Real Madrid named as the world's most-valuable football team

It is the fourth year in a row they have topped the Forbes list

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Picture by: Adam Davy / PA Wire/Press Association Images

Real Madrid have been named as the most valuable football club in the world according to Forbes magazine.

The Spanish giants have been valued at just under €3.2 billion and top the list for the fourth year in a row. The Champions League finalists are just ahead of Spanish rivals Barcelona. Both teams are the only football teams in the world to be valued at over €3 billion.

Six Premier League teams make the top-ten of the list with Manchester United and Arsenal in the top-five.

The top-five clubs on the Forbes' list

Despite their relegation, Newcastle United are ranked as the 20th most-valuable team in the world. West Ham United are also in the top-20 and will be expected to rise even higher in the table next-season with an improved television deal and the move to the Olympic Stadium.

NFL team, the Dallas Cowboys remain the most valuable sports-team in the world and are joined by rivals, the New England Patriots in the top-five. The American teams book-end the Spanish duo and Manchester United.

Unsurprisingly, Premier League champions Leicester City have not made the list. You can see the top-20 here.