Real Madrid are world’s most valuable sports team for a third consecutive year by Forbes magazine.
The annual global rating for the world’s 50 most valuable teams witnessed a 31% increase from 2014, with an average value of $US1.75bn (348.08bn Naira).
The Spainish giants seats at the summit of the Forbes rankings with a whopping value of $US3.26bn (648.41bn Naira) ahead of the Dallas Cowboys and New York Yankees – both valued at $US3.2bn (636.48bn Naira).
The ten-time European champions may have finished the 2014-15 campaign without a trophy, yet rounded off $US746m (148.38bn Naira) in form of revenue- the highest by any sport team in 2014. It also generated profit from the selling of replica jerseys and merchandise for the likes of Cristiano Ronaldo and Gareth Bale quoted at $US171m (34.01bn Naira).
Real and Barcelona currently receive most of the audiovisual broadcast money in the Spanish League- where club’s agree on their respective deals, different from other European leagues- and the Los Merengues also posted the highest broadcast revenue worth $US277m (55.09bn Naira).
Barca and Premier League side Manchester United complete the top-5 with the former on No. 4 worth $US3.16 billion and Manchester United fifth at $US3.1 billion.
United, who missed out of European football last season, drop from third in 2014 to fifth but remain England’s most valuable club.
Manchester City are valued at £890m – 29th overall, while Chelsea (£877m) sit 31st and Arsenal (£839m) 36th.
Full list of world’s most valuable teams according to Forbes Magazine.