Real named ‘most valuable sports team’

QGN, Doha – Qatar: 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.

real-madrid-team-generic-6Los 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. 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.

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.

Sources: Forbes, Reuters, Gulf News Agency