Spanish giants Real Madrid have been named the Most Valuable Sports Team in the world according to Forbes magazine.
Los Blancos have been very busy since the departure of Jose Mourinho, not least in appointing Carlo Ancelotti as new manager and unveiling Isco and Asier Illarramendi as new signings. The club have also been negotiating new sponsorship deals.
The club extended the deal with Adidas to supply the kit worth $42m a year. In the spring Madrid announced they would sign with Dubai-based airline Emirates worth $39m annually for the next five years.
But Madrid have also announced they are planning a renovation of the Santiago Bernabeu stadium costing $320m, but which could add $60m a year from 2018.
The new funds mean the club's president, Florentino Perez, is sitting with a big transfer budget as he has already shown, splashing £34m on Illarramendi.
The club is actually owned by 93,000 members each paying $195 to get access to discounted tickets and merchandise.
Second on the list were English champions Manchester United worth $3.17b.
United have also been busy penning new deals, recently signing a shirt sponsorship deal with Chevrolet worth $559m over seven years.
Manchester United are owned by the Glazers, who also own NFL team Tampa Bay Buccaneers, who are 28th on the list worth $1.03b. They are the only family to own two top 50 franchises.
And third are Catalan giants Barcelona, who recently spent $74m on Brazilian wonderkid Neymar. The Catalans turned over $619m last year, meaning the value of the club stands at $2.6b.
Barca have more social media followers than any other club: 61 million on Facebook and Twitter. More than the 30 richest NFL teams combined.
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