Real Madrid top list of most valuable soccer teams

Reigning Spanish champions Real Madrid has been valued at $3.3 billion by Forbes magazine, ending the $3.2 billion worth Manchester United's nine-year reign at the top of the magazine's annual list of the most valuable football teams in the world.

Barcelona are valued third, at $2.6 billion, Arsenal fourth at $1.33 billion, while German side Bayern Munich complete the top five with a valuation of $1.31 billion in the list.

In coming to its figures, Forbes looks at a football club's various revenue streams, such as television money, ticket sales, merchandise and concessions.

Check out Forbes' 10 most valuable soccer clubs in the world

Real Madrid

Owner: Club supporters

Manchester United

Owner: Glazer family

Value: $3.2 billion

FC Barcelona

Owner: Club supporters

Value: $2.6bn

Arsenal FC

Owner: Arsenal Holdings plc

Value: $1.33bn

Bayern Munich

Owner: Club supporters

Value: $1.31bn

AC Milan

Owner: Silvio Berlusconi

Value: $945m

Chelsea

Owner: Roman Abramovich

Value: $901m

Juventus

Owner: Agnelli family

Value: $694m

Manchester City

Owner: Sheikh Mansour bin Zayed Al Nahyan

Liverpool

Owner: John Henry

Value: $651m