Real Madrid have retained their place as the most valuable football team, despite a drop in figures, according to Forbes magazine.
The reigning European champions have seen their value drop by five per cent, but they are still worth £2.13bn and their £489m in revenue is the highest of any sports team in the world.
Spanish rivals Barcelona are second in the 2015 list with a value of £2.07bn followed by the Premier League's most valuable team, Manchester United at £2.03bn.
Louis van Gaal's men are one of eight Premier League sides in the top 20, with Manchester City, Chelsea, Arsenal and Liverpool all placing in the top eight.
Tottenham (13th), Newcastle (18th) and West Ham (19th) also make the top 20, which is rounded out by Turkish side Galatasaray.
Forbes' top 10 most valuable teams of 2015:
1 Real Madrid £2.13bn
2 Barcelona £2.07bn
3 Manchester United £2.03bn
4 Bayern Munich £1.54bn
5 Manchester City £905m
6 Chelsea £898m
7 Arsenal £859m
8 Liverpool £644m
9 Juventus £549m
10 AC Milan £508m
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