Los Merengues had been named as the most valuable franchise back in July, but they have now been overtaken. Los Blancos may have seen their place gone as a result of their struggles on the pitch. Last season the Spanish side didn’t win a single major trophy, and ended up sacking manager Carlo Ancelotti.
Meanwhile rivals Barcelona won the treble of La Liga, the Copa del Rey, and the Champions League. Despite this they are still behind their El Clasico rivals in terms of monetary value. It’s unlikely the Blaugrana will mind this if they continue to beat them on the pitch.
The list also shows the rise of American Football sides financially, with two making it in to the top five. This is apparently due to shrewd marketing and big matchday attendances.
Here are the top five most valuable sports teams in the world…
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5) Barcelona, £2 billion