Real Madrid may have enjoyed success in 2015-16, winning their 11th European Cup, but their spell as the most valuable sports team in the world is over.
Los Blancos had topped Forbes’ list in 2013, 2014 and 2015 but they’ve been surpassed in 2016.
The Dallas Cowboys have usurped Madrid atop the rankings with a value of $4 billion (£3.02bn).
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It brings to an end three years as sport’s richest team for the Spanish giants.
Yet it’s not as if Madrid have suddenly become poorer. In fact, their value over the past year has risen by almost 12.5 per cent to $3.65bn (£2.75bn).
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Manchester United are England’s wealthiest team with a valuation of $3.32bn (£2.5bn). The Red Devils ranked first in 2011 and 2012 but are fifth for the second year running.
Check out Forbes' 2016 list below.
Image via Sky Sports.
Baseball’s New York Yankees ($3.4bn, £2.56bn) and the New York Knicks ($3bn, £2.26bn) and the Los Angeles Lakers ($2.77bn) of the NBA are the only non-football and non-NFL teams in the top 10.
The figures are a clear representation of United’s plight since the departure of Sir Alex Ferguson in 2013. In the three seasons since, the Red Devils haven’t finished higher than fourth and have sacked two different managers.
But with Jose Mourinho now in charge, expect them to be closer to the Cowboys in the coming years.
The Portuguese took over the club in May and immediately set about improving his squad, signing Eric Bailly, Zlatan Ibrahimovic and Henrikh Mkhitaryan.
United will probably notice a significant improvement in income when Ibrahimovic’s shirt number is confirmed.
Though the club can’t look forward to Champions League appearance money next term, it will be a major surprise if United aren’t in Europe’s elite tournament in 2017-18.
And in his first press conference, Mourinho didn’t hide his desire to win the Premier League title in his debut campaign.
“I was never very good at hiding behind words or philosophies,” the former Chelsea boss admitted, per Sky Sports. “I never tried to be good at that. I was always much more aggressive in my approach, with the risks it can bring.
“It would be easy, honest and pragmatic for me to focus on the last three years, and the fact we didn't qualify for the Champions League, and to say, ‘let's work, let's try to be back in the top-four, let's try to do well in the Europa League', but I am not good at that, and I don't want to be good.”
Winning titles will soon see United return to the top of Forbes’ list.