Real Madrid declared most valuable football team

Real Madrid have been named the most valuable football team ahead of Premier League giants Manchester United by Forbes.

An analysis has revealed that the Spanish club are valued at £2.15bn, while the Red Devils sit behind with a £2.07bn worth.

"Real Madrid have been consistently delivering the highest revenues of any team in the world, despite an intense economic meltdown in Spain," The Sun quotes a Forbes spokesman as saying.

"With superstars like Cristiano Ronaldo and coach Jose Mourinho they have thrived. According to this year's valuations, the top 20 teams are worth an average of £634m — an increase of 26% over last year."

Barcelona were third in the list, while Bayern Munich have been recorded in fifth.