Real Madrid 'most valuable sports team', says Forbes

Spanish football team Real Madrid has topped an annual Forbes list of the world's most valuable sports teams.

The current holders of the Champions League is worth an estimated $3.44bn (£2bn), Forbes said.

The top three slots are occupied by Football teams, with Barcelona in second place at $3.2bn, and Manchester United third, with a value of $2.81bn.

Forbes calculated the value of the teams based on equity, debt and stadium deals.

MLB baseball team the New York Yankees were in fourth sport, valued at $2.5bn.

In fifth place is NFL American Football team the Dallas Cowboys, worth $2.3bn.

NFL teams fill 60% of the top 50 slots, occupying 30 places.

- www.bbc.com