The nine-times European champions Real Madrid have ended Manchester United's run as the world's most valuable football team, according to an annual survey released by Forbes on Wednesday.
The value of Real surged 76% to $3.3bn (£2.17bn) from a year ago, Forbes said in a statement.United, who have won the English title a record 19 times and are controlled by the American Glazer family, rose 42% to $3.2bn but dropped to second on the list for the first time since Forbes began tracking football finances in 2004.
Real's Spanish rivals Barcelona ($2.6bn), Arsenal ($1.33bn) and the German side Bayern Munich ($1.31bn) completed the top five.The top 20 football teams are worth an average of $968m, an increase of 26% on last year, Forbes said.
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