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United no longer richest club

Real Madrid have replaced Manchester United as the most valuable football team in the world in the latest Forbes list.

Last Updated: 17/04/13 at 18:23 Post Comment

The Santiago Bernabeu: Home of the most valuable football club in the world

The Santiago Bernabeu: Home of the most valuable football club in the world

United have been ranked top since business analyst Forbes began compiling the list in 2004, but they have now been dethroned by Real while Barcelona are third and Arsenal fourth ahead of Bayern Munich.

Real Madrid are valued at £2.15billion, which also makes them the most valuable sporting franchise in the world, while United are worth £2.07billion.

Forbes said in a statement: "This is the first time since Forbes began valuing soccer teams in 2004 that Manchester United is not No.1 on the list.

"Real Madrid has been consistently delivering the highest revenues of any soccer team in the world, despite an intense economic meltdown in Spain.

"With superstars like Cristiano Ronaldo on the pitch, and coach Jose Mourinho on the bench, Real Madrid has thrived under the leadership of billionaire president Florentino Perez.

"According to this year's soccer valuations, the top 20 teams are worth an average of $968million (£634m), an increase of 26% over last year.

"Forbes' team values are enterprise values (equity plus debt) that are based on multiples of revenue that teams garner from television, premium seating, media, licensing, merchandise and concessions."

David Beckham still tops the list of highest-earning soccer players with earnings of £33m, £29m of which came from endorsements. Real Madrid's Ronaldo is second with earnings of £28.8m and Barcelona's Lionel Messi in third place with a total of £26m last year from salary and endorsements.

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e have the personnel. The trick is keeping them fit. Carrick and Blind have missed large chunks of the season, while the defence has been one muddled mess of intermittent stooges, all coming and going at various intervals thus far. We may be just short of title winning quality, but we're half way through. An injury crisis to either of the top two could change things. Optimistic, yes, but not unrealistic.

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arish is the man to blame for this shambles. Pulis must be chuckling into his left over turkey sandwich. I pray this doesn't mean the Neil Warnock media machine will kick in now and he'll be back on the telly box.

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e almost found a new way to lose, just when I thought it was getting boring Giroud does that. Although Arsenal are deservedly called 'soft' the entire midfield is out injured. Still must admit MU are managing to win despite a similar raft of absentees. Think the Gunners have good players but poorly coached.

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