most valuable club, despite dropping from third in 2014 to fifth on the list this year at $3.1bn (£1.98bn).
Manchester City, valued at $1.39bn or £890m, are 29th overall, Chelsea ($1.37bn or £877m) sit 31st and Arsenal ($1.31bn or £839m) are placed 36th.
Barcelona are sfourth on the list with a value of $3.16bn (£2.02bn), are the remaining top five team.
The NBA’s Los Angeles Lakers and New York Knicks, the New England Patriots and Washington Redskins of the NFL and baseball’s Los Angeles Dodgers all make the top 10.
Ferrari, at $1.35bn (£865m), rank 32nd and are Europe’s only non-football representative on the list.