Real Madrid named 'most valuable sports team'
July 15, 2013 -- Updated 1719 GMT (0119 HKT)
1. Real Madrid - $3.3 billion
2. Manchester United - $3.17 billion
3. Barcelona - $2.6 billion
4. New York Yankees - $2.3 billion
5. Dallas Cowboys - $2.1 billion
6. New England Patriots - $1.64 billion
7. Los Angeles Dodgers $1.62 billion
8. Washington Redskins - $1.6 billion
9. New York Giants - $1.47 billion
10. Arsenal - $1.33 billion
- Forbes name Real Madrid the most valuable sports team in the world
- The Spanish team has overtaken English club Manchester United
- United sit second on the list, with Real's rivals Barcelona third
- New York Yankees fourth on the list, Dallas Cowboys fifth
(CNN) -- Real Madrid have leapfrogged Manchester United as the most valuable sports team in the world, according to a list released by Forbes on Monday.
The nine-time European champions have risen to the top of the list, overtaking English Premier League team Manchester United, with the U.S. business magazine valuing Real at $3.3 billion.
Los Blancos' revenue of $650 million is the highest in sport, while the Spanish team's income of $134 million is second only to that of National Football League (NFL) franchise the Dallas Cowboys.
Read: Bayern the world's most valuable team?
Real's coffers have swelled thanks, in part, to a kit deal with German sports brand Adidas, worth $42 million per year, and a $39 million five-year sponsorship agreement with airline Emirates.
Golf's world No. 1 Tiger Woods has reclaimed his position as the world's highest-earning athlete, according to Forbes. The 14-time major winner picked up $13.1 million in salary/winnings in the 12 months to June 1, as well as $65 million from endorsements with companies such as Nike. Woods is thought to be close to resigning with the American sportswear giant.
Tiger tops highest-paid athlete list
Real Madrid have usurped Manchester United as the world's most valuable soccer club according to Forbes. The Spanish giants, whose star player is Cristiano Ronaldo, increased their value by 76% over the past year to $3.3 billion.
Real Madrid world's most valuable club
Actor Rodrigo Santoro signs a poster for the film "Heleno", in which he plays the mercurial striker. A destructive personality, together with illness and drug problems prevented Heleno from becoming one of Brazil's greatest ever players. But he helped pave the way for some of the world's greatest soccer icons...
Brazil's greatest footballers
English champions United sit second on the list, with an estimated value of $3.17 billion. The Old Trafford team, owned by the American Glazer family, announced a seven-season shirt sponsorship agreement with Chevrolet in 2012 worth $559 million.
Real's archrivals Barcelona complete a top three dominated by football teams. The Spanish title winners are valued at $2.6 billion.
Read: Tiger Woods named highest-paid athlete
United's EPL rivals Arsenal are the only other soccer club to feature in the top 10, with the north London team sitting 10th on the list with an estimated value of $1.33 billion.
The remaining six spaces in the top 10 are taken by U.S. sports franchises.
Major League Baseball's New York Yankees are fourth on the list, valued at $2.3 billion, while NFL teams the Cowboys and the New England Patriots are fifth and sixth worth $2.1 billion and $1.64 billion respectively.
The average worth of the teams inside Forbes' top 50 has risen to $1.24 billion, an increase of 16% from 2012.
American football is the best represented sport on the list, with 30 of the NFL's 32 franchise included in the top 50.
Baseball and soccer both have seven teams on the list, while the NBA contributes three franchises.
Formula One team Ferrari, at 21, are the highest-ranked motorsport manufacturer.
Part of complete coverage on
Be part of CNN's coverage of European Champions League matches and join the social debate.
Some of the biggest names in football lined up for a charity match, but CNN's Tom McGowan wonders if they can help beat poverty.
March 4, 2014 -- Updated 1555 GMT (2355 HKT)
"Everyone is scared about war -- they are very nervous," former Ukraine football star Oleg Luzhny says of the rising tensions with Russia.
After a miserable Champions League defeat to Olympiakos, CNN's John Sinnott wonders if Manchester United is officially in trouble.
February 26, 2014 -- Updated 1807 GMT (0207 HKT)
Bayern Munich's present success rests on one key decision, chairman Karl-Heinz Rummenigge tells CNN.
February 18, 2014 -- Updated 0922 GMT (1722 HKT)
"More than a Club." It is an image Barcelona has carefully cultivated, but could the controversial deal to sign Neymar sour that view?
CNN's David Ford analyzes the changing face of Manchester City since Barcelona's last visit to the English club 11 years ago.
February 1, 2014 -- Updated 1825 GMT (0225 HKT)
Affectionately known as "the wise man of Hortaleza," Luis Aragones -- who died aged 75 -- left the legacy of helping Spain's ascension to the top.
January 23, 2014 -- Updated 2118 GMT (0518 HKT)
Real Madrid hasn't won the European Champions League in over a decade, but the Spanish club is invincible in one field -- making money.
January 16, 2014 -- Updated 1449 GMT (2249 HKT)
A ruling that Polish fans will not face legal action after anti-Semitic chanting sparks debate over whether it signals acceptance of such attacks.
The naming of the world's best footballer is not all that it seems, says CNN's James Masters.
If FIFA really cared about gay rights, why did it give the World Cup to a country where homosexuality is illegal, asks CNN's James Masters.
CNN's Alex Thomas takes a brave punt on the 2014 champion ahead of Friday's World Cup draw.
Today's five most popular stories