New York: Real Madrid has passed Manchester United as the most valuable soccer team in Forbes' annual estimates.
Forbes valued Real Madrid at USD 3.3 billion in rankings released Wednesday, up 76 percent from last year's estimate of USD 1.88 million.
Manchester United, which had been No. 1 since Forbes started the list in 1994, was second at USD 3.17 billion, a 42 percent increase. Barcelona was third at USD 2.6 billion, followed by Arsenal (USD 1.33 billion), Bayern Munich (USD 1.31 billion), AC Milan (USD 945 million), Chelsea (USD 901 billion), Juventus (USD 694 million), Manchester City (USD 689 million) and Liverpool (USD 651 million).