Real Madrid have remained the most valuable football team in the world for a fourth year in a row, according to US business magazine Forbes.

Madrid lead the way from rivals Barcelona, with Manchester United sitting in third place.

Madrid’s value stands at $3.645 billion (£2.52bn) and their annual revenue is $694 million (£480m), a slender advantage over Barcelona in both categories.

Barcelona are shown to have a value of $3.549bn (£2.46bn), with United said to be worth $3.317bn (£2.3bn).