Real Madrid: Most valuable sports team snaps up World Cup winner Toni Kroos
July 17, 2014 -- Updated 1208 GMT (2008 HKT)
Toni Kroos officially became a Real Madrid player Thursday after completing his transfer from Bayern Munich. The midfielder was an integral part of Germany's World Cup-winning team. There was more good news for Real as Forbes magazine ranked it as the most valuable sports team in the world.
Top 10 most valuable sports teams
1. Real Madrid - $3.44 billion
2. Barcelona - $3.2 billion
4. Manchester United - $2.81 billion
5. New York Yankees - $2.5 billion
5. Dallas Cowboys - $2.3 billion
6. Los Angeles Dodgers - $2 billion
7. Bayern Munich - $1.85 billion
8. New England Patriots - $1.8 billion
9. Washington Redskins - $1.7 billion
10. New York Giants - $1.55 billion
- Real Madrid completes the signing of midfielder Toni Kroos
- Kroos moves from Bayern Munich after winning the World Cup with Germany
- Real is ranked by Forbes as the most valuable sports team in the world
- Barcelona and Manchester United complete and all football top three
Follow us at @WorldSportCNN and like us on Facebook
(CNN) -- It's a good day for Real Madrid.
Not only has the 10-time European champion signed World Cup-winning star Toni Kroos, it's also been named the most valuable sports team on the planet.
Kroos, who starred during Germany's triumph in Brazil which culminated in a 1-0 win over Argentina in Sunday's final, penned a six-year deal Thursday after his transfer from Bayern Munich was completed in a reported $34 million deal.
Business magazine Forbes values Real at $3.4 billion, more than archrivals Barcelona and English giants Manchester United.
Germany celebrates World Cup victory
Ode to the 2014 World Cup
It suggests "Los Blancos" earned $78 million for its victorious European Champions League campaign -- Real beat city rival Atletico Madrid in the final -- contributing to an unrivaled total revenue of $675 million.
Read: Germany crowned world champions
Barca, which recently completed the signing of Uruguayan striker Luis Suarez for a reported $128 million, is valued at $3.2 billion, while 20-time English champion United is worth $2.81 billion.
The only other European football team in the top 10 is Kroos' former club Bayern, which is ranked seventh on $1.85 billion.
Baseball's New York Yankees is fourth on the list ($2.5 billion,) with fellow Major League Baseball franchise the Los Angeles Dodgers at six with a total worth of $2 billion.
Four National Football League franchises feature in the top 10, with the Dallas Cowboys -- valued at $2.3 billion -- in fifth.
The New England Patriots ($1.8 billion,) Washington Red Skins ($1.7 billion) and New York Giants ($1.55 billion) are eighth, ninth and 10th respectively.
Read: Top 10 matches of Brazil 2014
Read: CNN's team of the tournament
Today's five most popular stories
Part of complete coverage on
December 16, 2014 -- Updated 1123 GMT (1923 HKT)
After 20 years, more than 300 goals and a host of major honors, Thierry Henry has called time on his glittering football career.
December 19, 2014 -- Updated 1014 GMT (1814 HKT)
They do things differently at Sociedad Deportiva Eibar, up in the mist-cloaked valleys of the Basque country. And it is working.
December 10, 2014 -- Updated 1353 GMT (2153 HKT)
He might be struggling to score goals for Liverpool, but Mario Balotelli's cheeky tweet about the British monarch hit the spot during the World Cup.
October 28, 2014 -- Updated 1253 GMT (2053 HKT)
They splash the cash on the world's best players, now Real Madrid are giving the Bernabeu the same treatment with a bling makeover.
October 27, 2014 -- Updated 1309 GMT (2109 HKT)
Football world mourns South African captain Senzo Meyiwa who was shot and killed during a botched robbery in a township near Johannesburg.
October 21, 2014 -- Updated 1348 GMT (2148 HKT)
From the ancient ruins of Rome, a new empire rises. But the eyes of the city's newest gladiator light up at thoughts of the Colosseum.
October 21, 2014 -- Updated 1622 GMT (0022 HKT)
Once part of Germany's largest Jewish sports club, now he's the first ISIS suspect to stand trial in a country left shocked by his alleged radicalization.
October 17, 2014 -- Updated 1411 GMT (2211 HKT)
One goal in eight matches for new club Liverpool, and dumped by the Italian national team -- Mario Balotelli has yet to shine on his English return.
October 18, 2014 -- Updated 1819 GMT (0219 HKT)
Should a convicted rapist, who has served their time in prison, be allowed to resume their old job? What if that job was as a high-profile football player?
October 16, 2014 -- Updated 1247 GMT (2047 HKT)
After 10 years of golden glory, it's easy to see how Lionel Messi has taken his place among the football gods.
October 16, 2014 -- Updated 1034 GMT (1834 HKT)
When will the tears stop? A leading Italian football club is pursuing a new direction -- under the guidance of its new Indonesian owner.
October 13, 2014 -- Updated 2241 GMT (0641 HKT)
Norwegian 15-year-old Martin Odegaard is the youngest player ever to feature in a European Championships qualifying match.
October 10, 2014 -- Updated 1310 GMT (2110 HKT)
After revolutionizing cricket with its glitzy Twenty20 league, India has now thrown large sums of money at a new football venture.
October 2, 2014 -- Updated 1453 GMT (2253 HKT)
Get ruthless. That is Rio Ferdinand's message to soccer's authorities in the fight to tackle the scourge of racism.
September 10, 2014 -- Updated 1328 GMT (2128 HKT)
He's just 15 and the world is seemingly already at his feet. Norway's Martin Odegaard is being sought by Europe's top clubs.