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
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(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.
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