Spanish champions Real Madrid are the richest football club in the world despite a crippling financial issue in the nation.
Business analyst Forbes have released their most recent numbers with Madrid edging past Manchester United, who have held the mantle since 2004.
Real are valued at £2.15billion, making them the world's most valuable sporting club, let alone football, whilst United are second with a worth of £2.07billion. Behind them are Barcelona, Arsenal and Bayern Munich.
"This is the first time since Forbes began valuing soccer teams in 2004 that Manchester United is not No.1 on the list," read a Forbes statement.
"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."
