Real Madrid have remained the most valuable football team in the world for a fourth year in a row.
The Spanish giants lead the way from rivals Barcelona, with Manchester United sitting in third place.
Balague's La Liga best XI
Sky Sports' Spanish expert Guillem Balague has picked his best XI from La Liga in the 2015/16 season
According to US business magazine Forbes, Real Madrid's value stands at 3.645bn US dollars (£2.52bn) and their annual revenue is $694m (£480million), a slender advantage over Barcelona in both categories.
Barcelona are shown by 'rich list' to have a value of $3.549bn (£2.46billion), with United said to be worth $3.317bn (£2.3billion).
Six Premier League teams feature in the top 10, with United joined by Arsenal, Manchester City, Chelsea, Liverpool and Tottenham.
Forbes said the top 20 teams are collectively worth 24 per cent more than the teams that filled those positions 12 months ago, citing increased income from television contracts and kit deals.
The study said Real Madrid ranked as the world's second richest sports team, behind only the Dallas Cowboys American football team which it valued at four billion dollars (£2.77bn).
Forbes' top 10 world's most valuable football teams:
1 Real Madrid - US$3.645 bn (£2.52billion)
2 Barcelona - $3.549bn (£2.46bn)
3 Manchester United - $3.317bn (£2.3bn)
4 Bayern Munich - $2.678bn (£1.85bn)
5 Arsenal - $2.017bn (£1.4bn)
6 Manchester City - $1.921bn (£1.33bn)
7 Chelsea - $1.661bn (£1.15bn)
8 Liverpool - $1.548bn (£1.07bn)
9 Juventus - $1.299bn (£900million)
10 Tottenham - $1.017bn (£704m)